Tepid PC sales weigh on Micron's results

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The top U.S. memory manufacturer's poor showing lent weight to recent warnings from both Intel (INTC.O) and Texas Instruments (TXN.N) about weak chip market conditions, and came after Oracle's first earnings miss in a decade stoked fears that corporate America may be pulling back on tech spending.

Given that the reports from Micron and Oracle were for the quarter that ended in November, they may signal what to expect when more technology companies report after their quarters end in December.

Growth in sales of PCs, which use DRAM chips made by Micron, has slowed in recent quarters as European and U.S. consumers worried about a tough economy hold off on large purchases. Many consumers are also choosing tablets like Apple's (AAPL.O) iPad instead of laptops.

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