Feeds

Memory Corp eases way out of AIM

It's European-bound

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Memory Corporation is heading for Europe, planning a listing on the young, still unproven, EASDAQ stock market in Brussels. It is moving from London’s junior exchange, AIM, where it took a thorough drubbing, listing on AIM at 45 pence in 1995, then soaring to a dizzying 553 pence before spiraling downwards to the mid 20s. That said, it raised £6 million recently with a placing and rights issue in April at 20 pence per share. Brussels based EASDAQ is unfamiliar territory for most and it lists only 37 companies, many in the high-tech sector. It’s brief existence has a been chequered one, with many wannabee stars blazing brightly for all of 15 minutes before falling into obscurity. David Savage, chief executive of loss-making Memory Corp said EASDAQ’s focus more accurately reflects Memory’s direction and its international customerbase. Despite numbering the likes of Hitachi and Intel in its clientlist, the Scottish semiconductor company has a turbulent history. 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 and when it embarked on a joint venture with the company to set up DTEC, it was a major boost to the beleaguered manufacturer. The consensus is that Memory has diversified wisely, now focusing on licensing intellectual property rather than manufacturing for the semiconductor marketplace. Memory Corp bought Memory Plus and a Hong Kong sourcing company, both of which have now been drafted into the overall Datrontech fold. The current upturn in the DRAM market and the fact that Memory and DTEC can draw on the overall Datrontech distribution model has helped both. Memory is 55 per cent owned by institutional investors and 25 percent lies with around 2,000 private shareholders. They will be asked to transfer their holdings into the US dollar-based Global Depositary Receipts that are traded on EASDAQ like ordinary shares. ® Related Stories Memory Corp taps shareholders for more dosh Memory Corp does JV with Datrontech Memory Corp turns corner Memory Corp continues comeback route Memory Corp signs Rambus deal Click here for more stories

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.