MEMC Electronic Materials, Inc (NYSE:WFR) shares rise by 10.75%, Servicesource International Inc (NASDAQ:SREV)

Posted by Chris Bell May 24, 2013 0 Comment 1391 views


MEMC Electronic Materials, Inc (NYSE:WFR) In Thursday’s trading session, MEMC Electronic Materials, Inc (NYSE:WFR) ascended 10.75%. It opened at $6.35 per share, touched an intraday high of $7.36 and dropped down to close at $6.20 per share. Over 5.33 million shares were traded in Thursday’s trading session. This number stood above the average volume of 1.05 million that was measured over a 30-day period.

MEMC Electronic Materials, Inc. is involved in developing, manufacturing and selling silicon wafers. MEMC Electronic Materials, Inc (NYSE:WFR) develops and sells photovoltaic energy solutions. Via Solar Energy (SunEdison) and Solar Materials it develops solar energy projects. It operates in two different segments: solar energy and semiconductor materials. WFR’s Solar Energy segment is inclusive of operations of old Solar Materials segment and its SunEdison business. Via the Semiconductor Materials segment, WFR offers wafers that have numerous features. The wafers vary in surface features, size, purity levels, composition, crystal properties and electrical properties.

MEMC Electronic Materials, Inc (NYSE:WFR) monocrystalline wafers that are used in semiconductor applications vary in size from 100 mm-300 mm. The wafers that the company manufactures are used as the starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic and power devices.

Servicesource International Inc (NASDAQ:SREV): In Thursday’s trading session, Servicesource International Inc (NASDAQ:SREV) ascended 9.70%. It opened at $6.94per share, touched an intraday high of $7.77 and dropped down to close at $6.85 per share. Over 2.32 million shares were traded in Thursday’s trading session. This number stood above the average volume of 0.548 million that was measured over a 30-day period.

Servicesource International Inc (NASDAQ:SREV) was previously ServiceSource International, LLC. It is a service-revenue management company. It manages service contract renewal processes for renewals of support, maintenance and subscription agreements for its customers. SREV’s integrated solution is made up of a cloud applications suite. It has a dedicated service sales team that works under the brands of its customers and also the Service Revenue Intelligence Platform. By integrating managed services, software and data, it addresses the various steps of the renewal processes. These include quoting, data management, service revenue business intelligence and selling. It operates in three different segments: EMEA (Europe, Middle East and Africa) NALA (North America and Latin America) and APJ (Asia Pacific-Japan). As of 31 December 2011, it managed in excess of 120 engagements for around 70 customers.


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

View all post by Chris Bell Visit author's website

Write Your Comment