TheStreet’s Jim Cramer is keeping an eye on Micron Technology (MU) Thursday when the company releases its latest quarterly results. The memory chip manufacturer is scheduled to post its fiscal fourth quarter earnings after the market close. Cramer says he’s watching Micron because ‘Western Digital (WDC) got a huge infusion of cash from a Chinese company. Western Digital has flash, so does Micron. People might say, you know what, Micron can do a similar deal with another similar company.’ Cramer says he doesn’t like Micron, saying ‘it’s still up very big from where it was a few years ago but I recognize that if Western Digital can get money, Micron can get money.’ Analysts polled by Reuters are expecting Micron to post earnings of $0.33 a share on revenue of $3.56 billion for the quarter. Shares of Micron are down nearly 60 percent year-to-date with a weak PC market weighing on the stock.
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