NVE Corp. (NasdaqSC:NVEC - News) is so small, its press releases list Chief Executive Daniel Baker as the contact person. And, yes, he answers the phone himself.
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If his 63-person firm seems tiny, the technology it works on is even smaller; some circuitry is just a few atoms wide.
But Baker sees big prospects for his firm. So do others. The company's stock price rose from less than 6 in May to 45 on Sept. 2, and now trades near 33.
NVE is helping bring to market magnetic RAM, a new type of memory chip that combines the speed of RAM (random access memory) found in most PCs and the permanence of hard drive storage. Some say MRAMs could replace the $50 billion PC memory business, the $13 billion flash memory market and maybe even take a chunk out of the $30 billion hard-drive market.
"This could be as important as the development of computer memory itself," said Baker, a 45-year-old University of Minnesota Ph.D.
NVEC got the OK to trade on Nasdaq's SmallCap market in January. It has only 4 million shares outstanding, but its trading volume has been more than triple its previous daily average since late August, boosted by big sales by major shareholders James Daughton and Cypress Semiconductor Corp. Daughton, the company founder and chief technical officer, sold half his shares to cut his stake to 5.4%.
This stock is my prime split candidate.
Moon
