Netlist (NLST -25.9%) shares have tumbled to a mere $0.68 after the provider of server memory...

|By:, SA News Editor

Netlist (NLST -25.9%) shares have tumbled to a mere $0.68 after the provider of server memory modules badly missed Q3 estimates. Netlist blamed a major drop in sales of its mainstay PERC cache modules, and delays in ramping sales of its patent-protected HyperCloud and NVvault products. Cash and equivalents fell to $10.9M from Q2's $11.7M. (PR) (transcript)