MEMC Trims Q3 View, Citing Ike; No Long-Term Impact

MEMC Electronic Materials (WFR) this morning trimmed its outlook for the third quarter, citing the impact of a temporary shutdown at its Pasadena, Texas, facility due to Hurricane Ike.

MEMC says it now sees Q3 revenue of $530 million, plus or minus $10 million, with gross margin of 51 percent, plus or minus one percentage point. Previously, the company had forecast revenue of $560 million to $620 million and gross margin of 54-55 percent.

The company said the company’s Pasadena, Texas, facility did not suffer any apparent major damage from Hurricane Ike.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »