Share price of LED makers tumbles due to concerns of poor demand

As fears of weakening demand for equipment such as LCD screens that use the LED bulbs, Cree closed down 8.1% to $50.18, Veeco fell 8.3% to $33.44 and Aixtron AG was 5.3% lower at $24.78.

Cree and Veeco share prices are unchanged while Aixtron is down to $24.72 in recent late trading.

Some analysts believed it is related to the combination of poor demand for LEDs and the products that use them, oversupply of the bulbs and a slowdown in the influential Asian LED market for the tumble.
 
Concerns over demand for LEDs have surfaced before, with shares of Veeco, Aixtron and Cree suffering from a similar bout of weakness last month.
 
In addition, according to a report by a Taiwanese newspaper, makers of flat screens were cutting orders to LED makers.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

LED trailblazer Lighting Science® is pleased to debut theVividGroTM line, another innovative series of commercial LED lighting solutions from the industry leader. Tailored to the agr... READ MORE

Today Lumileds introduces the new LUXEON XR-TX module, incorporating 12 LUXEON TX high-efficacy LEDs to produce 3300 lumens and 140 lm/W at nominal drive conditions*. In a convenient rigid form factor, the modules are designed to be readily co... READ MORE