MEMC Electronic (WFR -12.3%) shares near a 10-year low following Q1 results that showed widening...

|By:, SA News Editor

MEMC Electronic (WFR -12.3%) shares near a 10-year low following Q1 results that showed widening losses on weaker revenue in both major segments due to softer pricing and volumes. WFR says its semi wafer business appears to have bottomed in Q1 and margins should return to positive by H2, but falling solar prices likely will extend losses well into 2013.