BNET Industries

Market Cap:$4.0B
Last Fiscal Year Sales:$2.0B
  • Public
  • US
Dow Jones Description

We are a vertically integrated, global leader in the manufacture and sale of wafers. Our customers include semiconductor device and solar cell manufacturers. We provide wafers in sizes ranging from 100 millimeters (4 inch) to 300 millimeters (12 inch) for semiconductor applications and 156 millimeter wafers for solar applications. Depending on market conditions, we also sell intermediate products such as polysilicon, silane gas, ingots and scrap wafers to semiconductor device and equipment makers, solar cell and module manufacturers, flat panel and other industries. Beginning in the third quarter of 2008, the uncertainty in macroeconomic conditions weakened demand for electronics and subsequently wafers for semiconductor applications. This uncertainty continued though the 2008 fourth quarter and further accelerated in the 2009 first quarter and was exacerbated by our customers continued inventory reduction efforts. This resulted in continued reductions in our volumes and pricing pressure on all semiconductor application wafer diameters. While we have recently seen increases in semiconductor demand from the first quarter of 2009 to the second quarter, the demand is still below normal levels experienced prior to the fourth quarter of 2008. We have also seen continued price declines in semiconductor wafers from the first quarter of 2009 into the second quarter. ...

President & CEOAhmad R. Chatila
Number of Employees 4,600
Contact Information

501 Pearl Dr

Saint Peters, Missouri 63376-1071

memc.com

(636) 474-5000

NAICS Code Semiconductor and Related Device Manufacturing: 334413

Recent Events

  • MEMC Electronic Materials WFR NewsBite - WFR Downgraded By JP Morgan

    6/24/09 - Bond / Stock Rating - View Story

  • STOCKS NEWS US-Paccar investor employs buy-write strategy

    6/24/09 - Bond / Stock Rating - View Story

  • MEMC names Hernandez to board

    5/14/09 - Board Member - Entering - View Story

  • Conergy to sue MEMC over solar wafer contract

    4/27/09 - Lawsuit Filed - View Story

  • Conergy to cancel contract with MEMC

    4/24/09 - Joint Venture / Alliance - View Story

  • Notable Analyst Rating Changes 4/22: F, CAT, BRCD, FDX Upgraded; NBR, CCO, HAL, WFR, FITB...

    4/22/09 - Bond / Stock Rating - View Story

  • Conergy to cancel contract with MEMC

    4/20/09 - Joint Venture / Alliance - View Story

  • Needham & Co Initiates Coverage on MEMC Electronic Materials WFR

    4/20/09 - Bond / Stock Rating - View Story

  • MEMC Electronic Materials "overweight," target price reduced

    4/14/09 - Bond / Stock Rating - View Story

  • BRIEF-Piper Jaffray downgrades MEMC Electronic Materials

    4/13/09 - Bond / Stock Rating - View Story

  • MEMC sales down 57%

    4/24/09 - Financial Announcement - View Story

  • FedEx among 5 stocks on a tear

    4/11/09 - Bond / Stock Rating - View Story

  • Analyst Slashes Estimates on MEMC WFR; Sees Continued Deterioration in Solar Markets

    4/06/09 - Bond / Stock Rating - View Story

  • UPDATE 1-MEMC slashes Q1 gross margin view, shares fall

    4/09/09 - Financial Announcement - View Story

  • Stocks in the Spotlight Friday

    2/13/09 - Bond / Stock Rating - View Story

  • Suntech: High Hopes for U.S. to Lead Solar Market Rebound

    2/18/09 - Joint Venture / Alliance - View Story

  • ST. PETERS, Mo., Feb. 5 /PRNewswire/ -- ST. PETERS, Mo., Feb. 5 /PRNewswire-FirstCall/ -- MEMC...

    2/09/09 - Board Member - Entering - View Story

News & Analysis

memc electronic materials inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Ahmad R. Chatila President & CEO
Kenneth H. Hannah Senior Vice President, Cfo
Mike Cheles Vice President It & CIO
Chandramohan Subramaniam Senior Vice President
John A Kauffmann Senior Vice President Sales & Marketing.
Jonathon P. Jansky Senior Vice President, Operations
Shaker Sadasivam Senior Vice President, Research and Development
Sylvia Roberts-Toomer Senior Vice President
Thomas E Linnen Senior Vice President
Thomas P. Stiffler Senior Vice President, HR
Brad Kohn Vice President & General. Counsel
Bill Michalek Director, Investor Relations
Brent W. Avants Director, Marketing Comm
Brett W Avants Director, Global Communications
Janine Orf Director, Investor Relations
Jim Donaldson Director, Sales & Marketing
Sheila O'Connell Manager, Marketing Communications
Steven M. Joslin Engineering Manager
Mignon Cabrera Senior Vice President, Human Resources
C. Douglas Marsh Director

