BOISE, Idaho,March 29, 2012(GLOBE NEWSWIRE) --Micron Technology, Inc.(Nasdaq:MU), announced today that it reached an agreement withOracle America Inc.("Oracle") to settle a lawsuit filed by Oracle against Micron in theU.S. District Court for the Northern District of California. The lawsuit alleged a conspiracy to increase DRAM prices and other violations of federal and state antitrust and unfair competition laws based on purported conduct for the period fromAug. 1, 1998, through at leastJune 15, 2002, and sought joint and several damages, trebled, as well as restitution, disgorgement, attorneys' fees, costs and injunctive relief.  Pursuant to the settlement agreement, the parties agreed to a settlement and release of all claims and a dismissal with prejudice of the litigation. 

Under applicable accounting principles, the effect of this settlement on Micron's results of operations for the second fiscal quarter of 2012 is a reduction in revenue and an increase in the net loss attributable to Micron shareholders of$58 millionas compared to the results previously reported onMarch 22, 2012, with corresponding adjustments to other items included in the company's results of operations. As a result, for the second quarter of fiscal 2012, Micron's net loss attributable to its shareholders was$282 million, or$0.29per diluted share, on net sales of$2.009 billion. The full effect of the settlement on Micron's results of operations and financial position for the second quarter of fiscal 2012 will be provided in Micron's Form 10-Q.