was up 4.4% in preopen
trading after it said fourth-quarter earnings were $1.16 per share excluding a pretax gain from the sale of one of its facilities.
First Call/Thomson Financial
estimate was 96 cents. Micron's year-ago earnings were 96 cents per share.
cut its 12-month price target to $100 from $120, but
said it believes the $120 goal "remains achievable," and
Sanford C. Bernstein
maintained its outperform rating.