Netlist (NLST) Shares Spike On Dell (DELL) Announcement

Shares of memory subsystems maker Netlist Inc. (NLST) rose  as much as 23% on Wednesday after the company announced that Dell Inc. (DELL) has qualified both its 512 megabyte and 1 gigabyte memory-based subsystems, NetVault NV, for use in the PC-maker’s servers. Netlist’s NetVault NV would help Dell servers recover and retain critical data for weeks in the event of data-center power failures.

“Partnering with Netlist gives Dell’s enterprise customers added flexibility and peace of mind when deploying PERC cache solutions,” said in a statement Sally Stevens, VP, Server Product Group Platform Marketing, Dell Inc. “NetVault NV delivers the reliability and performance our customers require while reducing the total cost of ownership for this high performing disaster recovery solution.”

Netlist drew more than 50% of its revenue from Dell in FY 2009.

NLST gained $0.47, or 20.43 percent, to $2.77 at 11:33 a.m. in Nasdaq trading. Dell advanced 27 cents, or 2.26 percent, to $12.17.

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About Ari Haruni 141 Articles
Ari Haruni is the Co-Founder & CEO of Wall Street Pit.

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