Excerpted from a trade article from Nov16th at the 'Supercomputing Conference'.
"Customers running memeory intensive computing environments ,such as virtualization,Cloud computing and HPC applications,are often limited by memeory bottlenecks in their servers.The Netlist technology on HP industry standard servers increases server memory capacity and bandwidth to enhance application performance in converged infrastuctures."
Nothing to do with memory only. Server farms are putting in newer and more up to date computers. which are faster in the first place new software will also be handling faster memory and more of it. Cloud computing has more to do with using software via web not on your desktop.
I will field your question because I find it interesting.The true value camnnot be addressed because the company is in a turnaround and revenues are somewhat minor. However in time that may all change and you just might start to see those revenue and profit projections built into the stock way before those revenues have come.
That is why this is a very speculative play but potentially has the chance perhaps to be a stock capable of moving a long ways.It is a long term play at this point.