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NLST

Netlist

$0.65

-0.0451 (-6.49%)

, WDC

Western Digital

$91.58

3.14 (3.55%)

17:38
11/14/17
11/14
17:38
11/14/17
17:38

Netlist prevails in patent trial with SanDisk, Smart Modular

Netlist announced the U.S. Court of Appeals for the Federal Circuit affirmed earlier decisions from the U.S. Patent Trial and Appeal Board confirming the validity of certain claims of Netlist's U.S. Pat. Nos. 8,001,434 (434 Patent) and 8,359,501 (501 Patent). Netlist's '434 and '501 patents cover self-test technologies widely used in LRDIMMs, SSDs, and Storage Class Memory. Netlist has asserted these patents as part of a seven-patent lawsuit against SanDisk and Diablo Technologies. SanDisk and Smart Modular filed a total of six petitions for Inter Partes Review challenging the validity of these two patents, which have now been resolved in Netlist's favor by the Federal Circuit. Netlist has also asserted the '434 and '501 patents in the U.S. International Trade Commission against SK hynix's LRDIMM and RDIMM enterprise memory products. The ITC is expected to issue a final determination in its investigation of SK hynix by March 14, 2018. Any appeals from this final determination will also be heard by the Federal Circuit.

NLST

Netlist

$0.65

-0.0451 (-6.49%)

WDC

Western Digital

$91.58

3.14 (3.55%)

  • 16

    Nov

NLST Netlist
$0.65

-0.0451 (-6.49%)

08/24/17
ROTH
08/24/17
INITIATION
Target $2
ROTH
Buy
Netlist initiated with a Buy at Roth Capital
Roth Capital analyst Suji Desilva started Netlist with a Buy rating and $2 price target as he believes it is well positioned in the cloud infrastructure market through its decade plus investment in high performance memory innovation and represents a differentiated investment opportunity in emerging specialty memory technology and solutions.
08/24/17
08/24/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zimmer Biomet (ZBH) initiated with a Buy at Gabelli. 2. Foamix (FOMX) initiated with a Buy at H.C. Wainwright. 3. Netlist (NLST) initiated with a Buy at Roth Capital. 4. Flexion (FLXN) initiated with an Outperform at Northland. 5. USA Technologies (USAT) initiated with an Outperform at William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WDC Western Digital
$91.58

3.14 (3.55%)

10/13/17
COWN
10/13/17
NO CHANGE
Target $117
COWN
Outperform
Fab 6 resolution paramount to Western Digital's strategy, says Cowen
Cowen analyst Karl Ackerman said a resolution with Toshiba (TOSBF) over Fab 6 remains paramount to Western Digital's (WDC) NAND tech road map and he has confidence bargaining chips are still on the table. He believes the company's NAND business continues to be under-modeled by the Street. Ackerman has an Outperform rating and $117 price target on Western Digital shares.
10/27/17
LOOP
10/27/17
NO CHANGE
LOOP
Western Digital beat and raise quarter is 'good stuff,' says Loop Capital
Loop Capital analyst Amanda Baruah reiterated her Buy rating and $140 price target on Western Digital with conviction, after the company reported another beat and raise quarter and gave an update stating it will have legal access to NAND capacity through 2029.
10/27/17
COWN
10/27/17
NO CHANGE
Target $117
COWN
Outperform
Cowen expects Western Digital/Toshiba settlement to be amicable
Cowen analyst Karl Ackerman noted Western Digital (WDC) reported better than expected Q1 results and provided increased guidance for both Q2 and Q3. He believes its dispute with Toshiba (TOSBF) will have an amicable resolution, which will anchor its roadmap beyond 2018. Ackerman reiterated his Outperform rating and $117 price target on Western Digital shares.
11/14/17
WELS
11/14/17
INITIATION
Target $115
WELS
Outperform
Western Digital resumed with an Outperform at Wells Fargo
Wells Fargo analyst Aaron Rakers resumed coverage of Western Digital with an Outperform rating and $115 price target. The analyst also added Western Digital to his firm's Priority Stock List. He calls the company one of his top picks in IT Infrastructure & Communications Equipment.

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