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MEMC Electronic Materials

Robust demand for semiconductors means big business for suppliers. That's especially true for MEMC Electronic Materials, which makes wafers used in a wide variety of chips. While the market for silicon wafers grew 22% last year, MEMC outpaced the industry, notching 32% growth in sales, to $1 billion. Profits did even better, skyrocketing 93%, to $226 million. Why the superior performance? Contributing heavily was the company's successful integration of its 2004 acquisition of Taisil, a Taiwanese manufacturer of wafers, opening up the Asia Pacific region. For the year, its sales in Asia Pacific jumped 82% to $441 million -- now its largest geographic market. Such success has encouraged investors, who have bid up the company's stock 48% ,to $13.75, in the past 12 months, ended June 1.

Company Info

STOCK INFO WFR
Revenues* $1.1 BILLION
Revenue Growth 28.7%
Return on Equity 51.5%
Total Return49.2%
Profits* $267.5 MILLION
Industry SEMICONDUCTORS
CORPORATE WEB SITE
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

MEMC Electronic Materials Inc. engages in the design, manufacture, and sale of electronic-grade wafers for the semiconductor industry. The company offers prime polished, epitaxial, and test/monitor wafers in sizes ranging from 100 millimeters to 300 millimeters. Its wafers are used as starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic, and power devices. These are used in computers, cellular phones, and other mobile electronic devices, automobiles, and other consumer and industrial products. The company sells it products to memory, microprocessor, and application-specific integrated circuit manufacturers, as well as to foundries worldwide. MEMC was formed in 1984 as a Delaware corporation and is headquartered in St. Peters, Mo.

No. of Employees

5,000


Data provided by Capital IQ
Nabeel Gareeb

Nabeel Gareeb

AGE: 40

Titles

President and Chief Executive Officer

CEO Bio >

Total Compensation*

$ 1.3 MILLION

Total Value of Options**

$ 22.1 MILLION

Degrees Held

NA

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Nabeel Gareeb, Thomas E. Linnen, John A. Kauffmann, Sylvia Roberts-Toomer, Shaker Sadasivam, David L. Fleisher

Board Members

Nabeel Gareeb, Robert J. Boehlke, John Marren, C. Douglas Marsh, William E. Stevens, James B. Williams


Data provided by Capital IQ
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