Feeds

Memory Corp turns corner

DRAM company turns corner

  • alert
  • submit to reddit

New hybrid storage solutions

The Memory Corporation has issued a statement saying that it expects to post an operating profit for the first time in three years. Memory Corp has now risen from the depths of financial red ink to report an expected operating profit in the second half of this year, after reporting gross profits in Q1 and Q2. Last year the company reported losses of £3.31 million with pre-tax losses standing at £1.2 million. Datrontech owns 49 per cent of Memory Corp and embarked on a joint venture with the company, which culminated in a new company called DTEC. According to John Byrne, joint managing director at Vanguard Microelectronics, this was a major filip for Memory which has emerged from a financial pounding on the AIM which saw its share price plummet from 555p three years ago to 26p earlier this year. “It’s turned a corner,” said Byrne, “but not as a result of standard memory products. Its strategy is good and the deal with Datrontech has been a good marriage.” Datrontech got involved with Memory Corp at a time when it needed to boost confidence among its shareholders. The result was that Datrontech’s share price has grown and Memory Corp has started to see some financial light. Memory Corp bought Memory Plus and a Hong Kong sourcing company, both of which have now been drafted into the overall Datrontech fold. The Hong Kong company, to be called DTEC Asia has, according to DTEC managing director Andrew Mackenzie, “put us two days ahead of the market because we don’t have to rely on other companies to feed us the information.” Mackenzie added that the current upturn in the DRAM market and the fact that Memory and DTEC can draw on the overall Datrontech distribution model, “has undoubtedly helped both companies.” While the memory market has become accustomed to live in fear of short-term false growth, both Byrne at Vanguard and Mackenzie believe the market is really on the right road now, due largely to Korean restructures and manufacturers such as TI dropping out of the market.

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.