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The Company is a semiconductor foundry. It currently provides semiconductor fabrication services using 0.35 micron to 90 nanometer process technology.
The stock had been sliding this year because of the memory price slump. Tuesday's elevated trading price is still 23 percent below the stock's value at the start of the year and is a full 47 percent below the stock's $7.49 trading price this time last year.It had a bump with the speculation of a big fish bringing in money to relieve the high debt of SMI. Rumor mill has not proven out. Until it does this dog is going to keep falling of the porch.
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