Home Wealth  Money Netlist Shares Boosted By IBM, HP Deals

Netlist Shares Boosted By IBM, HP Deals

Posted: Nov. 16th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Computer memory subsystems designer Netlist is trading higher today, with greater than usual volume, after it said in a regulatory filing late yesterday it had inked deals with both IBM and Hewlett-Packard .

Netlist (nasdaq: NLST - news - people ) said it agreed to cooperate with IBM (nyse: IBM - news - people ) with respect to the qualification of Netlist's HyperCloud technology for use with IBM servers, and to engage in certain joint marketing efforts if qualification is achieved.

IBM and Netlist have agreed to commit resources and funds in support of these activities, although Netlist did give financial specifics of the deal. Netlist noted the deal is not exclusive.

Netlist and HP made a similar agreement, to cooperate on the qualification of HyperCloud technology for use with HP servers, and engage in joint marketing efforts is qualification is achieved. However, the HP agreement is exclusive for a period of time.

Market News Video produces and distributes online videos about stocks and investing.

Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

Quick Links
Real Estate
Luxury Travel
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
Current News & Features
Why the Culturally Perceptive are Heading to Austin
Dined at the Best Michelin Starred Restaurants in Asia Yet?
A Passion For Wine, Redefined
Olympic Star Torah Bright Drives Hard With Porsche
Get An Inside Look At Bang & Olufsen's Design Process
Understanding the History & Profiles of Southwest France Wines
Singapore Luxury Real Estate: Back to a Buyer's Market
Sail The Seven Seas With Ease In The Oyster 625 Bandido
The Montblanc Meisterstück Is On Point
The Winning Wines of the 2015 En Primeur Campaign
See the complete list
Featured Photo Gallery
See the complete list