Memory Corp Plc says its performance for the six months to June 30 was in line with analyst expectations and it is confident that it will be able to continue growing in the future. The Edinburgh, Scotland-based application specific integrated circuit, dynamic RAM modules and flash memory cards company, saw its revenue increase by over 3,000% to 2.8m pounds, and a reduction in net losses to 1.2m pounds from 3.1m pounds at the same time last year. Memory says the half year saw it making significant progress in de-coupling itself from fluctuations in dynamic RAM pricing – by withdrawing from the new chips for old memory chip repair business by which it was best known – and says the next six months will see it concentrating on selling application specific integrated circuit intellectual property and licensing its use (CI No 3,110). The 40-person plus organization that also has an office in San Mateo, California, says it will pursue an internal development and technology acquisition strategy in future to speed development of new memory products, and hopes to spend time developing its presence in the flash memory market.
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