Micron reports Q2 revenue of $3.69B, vs. $3.71B est., down from $7.79B YoY, and a record net loss of $2.31B due to an inventory write-down of $1.43B (Jeremy C. Owens/MarketWatch)

Jeremy C. Owens / MarketWatch:
Micron reports Q2 revenue of $3.69B, vs. $3.71B est., down from $7.79B YoY, and a record net loss of $2.31B due to an inventory write-down of $1.43B  —  Chip company writes off more than $1.4 billion in inventory as sales get chopped in half and memory-chip market melts down …