Micron Imaging Still Losing Money

Micron just published its Q-10 form for Q1 FY2008. Some results from imaging business side:

• Imaging business lost $9M last quarter, down from $15-17M quarterly loss in Q2-Q3'FY2007.
• Imaging sales where $169M, up from $149M in the previous quarter
• Imaging R&D expenses where about $37M for the quarter vs. $42M in Q3'FY2007.
• Gross margin is 26% in imagers

Overall the results are slightly better this quarter, although I hoped for a bigger improvement. Three sequental quarters in red complicate the spin-off process.