During the conference call, Mark Durcan, Micron's CEO and director, said,"Our outlook for memory industry conditions remains favorable. We believe the current industry structure is fundamentally changed and we can now manage our business focused on return based capital and supply decisions which was not always possible in the past. In terms of DRAM, it appears that Hynix's Wuxi fab is back online and it supplies in the market. Low supplier and customer inventory across multiple segments coupled with our reduction in DRAM capacity as we convert Singapore to NAND has led to an overall stable supply situation, and we continue to see favorable market conditions in what is generally a slow seasonal period."