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Del.icio.usShares of memory subsystems maker, Netlist, Inc. (Nasdaq: NLST) were up as much as 27 percent from Tuesday’s closing price, in morning trading on Wednesday after the company announced that Dell, Inc. (Nasdaq: DELL) qualified Netlist’s 512 megabyte and 1 gigabyte flash memory-based, non-volatile cache subsystems. Shares traded as high as $2.93 on Wednesday, up from $2.30 at the closing bell on Tuesday.
“Partnering with Netlist gives Dell’s enterprise customers added flexibility and peace of mind when deploying PERC cache solutions,” said Sally Stevens, vice president, Server Product Group Platform Marketing, Dell, Inc. in a statement. “NetVault NV delivers the reliability and performance our customers require while reducing the total cost of ownership for this high performing disaster recovery solution.”
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Netlist’s NetVault NV would help Dell servers recover and retain data for weeks in the event of data-center power failures. Earlier, Dell had also selected Netlist’s battery-backed module, NetVault BB, to hold memory data.
“Dell’s qualification of NetVault NV for this high reliability, disaster recovery application demonstrates our ability to deliver differentiated products enabling OEMs to deliver best in class datacenter solutions,” said Steve McClure, Netlist’s vice president of marketing in a statement.
We previously featured Netlist as a Buzz Stock of the Day on June 14th. Shares were up about 30 percent that day, from the previous day’s close, after the company announced that its HyperCloud™ memory module was been selected to run on servers owned by British IT solutions provider, Viglen to support High Performance Computing (HPC) applications.
Click here to read what other traders are saying about Netlist, Inc. on the company’s official Buzz Stocks Board!
Tags: dell, flash memory, Penny Stocks, Technology Stocks