MEMC Electronic (WFR) +2.8% premarket after issuing downward guidance for Q4 EPS and revenues....

|By:, SA News Editor

MEMC Electronic (WFR) +2.8% premarket after issuing downward guidance for Q4 EPS and revenues. CEO Ahmad Chatila: "We responded to the continuing cyclical downturn in the semiconductor industry and the severe market disruption in the solar market by taking decisive action through a significant restructuring."