Cloud Tech Brings Netlist Back In Favor (NLST)

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By Jon C. Ogg Updated Published
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It has been a while since we have seen Netlist, Inc. (NASDAQ: NLST) moving in the after-hours session.  After the close came news from the small cloud player that it was awarded new patents for its HyperCloud memory innovations.  The company noted that the three new patents will further extend its patent protection of rank multiplication and load reductions.

The patents issued by the Patent and Trademark Office were as follows:

  • U.S. Patent No. 7,864,627 entitled “Memory Module Decoder,”
  • U.S. Patent No 7,881,150 entitled “Circuit Providing Load Isolation and Memory Domain Translation for Memory Module,”
  • and U.S. Patent No 7,916,574, a continuation of the ‘150.

Netlist went out with a market cap of only about $61 million and its fiscal Jan 2011 revenues were $37.855 million.  Unfortunately, it is still not yet profitable.  Thomson Reuters only shows two estimates of $54.6 million in 2011 revenues and $73.03 million in 2012 revenues with losses expected in both years.  As equity traders are back to loving the technology around Cloud Computing, it looks as though shares should surge again Wednesday.

Shares are up by just over 7% at $2.59 on more than 150,000 after-hours shares this evening and that was on top of a 3.4% gain today to $2.42.  Netlist’s 52-week trading range is $1.81 to $3.90.

If these after-hours levels manage to hold up in the morning then this will be the highest price that Netlist shares have seen in all of 2011.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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