NewswireToday - /newswire/ -
Newark, NJ, United States, 2011/11/15 - Today, Wall Street Equities Research has released its analyst research reports on Netlist, Inc. Full fundamental and technical analysis is available at WallStPromotions.com.
Netlist Inc. said it signed deals with Hewlett Packard Co and International Business Machines Corp to make its flagship product HyperCloud memory system compatible with their servers.
The company's shares rose sharply in extended trade, following the announcement.
The deal with IBM is non-exclusive, while the HP agreement is exclusive for a period of time, Netlist said in a filing with the U.S. Securities and Exchange Commission.
Netlist Inc is currently trading at $3.30 in Tuesday's pre-market session. The company has total outstanding shares of 25.34 million shares with the market capitalization of $59.56 billion.
Netlist, Inc. (NASDAQ: NLST) designs, manufactures and sells memory subsystems for the server, high performance computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits, (DRAM ICs), Not And (NAND) flash memory (NAND), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs). The Company’s memory products include DRAM Modules, RDIMM, FBDIMM, SODIMM, Mini-RDIMM, and NAND Flash Memory Cards and Modules.
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