After the tech giant released a poor revenue forecast, and analysts lowering their outlook, Micron Technology (NASDAQ:MU) shares fell 16% Thursday, the lowest level since September. Late Wednesday Micron said it expected current-quarter income of about $7.9 billion, which falls short of market projections. The company blamed falling demand in the industrial and automotive sectors as well as a lower-than-expected PC replacement cycle for the shortfall. Citing pressure on memory pricing in the PC and phone industries, especially for NAND flash-memory devices, Bank of America Securities downgraded Micron to neutral from "buy and cut its price objective to $110 from $125.