MEMC Electronic (WFR) Gets One Supply Deal, Loses One

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02:05:10 pm on July 10, 2008

MEMC Electronic (WFR) announced a $3 billion supply deal with Tawain’s Tainergy Tech over a 10 year period and has the right to buy 10% of Tainergy.  Tempering the good news a bit was the reduction of a deal with Conergy which has been cut from a 10 year $7-8 billion deal to about $4 billion.  All in all, a wash today for MEMC Electronic

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