Tag Archives: hurricane ike

MEMC Electronic Materials (WFR) Lowers Q3 Sales Guidance Due to Hurricane Ike

According to StreetInsider.com, MEMC Electronics (WFR) has issued an update to its guidance following the delay of raw material deliveries from its suppliers due to the effects of Hurricane Ike.

Nabeel Gareeb, MEMC’s CEO, said, “.. some of our regional suppliers had startup difficulties primarily due to power availability, plant issues, and pipeline damage as a result of the Hurricane, preventing them from starting high volume delivery of some raw materials until yesterday. This … Read the rest