Netlist, Inc. (NASDAQ: NLST) reached up 20.56% in morning trading to $1.9892 with 600K shares traded. Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for server and storage applications for cloud computing. Netlist's flagship products include HyperCloud™, a patented memory technology that breaks traditional memory barriers, NVvault™ family of products that enables data retention during power interruption, EXPRESSvault™, a PCI Express backup/recovery solution for cache data protection and a robust portfolio of high performance and specialty memory subsystems including HyperStream, VLP (very low profile) DIMMs and Planar-X RDIMMs. Netlist, Inc. (NASDAQ: NLST - News) yesterday reported financial results for the third quarter and nine months ended October 1, 2011 . Revenues for the third quarter ended October 1, 2011 , were $16.3 million , up 55 percent from revenues of $10.6 million for the third quarter ended October 2, 2010 . Gross profit for the third quarter ended October 1, 2011 , was $5.5 million , or 34 percent of revenues, compared to a gross profit of $3.0 million , or 29 percent of revenues, for the third quarter ended October 2, 2010 , an increase of 83 percent.
SPI Solar (OTCBB: SOPW) reached up 22.45% in morning trading to $.30 with 60K shares traded. SPI Solar is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Company’s close relationship with LDK Solar, SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. SPI Solar (“SPI”) (OTCBB: SOPW) yesterday announced that it has closed a transaction with KDC Solar Credit LS LLC, an affiliate of KDC Solar LLC (“KDC Solar”), for the purchase of approximately $42 million of high-quality LDK solar modules all to be delivered to KDC this year.
Emmis Communications Corporation (NASDAQ: EMMS) reached up 8.04% in morning trading to $.82 with 130K shares traded. Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis operates the 8th largest publicly traded radio portfolio in the United States based on total listeners. Emmis owns 18 FM and two AM radio stations in New York , Los Angeles , St. Louis , Austin (Emmis has a 50.1% controlling interest in Emmis' radio stations located there), Indianapolis and Terre Haute, IN. Emmis Communications Corporation (NASDAQ: EMMS; EMMSP) today announced that it signed agreements with certain holders of its 6.25% Series A Cumulative Convertible Preferred Stock to purchase their shares of Preferred Stock and that it signed an agreement with Zell Credit Opportunities Master Fund, L.P. to finance the purchases. Emmis may enter into additional transactions to purchase its Preferred Stock in the future.
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