Today's NLST, QUIK, SPWRA were Biggest Technology Losers : by Penny Stock Pick Alert
Penny Stock Pick Alert reports that Netlist, QuickLogic Corporation and SunPower Corporation today were Biggest Technology Stocks Loser.
(EMAILWIRE.COM, November 18, 2009 ) Dallas, TX - Netlist, Inc. (NASDAQ:NLST) plunged 34.29% to close at $4.10. The stock hit an intraday high and an intraday low of $6.09 and $3.92 respectively. In the last six months the stock went up over 1307%. Netlist, Inc., designs, manufactures and sells memory subsystems primarily for the server, high-performance computing and communications markets. The Company’s memory subsystems consist of dynamic random access memory integrated circuits, NAND flash memory and other components assembled on a printed circuit board.
QuickLogic Corporation (NASDAQ:QUIK) decreased 27.36% to end the day at $1.46 after the company announced that it has entered into definitive agreements with a select group of institutional investors to sell an aggregate of 4,305,929 shares of common stock and warrants to purchase up to an aggregate of 3,229,446 shares of common stock in a registered direct offering. The common stock and warrants will be sold in units (the Units), with each Unit consisting of (i) one share of common stock and (ii) a warrant to purchase 0.75 of a share of common stock, at a negotiated purchase price of $1.45 per Unit.
SunPower Corporation (NASDAQ:SPWRA) went down 18.51% to close at $22.19 after the company said Monday it found accounting problems at a factory in the Philippines. The San Jose business said costs of goods there may have been overstated by $1 million in the first quarter of this year and understated by about $14 million in the second quarter and $2 million in the third. These results might have to be changed if the findings of the investigation are confirmed. That should happen within 30 days, SunPower said.
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QuickLogic Corporation (NASDAQ:QUIK) decreased 27.36% to end the day at $1.46 after the company announced that it has entered into definitive agreements with a select group of institutional investors to sell an aggregate of 4,305,929 shares of common stock and warrants to purchase up to an aggregate of 3,229,446 shares of common stock in a registered direct offering. The common stock and warrants will be sold in units (the Units), with each Unit consisting of (i) one share of common stock and (ii) a warrant to purchase 0.75 of a share of common stock, at a negotiated purchase price of $1.45 per Unit.
SunPower Corporation (NASDAQ:SPWRA) went down 18.51% to close at $22.19 after the company said Monday it found accounting problems at a factory in the Philippines. The San Jose business said costs of goods there may have been overstated by $1 million in the first quarter of this year and understated by about $14 million in the second quarter and $2 million in the third. These results might have to be changed if the findings of the investigation are confirmed. That should happen within 30 days, SunPower said.
ABOUT http://www.PennyStockPickalert.com
www.pennystockpickreport.com is one of the leading stock web site that provides free stock alerts and tracks small cap penny stocks that could be on the brink of a massive breakout. If you wish to get your company featured on our website then please contact us at info @PennyStockPickReport
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