NEW YORK, March 13, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on MEMC Electronic Materials, Amazon.com, General Electric Company
MEMC Electronic Materials, Inc.(NYSE:WFR) has announced that it expects prices to drop in its solar division this year. Also, the Missouri-based company plans to change its name to SunEdison Inc. The maker of products for the semiconductor and solar industries anticipates that the average price for watt in its solar energy systems division will drop to $3.10 to $3.40 per watt, from $3.79 per watt in 2012.
However, it expects sales volume to rise 10 to 28 percent. In the semiconductor division, it expects revenue of $940 million to $990 million, 2 to 8 percent higher from 2012.
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The solar industry has been struggling in recent times thanks to sharp fall in prices and a supply glut. Likewise, the chip industry is facing the problem of oversupply, as well as a slowdown in PC demand.
MEMC has posted two back-to-back annual losses. Its revenue dipped 7 percent to $2.5 billion in 2012; chip revenue declined to $917.5 million from $1.02 billion. The company expects capital expenditure between $120
million and $140 million this year, compared to $139 million in 2012. Once MEMC's name change is approved by shareholders, the new name would be effective at its annual shareholders meeting on May 30.
The stock dropped 67 cents, or 12.3 percent, to $4.76 in morning trade. It has gained 25 percent over the past 12 months.
Amazon.com, Inc.(NASDAQ:AMZN) Prime already has over 10 million members. Although it charges $79 annually as subscription fee, a Prime member receives two-day shipping for free, and has access to thousands of streaming TV shows and movies.
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The money earned from subscription constitutes approximately 33% of Amazon’s operating income. It is estimated that Amazon made an average profit of $78 for each Prime member last year after taking into account licensing and shipping fees.
In other news, General Electric Company(NYSE:GE) has stated that it has struck a research and innovation deal with the National Football League, worth $60 million. This deal is aimed at development and improvement of concussion-detecting imaging technology for the military, athletes and general public.
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GE Healthcare will have a significant role to play in this deal, owing to its technological expertise in CT, PET and MRI diagnostic equipment. Executives at GE feel that the deal with the NFL can help in developing the innovative medical imaging device and deliver better care to patients, who are suffering from traumatic brain injury.
The deal stands for the biggest private-industry agreement of NFL till date and it is merely one of the many steps that NFL has taken to lessen head injuries.
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