Tuesday, July 15, 2008

Ramtron shares slide on manufacturing defect news

Ramtron International Corp. stock fell Tuesday to its lowest level in nearly nine months after it told stockholders Monday it may be liable for customer losses stemming from a manufacturing defect in a semiconductor produced by its primary vendor.
Shares of the Colorado Springs-based semiconductor design company lost 57 cents, or 14.9 percent, to close at $3.25 in heavy trading on the Nasdaq Stock Market on Tuesday, the lowest level Ramtron stock has reached since closing at $3.22 on Oct. 19.

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