Board of Directors

Name (plus bio) Position
Emmanuel T. Hernandez Board of Directors
James B. Williams Board of Directors
John W. Marren Chairman of the Board of Memc and Partner, Texas Pacific Group
Marshall C Turner Board of Directors
Michael M McNamara Board of Directors
Peter Blackmore Board of Directors
Robert J. Boehlke Board of Directors
William E. Stevens Chairman

Ahmad became President and Chief Executive Officer and a member of the Board of Directors in March 2009. Prior to MEMC Ahmad served as Executive Vice President of the Memory and Imaging Division, and head of global manufacturing for Cypress Semiconductor. In these roles, he was responsible for strategy, financial performance and revenue growth for the Memory and Imaging Division, as well as global manufacturing for all divisions of Cypress. Previously Ahmad served as managing director of Cypress' Low Power Memory Business Unit. Prior to these roles at Cypress, Ahmad served in sales at Taiwan Semiconductor Manufacturing Co. (TSMC). Ahmad holds a bachelor’s degree in Electrical Engineering from Arizona State University, a masters degree in Electrical Engineering from Cornell University, and has completed the Stanford Executive Program at Stanford University.

Organization Position Status
MEMC Electronic Materials, Inc. President & CEO Current
Cypress Semiconductor Corporation Executive Vice President, Memory and Imaging Division Current
Wirelessusb Executive Vice President, Memory and Imaging Division Current
Esamm Executive Vice President, Memory and Imaging Division Current
MEMC Electronic Materials, Inc. Class II Director Current
MEMC Electronic Materials, Inc. Board of Directors Current
Cypress Semiconductor Corporation Head of Global Manufacturing Former
The Cypress Former
Cornell University Master's Degree In Electrical Engineering Former
Arizona State University Bachelor's Degree In Electrical Engineering Former
Stanford University Stanford Executive Program Former

Ken joined MEMC in April 2006 as Senior Vice President and Chief Financial Officer. He was most recently employed by The Home Depot, where he was the Senior Vice President, Operations, covering all aspects of The Home Depot's operations in the United States, Mexico, and Canada. Prior to that, he served as Senior Vice President, Finance, supporting all Home Depot stores in the United States and Mexico, as well as store operations and the global supply chain. Before Home Depot, Ken worked as Vice President for the Boeing Company where he led the audit and financial planning functions. He also held senior finance positions at several GE divisions earlier in his career. Ken holds a Bachelor of Science degree in Finance from Southern Illinois University and an MBA from Saint Louis University.

Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President, Cfo Current
Saint Louis University MBA Former
Southern Illinois University Bachelor of Science Degree In Finance Former

Mike joined MEMC in September 2006 as Vice President, Information Technology and Chief Information Officer. Prior to joining MEMC, he was a Director of Information Technology for the Uniprise Division of United HealthCare, in Minneapolis, MN. Previous to his employment with Uniprise, Mike held key leadership roles in information technology at Hussmann Corporation in Bridgeton, MO, and at Bausch & Lomb, where he was based in the United Kingdom. Mike began his career in supply chain management at C. H. Dexter, a specialty non-wovens manufacturer in Windsor Locks, Connecticut. He then worked for Accenture in Hartford, Connecticut, as a manufacturing Consulting Manager, before joining Bausch & Lomb. Mike holds a Bachelor of Arts in Operations Management from Michigan State University and an MBA from Washington University, in St. Louis, MO.

Organization Position Status
MEMC Electronic Materials, Inc. Vice President It & CIO Current
Michigan State University Bachelor of Arts In Operations Management Former
Washington University MBA Former
Michigan State University Bachelor of Arts In Operations Management Former
Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President Current

John was appointed Senior Vice President, Worldwide Sales, Customer Service, and Marketing in October 2004. He joined MEMC in 1980 and worked in a variety of engineering and management positions. From 1995 to 2001, John worked as Technology Director at Taisil Electronic Materials, MEMC's joint venture in Taiwan. In 2001, John returned to MEMC's Corporate Headquarters in St Peters to work as Director of Product Marketing. In 2003, John was promoted to Vice President of Marketing and most recently was appointed to Senior Vice President of Sales, Customer Service, and Marketing. John holds a Bachelor of Science degree in Mechanical Engineering. He has also served as Chairman of the Silicon Manufacturer's Group (SMG), in the SEMI organization.

Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President Sales & Marketing. Current
Taisil Electronic Materials Corporation Technology Director Former
MEMC Electronic Materials, Inc. Director of Product Marketing Former
MEMC Electronic Materials, Inc. Engineering & Management Positions Former
Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President, Operations Current

Shaker has been with MEMC since 1993, currently serving as Senior Vice President, Research and Development. He has also served as president of MEMC Japan, director of U.S. technology, corporate director for operations technology and director of R&D for MEMC Korea. In these positions, he has played a key role in developing proprietary technologies for MEMC. Shaker holds doctorate and master’s degrees in chemical engineering and a master’s degree in business administration.

Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President, Research and Development Current
Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President Current
Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President Current
Trend Technologies LLC CFO Former
Trend Technologies LLC Senior Vice President Former
Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President, HR Current

Brad joined MEMC in September 2005 as Vice President and General Counsel. Prior to joining MEMC, Brad was a Partner with Pillsbury Winthrop Shaw Pittman LLP, an international law firm, in their Palo Alto office. With Pillsbury, he represented a variety of leading Silicon Valley technology companies in mergers and acquisitions, corporate securities transactions and general corporate matters. Brad holds a Juris Doctor degree from the University of Michigan Law School and a Bachelor of Business Administration degree from the University of Wisconsin in Accounting, Finance and Real Estate and Urban Land Development.

Organization Position Status
MEMC Electronic Materials, Inc. Vice President & General. Counsel Current
MEMC Electronic Materials, Inc. General Counsel Current
The University of Michigan Law School Juris Doctor degree Former
University of Wisconsin Bachelor of Business Administration Degree Former
Organization Position Status
MEMC Electronic Materials, Inc. Director, Investor Relations Current
MEMC Electronic Materials, Inc. Board of Directors Current
Organization Position Status
MEMC Electronic Materials, Inc. Director, Marketing Comm Current
Organization Position Status
MEMC Electronic Materials, Inc. Director, Global Communications Current
MEMC Electronic Materials, Inc. Board of Directors Current
Organization Position Status
MEMC Electronic Materials, Inc. Director, Investor Relations Current
Organization Position Status
MEMC Electronic Materials, Inc. Director, Sales & Marketing Current
Organization Position Status
MEMC Electronic Materials, Inc. Manager, Marketing Communications Current

Steven M. Joslin, Ph.D., Director of Manufacturing Dr. Joslin is a former engineering manager at MEMC Electronic Materials, Inc. where he was responsible for technology transfer, development, and continuous improvement of Cz growth processes. Dr. Joslin received his undergraduate, masters and doctorate from the University of Tennessee. He holds two patents.

Organization Position Status
Luna Innovations Inc Director of Manufacturing Current
MEMC Electronic Materials, Inc. Engineering Manager Current
The University of Tennessee Masters and Doctorate Former
Organization Position Status
MEMC Electronic Materials, Inc. Senior Vice President, Human Resources Current
Samsung Telecommunications America LLP Vice President of Human Resources and General Affairs Former
Samsung Telecommunications America LLP Senior Director, HR Former

Mr. Marsh was most recently Vice President Business Integration & U.S. Institutional Investor Relations of ASML US, Inc., a supplier of photolithography equipment to the semiconductor industry, a position he held from 2000 until his retirement in April 2004. From 1991 to 2000, Mr. Marsh held a variety of executive management positions with ASML. Mr. Marsh serves on the Board of Directors of ATMI, Inc.

Organization Position Status
ATMI, Inc. Board of Directors Current
MEMC Electronic Materials, Inc. Director Current
MEMC Electronic Materials, Inc. Vice President, Worldwide Sales and President, U.S. Operations Former
ASML Holding N.V. Vice President, Business Integration Former
Organization Position Status
MEMC Electronic Materials, Inc. Board of Directors Current
Organization Position Status
MEMC Electronic Materials, Inc. Board of Directors Current

