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04.14.2009 4:43 pm

MEMC to lay off another 200 employees

St. Louis Post-Dispatch

MEMC Electronic Materials Inc. said today that it will lay off 200 workers of its Korean-based subsidiary, as it cuts deeper to align manufacturing abilities with lower production needs.

The Korean operations are a joint venture between MEMC and Samsung Electronics…

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04.13.2009 2:10 pm

MEMC shares down on gloomy outlook, analyst reactions

St. Louis Post-Dispatch

Shares of wafer maker MEMC Electronic Materials Inc. slid today after the company issued an earnings outlook Thursday that fell below analysts’ expectations.

In afternoon trading, MEMC shares fell $2.96, or 16 percent, to $15.98, from Thursday’s close of $18.94. Today was…

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09.24.2008 2:45 pm

MEMC lowers its 3Q earnings estimate

St. Louis Post-Dispatch

MEMC Electronic Materials Inc. dropped its third-quarter earnings estimate to about $520 million to $540 million because raw materials delivery decreased after Hurricane Ike, the O’Fallon, Mo.-based company said today.

Although Ike did not do any major damage to MEMC’s plant…

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09.15.2008 2:04 pm

MEMC: Ike delivers no big effect to Pasadena, Texas, plant

St. Louis Post-Dispatch

Hurricane Ike did not cause any major structural damage to MEMC Electronic Materials Inc.’s plant in Pasadena, Texas, the O’Fallon, Mo.-based company said today.

MEMC, which makes silicon wafers for electronic applications and solar batteries, shut down its plant Thursday in…

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09.11.2008 2:27 pm

MEMC temporarily closes Pasadena, Texas, facility for pending Ike

St. Louis Post-Dispatch

MEMC Electronic Materials Inc. temporarily shut down its plant in Pasadena, Texas, starting today in preparation for Hurricane Ike.

The O’Fallon, Mo.-based company, which makes silicon wafers for electronic applications and solar batteries, said today that it expects operations to restart…

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09.02.2008 4:25 pm

MEMC maintains its 3Q revenue forecast

St. Louis Post-Dispatch

MEMC Electronics Materials Inc. said today that it is on target to meet its revenue predictions for the third quarter that ends Sept. 30.

The O’Fallon, Mo.-based company, which makes silicon wafers for electronic applications and solar batteries, said it expects revenue of…

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02.20.2008 4:44 pm

MEMC takes center stage at NYSE

Those of you who routinely tune-in to CNBC to watch the opening bell rung at New York Stock Exchange may recognize a familiar name Thursday morning. 

The president and chief executive of MEMC Electronics Corp., Nabeel Gareeb, will ring the ceremonial opening bell that…

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02.15.2008 1:31 pm

Strong year brings better bonus for MEMC chief

O’Fallon, Mo.,-based MEMC Electronic Materials Corp. gave its top executive a bonus of $931,600, the company reported Thursday in a filing with the Securities and Exchange Commission.The bonus, given to Nabeel Gareeb, MEMC’s president and chief executive officer, is a…

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01.31.2008 2:07 pm

MEMC cuts 90 jobs from local facility

MEMC Electronic Materials Inc. laid off 90 employees this week from its O’Fallon, Mo., production site, a company spokesperson said Thursday. The company, which also has its headquarters in O’Fallon, said the cuts were necessary to better align employment with production…

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