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>>> on october 17th, canada...
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believe is strong as well.
this is why we are very
confident about the future of
the company and announced a $10
billion buy back, consider our
shares undervalued and looking
at opportunities to do share buy
back
we mentioned in the call we
had -- we are very confident
about the opportunities in our
markets and our industry and
micron's execution
>> sanjay, asking you to
generalize here.
as you adjust to potential
tariffs, is it easier to do that
through supply chain changes or
pricing and if the tariffs end
later, is it easier, how easy is
it to go back to the original
supply chain or pricing models
>> what's important to
understand is that micron
actually has a very global well
diversified supply chain
we have our manufacturing
locations in many locations
believe is strong as well.
this is why we are very
confident about the future of
the company and announced a $10
billion buy back, consider our
shares undervalued and looking
at opportunities to do share buy
back
we mentioned in the call we
had -- we are very confident
about the opportunities in our
markets and our industry and
micron's execution
>> sanjay, asking you to
generalize here.
as you adjust to potential
tariffs, is it easier to do that
through supply chain changes or
pricing...
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09/18
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CNBC
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some of those products are
imports into the u.s. that are
impacted by tariffs, and we are
extremely focused on mitigating
those.
in fact, cost of mitigation of
those that is under way now is
also included in the gross
margin guidance we provided, and
that cost of mitigation has
certain impact
we said that over the course of
next three to four quarters we
will be able to mitigate this
effect
but what's important to
understand, we are a very global
company, very diversified in
terms of our markets and
customers across the world, and
we are very focused on
continuing to strengthen our
product towards high value
solutions and driving the growth
of the company
just let me point out that
fiscal year '17 we just
completed, micron reported over
30 billion in revenues
that makes us the number two
largest semiconductor company in
the u.s.
if you measure by profitability.
50% margin, and if not the most
some of those products are
imports into the u.s. that are
impacted by tariffs, and we are
extremely focused on mitigating
those.
in fact, cost of mitigation of
those that is under way now is
also included in the gross
margin guidance we provided, and
that cost of mitigation has
certain impact
we said that over the course of
next three to four quarters we
will be able to mitigate this
effect
but what's important to
understand, we are a very global
company, very diversified in
terms of our...