Sun Edison parent not feeling well

North America

MEMC publishes preliminary results for the fourth quarter

18.01.2012: US wafer manufacturer MEMC Electronic Materials Inc., which announced last December that it would lay off about 20 percent of its workforce and severely reduce production, has published preliminary results for the fourth quarter of 2011 that differ from numbers released in December. The company now anticipates GAAP fully diluted losses per share for the quarter to be in the range of ($6.50) to ($5.78), slightly lower than the previously announced range of ($6.38) to ($5.20). Meanwhile, the company now expects GAAP revenue to be in the range of $698 million to $733 million, higher than the previously forecast range of $523 million to $585 million. Regarding the restructuring plans announced last month, MEMC says it took “decisive action” in response to “the continuing cyclical downturn in the semiconductor industry and the severe market disruption in the solar market.” … Source: MEMC Electronic Materials Inc.; Summary: PHOTON http://www.memc.com http://www.memc.com/index.php?view=investors&c=106680&p=irol-news The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/59506.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com