January 2005

NVE Technology Agreement With Cypress Results in MRAM Samples.

NVE Corporation today confirmed that MRAM alpha samples recently announced by Cypress Semiconductor Corporation are covered by NVE's technology agreement with Cypress.

MRAM is a revolutionary memory that uses electron spin to store data. On January 27, 2005 Cypress announced it had provided fully functional 256- kilobit alpha samples.

Read the full story Posted: Jan 31,2005

Cypress Reports Fourth Quarter 2004 Results, Sampling MRAM

Silicon Magnetic Systems (Cypress' MRAM subsidiary) provided alpha samples of its 256-Kbit MRAM device to seven key customers, two of which have indicated that the MRAMs are fully functional in initial system tests and five that are currently developing evaluation systems. MRAM is a fast-write, easy-to-use technology combining the best characteristics of volatile and non-volatile memories.
Read the full story Posted: Jan 27,2005

NVE Awarded DoD Contract to Develop Next-Generation Tunnel Junctions

NVE Corporation announced today that it has been awarded a contract for approximately $520,000 by the Defense Advanced Research Projects Agency (DARPA) to develop next-generation spin-dependent tunneling (SDT) junctions.

NVE will optimize and demonstrate high-sensitivity SDT junction designs using computerized nanostructure characterizations and atomic simulations to be developed by the University of Virginia and Oxford University (England).

Read the full story Posted: Jan 26,2005

Magnetic logic becomes practical

Researchers from Stanford University have improved a way to program MRAM to carry out computations. The researchers' magnetic memory processor allows logic configurations to be optimized for a given program. It could eventually be used to fulfill different control functions -- like running a washing machine, and automatic brake system, a remote control, or a mobile phone -- without having to change the hardware layouts of a computer chip.

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Read the full story Posted: Jan 26,2005

All Dip and No Chip: A fool.com NVE report

The fool says - "As we reported back in August 2004, when the stock was trading around $35, until we see some public validation of NVEC's technology, there is little propping up this stock even at these much lower levels.
Should the promises materialize, we have a disruptive technology on our hands. And that's when we might consider NVE Corp. worthy of inclusion in our Rule Breaker portfolio. Until then, we'll keep watching -- come and join us"

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Read the full story Posted: Jan 24,2005

NVE Corporation Reports Third Quarter Fiscal 2005 Results.

Net income for the third quarter was $375,172, compared with net income of $577,156 for the prior-year quarter. Earnings per share were $0.08 per share, compared to $0.12 per share for the prior year quarter. Revenue was $2.56 million, compared to $3.12 million for the prior-year quarter, a decrease of 18 percent.

"We are satisfied with our financial results in light of industry conditions," said Daniel A. Baker, Ph.D., NVE's president and chief executive officer. "We reported a solid profit in the third quarter despite a decline in revenues due to an anticipated sales reduction with St. Jude Medical and an industry-wide inventory glut. We expect new sensors and couplers, as well as MRAM devices and royalties, to drive future growth."

Read the full story Posted: Jan 19,2005