Array

Organization Position Status
Quantenna Communications, Inc. Partner Current
SMART Modular Technologies, Inc. Chairman of the Board Current
ON Semiconductor Corporation Chairman of the Board Current
Assent LLC Board of Directors Current
Celerity Group Inc. Board of Directors Current
MEMC Electronic Materials, Inc. Director Current
Wall Street Concepts, Inc. Board of Directors Current
Alltel Service Board of Directors Current
Axcess, Inc. Board of Directors Current
Isola Board of Directors Current
Smart Modular, Inc. Board of Directors Current
SunGard Board of Directors Current
Simple Freedom Board of Directors Current
TOUCH2TALK Board of Directors Current
Quantenna Communications, Inc. Board of Directors Current
Conexant Korea, Ltd. Board of Directors Current
Alex. Brown & Sons Incorporated Managing Director Former
Morgan Stanley Managing Director Former
Texas Pacific Group, LLC Partner Former
Alex. Brown & Sons Incorporated Senior Semiconductor Analyst Former
VLSI Technology Former
Network General Corporation Former
Conexant Systems, Inc. Board of Directors Former
SMART Modular Technologies, Inc. Director Former
ON Semiconductor Corporation Director Former
University of California, Santa Barbara B.S. in Electrical Engineering Former
University of California B.S. In Electrical Engineering Former
Organization Position Status
MEMC Electronic Materials, Inc. Board of Directors Current
National Datacast, Inc. Board of Directors Current
Toppan Photomasks, Inc. chief executive officer Former
MEMC Electronic Materials, Inc. Interim CEO Former
Toppan Printing Co., Ltd. Chief Executive Officer Former
DuPont Photomasks, Inc Chief Executive Officer Former
Toppan Photomasks, Inc. Chairman Former
DuPont Photomasks, Inc Chairman Former
DuPont Photomasks, Inc Board of Directors Former
Stanford University master's degree in product design Former
Stanford University Bachelor's Degree In Mechanical Engineering Former
Organization Position Status
MEMC Electronic Materials, Inc. Board of Directors Current

Peter Blackmore has served as our Chief Executive Officer and President and as a director since July 2008, and served as our President and Chief Operating Officer from July 2007 to June 2008. From 2005 until he joined the Company, Mr. Blackmore served as Executive Vice President in charge of world-wide sales, marketing and technology at Unisys Corporation. Prior to joining Unisys in 2005, he served as Executive Vice President of the Customer Solutions Group at Hewlett-Packard Company from 2004 and as Executive Vice President of the Enterprise Systems Group from 2002 through 2004. From 1991 until its acquisition by Hewlett-Packard in 2002, Mr. Blackmore served in a number of senior management positions with Compaq Computer Corporation, most recently as its Executive Vice President of worldwide sales and services from 2000 through 2002. Mr. Blackmore holds an M.A. in Economics from Trinity College, Cambridge, U.K.

Organization Position Status
UTStarcom, Inc. Chief Executive Officer Current
Unisys Corporation Executive Vice President, World-wide Sales, Marketing and Technology Current
StreamServe AB Board of Directors Current
MEMC Electronic Materials, Inc. Board of Directors Current
UTStarcom, Inc. Board of Directors Current
Devine Capital Partners, LLC Board of Directors Current
UTStarcom, Inc. President Former
UTStarcom, Inc. Chief Operating Officer Former
Hewlett-Packard Company Executive Vice President, Customer Solutions Group Former
Hewlett-Packard Company Executive Vice President, Enterprise Systems Group Former
Unisys Corporation Board of Directors Former
Trinity College M.A. in Economics Former
Organization Position Status
MEMC Electronic Materials, Inc. Board of Directors Current
Tessera Technologies, Inc. Board of Directors Current
KLA-Tencor Corporation chief financial officer Former
KLA-Tencor Corporation executive vice president Former
Harvard University master's degree in business administration Former
United States Military Academy bachelor's degree in science Former

Array

Organization Position Status
MEMC Electronic Materials, Inc. Chairman Current

Executive News

  • UTStarcom Cuts Jobs by 50%, Narrows Focus to China, India

    Converge! Network Digest - 6/14/09 - View Story

  • UTStarcom Cuts 2,300 Jobs

    Light Reading - 6/12/09 - View Story

  • UTStarcom Cutting Staff by Half

    Light Reading - 6/11/09 - View Story

  • UTStarcom Announces Corporate Initiatives to Improve Financial Performance

    PR Newswire - 6/11/09 - View Story

  • OTC Stock Review Stocks in Motion for Wednesday, June 10, 2009 are GetFugu, Deutsche Telekom AG, UTStarcom, Inc., and Microchip Technology Inc.

    TMC Net - 6/11/09 - View Story

  • UTStarcom to Host a Conference Call to Discuss Company Initiatives on Thursday, June...

    Reuters - 6/09/09 - View Story

  • UTStarcom to Host a Conference Call to Discuss Company Initiatives on Thursday, June 11, 2009

    DMN Newswire - 6/09/09 - View Story

  • UTStarcom to Host a Conference Call to Discuss Company Initiatives on Thursday, June 11, 2009

    Forbes.com - 6/09/09 - View Story

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     WFR $27.57 +9.53 (52.83% )
Average Volume 5,775,860
Shares Outstanding 223.49M
Market Cap 6.2B
Year High 57
Year Low 10
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door
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