Polysilicon and wafer companies are suffering from increasing price competition, leading to lower than expected net profit numbers at REC and MEMC. MEMC reported sales of USD 310 millions (+9.5% q/q) and an EPS loss of 0.29 USD due to restructuring charges. REC’s sales sank by 6% q/q to NOK 2.1 billion and an EPS loss of NOK 1.52 due to one-time effects.