Netlist, Inc. (NLST) – Buzz Stock of the Day

Posted on Monday, June 14th, 2010

Shares of memory subsystems maker Netlist, Inc. (Nasdaq: NLST) continued their rally on Monday morning, climbing about 32 percent from Friday’s close. Shares gained about 30 percent on Friday as well, 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.

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Viglen has achieved the following benefits by incorporating HyperCloud DIMMs into their servers, according to a recent news release: increases data throughput by 57% versus JEDEC 4-Rank memory modules; improves aggregate memory bandwidth; operates at 1333 MT/s, versus 800 MT/s.

“To be selected by Viglen exemplifies the value we provide with our HyperCloud memory module,” said C.K. Hong, Netlist Chief Executive Officer in a statement. “Our HyperCloud technology is a key enabler of server efficiency and offers a unique value-add for companies deploying new IT infrastructures. We are pleased to enhance performance on Viglen servers and look forward to continuing to offer compelling memory solutions to address the computing demands.”

Netlist’s 50-day average daily volume for is 798,000.

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