MEMC Guides down
First of all, this is not a sign of worse to come.
MEMC had manufacturing issues that reduced factory utilization by 20%. As a result:
Q1 Guidance lowered by ~10%
* Sales closer to $500M, instead of $560M
* Margins slipping to 52% from 54%
MEMC had manufacturing issues that reduced factory utilization by 20%. As a result:
Q1 Guidance lowered by ~10%
* Sales closer to $500M, instead of $560M
* Margins slipping to 52% from 54%
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