2013-02-21

Rubicon Technology Makes Disappointing Fourth Quarter 2012 Results

Rubicon Technology, Inc. has reported financial results for its fourth quarter ended December 31, 2012. The Company reported fourth quarter revenue of $20.0 million as compared with $19.9 million in the prior quarter. Revenue from six-inch wafer sales showed another sequential increase to $17.5 million from $16.4 million in the prior quarter, a 7 percent increase. Due to low industry pricing for two through four inch core products, the Company decided to sell a limited quantity of those products in the quarter. Raja Parvez, President and CEO of Rubicon Technology, comm...
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2013-02-12

Illumitex Technology Available Includes Five Patent Families and 17 applications

Pluritas, LLC, an intellectual property transaction advisory firm, is conducting the sale of a strategic LED patent portfolio from Illumitex, Inc., an LED innovator and maker of optically advanced lighting products. The Illumitex portfolio includes five patent families and 17 applications, each related to novel approaches for improving LED extraction efficiency and for chip shaping. The IP rights capture years of innovation and R&D relevant to the multi-billion-dollar market for LED chips.
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2013-01-30

Philips Reports Fourth Quarter and Annual Results 2012

Philips operational results improved by 50% to EUR 875 million, while net income was impacted by significant charges in Q4 •    Deal signed to transfer Audio, Video, Multimedia and Accessories business to Funai Electric Co., Ltd.     •    Comparable sales increased 3%; growth geographies up 10%     •    EBITA excluding restructuring and other charges increased by 50% to EUR 875 million, or 12.2% of sales; reported EBITA of EUR 50 million     •&nbs...
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2013-01-23

Cree Reports Financial Results for Q2 of Fiscal Year 2013

Cree, Inc. (Nasdaq: CREE), announced revenue of $346.3 million for its second quarter of fiscal 2013, ended December 30, 2012. This represents a 14% increase compared to revenue of $304.1 million reported for the second quarter of fiscal 2012 and a 10% increase compared to the first quarter of fiscal 2013. GAAP net income for the second quarter was $20.4 million, or $0.18 per diluted share, an increase of 69% year-over-year compared to GAAP net income of $12.1 million, or $0.10 per diluted share, for the second quarter of fiscal 2012. On a non-GAAP basis, net income for...
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2013-01-14

Needham & Company Reiterates a Buy Rating on Cree

Needham & Company reiterated a Buy rating on Cree and raised its price target to $36.00 (from $32.00). The increased price target relates to analysts' view that LED lighting has "Come of Age". "We expect initial adoption of LED will be in the high-end commercial and outdoor segments, where we believe Cree's chip performance and integration are crucial to achieving strong adoption," said analyst Y. Edwin Mok. Mok thinks Cree has an advantage that will allow it to charge premium prices and drive strong margins.  ...
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2013-01-11

Dialight Surges on Lighting Segment Revenues

Dialight saw its share price soar 38p to 1,053 as it announced a contracts bonanza that has meant doubling the sales force to keep pace with demand. The company had reported strong revenue growth in the segment in November driven by adoption of LED based lighting products. Now Dialight reveals that lighting segment revenues have grown by over 70 per cent versus the full year of 2011 and by almost 80 per cent in comparison to the second half. The sales force has more than doubled over the prior year and is expected to continue to grow strongly. Lighting sales growth has ...
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2013-01-11

LED Engin Completes Its Series E Financing

LED Engin, Inc., a California-based solid-state lighting company specializing in high lumen density LED lighting components and optics, announced the successful completion of its Series E financing. As part of the Series E initial funding announced in April 2012, LED Engin was given the option of additional investment by lead investor GVT after achieving certain performance-related measures including revenue growth goals.  LED Engin successfully met all of the objectives increasing the overall funding in the round.  In parallel, LED Engin welcomes new...
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2013-01-04

Rubicon Technology Closes $25 Million Secured Revolving Credit Facility

Rubicon Technology, Inc. announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank. “This undrawn credit facility bolsters Rubicon’s strong liquidity position,” said William Weissman, Chief Financial Officer of Rubicon Technology. “We believe it is prudent to establish this additional financial flexibility for the future,” he concluded. Rubicon currently has no debt. The terms and conditions of the credit facility will be described in the company’s filings with the Securities and E...
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2012-12-04

CRS Electronics Reports Q3 2012 Financial Results

CRS Electronics Inc. reported financial  results for the three and nine month periods ended September 30, 2012. For the three months ended September 30, 2012, the Company reported sales of $607,000 and a net loss of $1.2 million or $0.02 per share as compared to sales of $461,000 and a net loss of $158,000 or $0.00 per share in the same period one year ago. For the nine months ended September 30, 2012, the Company reported sales of $2.6 million and a net loss of $3.3 million or $0.06 per share. This compares to sales of $1.6 million and a net loss of $1.2 million or $0.03...
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2012-11-20

Veeco Files Form 12b-25 Notification of Late Filing

According to Veeco, it has filed a form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission (“SEC”) relating to the Company’s report on Form 10-Q for the period ended September 30, 2012. Additional time is needed because the Company is in the process of evaluating the timing of recognition of revenue on the sale of certain MOCVD systems and related upgrades to these systems.   John R. Peeler, Veeco’s Chairman and Chief Executive Officer, stated, “We are currently reviewing the timing of re...
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2012-11-13

China’s Sanan to Join 19.9% Shares of Taiwanese Formosa Epitaxy

Taiwanese LED chip supplier Formosa Epitaxy Inc has announced to intend to issue as many as 120 million new shares at NT$19.6 per share to China’s Sanan Optoelectronics Co.by a private placement. Through the NT$2.35 billion (US$80.8 million) deal, Sanan Optoelectronics will acquire 19.9 percent of Formosa Epitaxy via its 100-percent owned Xiamen subsidiary and will become the firm’s largest shareholder, ahead of Japan’s Mitsui & Co, which holds 15 percent. According to Formosa Epitaxy said in a filing to the Taiwan Stock Exchange, t...
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2012-11-07

Rubicon Technology’s Q3 2012 Revenue Increased to $19.9 million

Rubicon Technology, Inc. (NASDAQ:RBCN), a leading provider of sapphire substrates and products to the LED, RFIC, semiconductor, and optical industries, reported financial results for its third quarter ended September 30, 2012. The Company reported that third quarter revenue increased to $19.9 million from $17.0 million in the prior quarter driven by strong six-inch sapphire wafer sales. Revenue from six-inch wafer sales increased 62 percent sequentially as demand increased from both the Silicon-on-Sapphire and LED markets. Due to low industry pricing for two ...
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2012-10-30

Lighting retrofits workable in Lake County

      There is a program for Pacific Gas and Electric Company (PG&E) commercial customers in Lake County by Lake County Energy Watch, to help improve energy efficiency and save money.   The Energy Fitness Program offers lighting retrofits at no- or low-cost for customers whose electrical demand is 200 kilowats or less per month.   These retrofits are available to small businesses, nonprofit organizations and special districts, as well as city, state and federal facilities located in Lake County. The retrofits include four- and ...
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2012-10-25

AIXTRON: Slower Than Expected Recovery of Demand leads to EUR 51.5m Inventory Write-Downs

The Company will not Return to Profitability within the Current Year. AIXTRON SE (ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the global semiconductor industry, wrote down EUR 51.5m of inventory due to a significantly slower than expected recovery of demand for MOCVD equipment. The devaluation followed a comprehensive review of Inventory held, which concluded that despite the positive long-term outlook for the LED industry, the existing stock held was inappropriately high in comparison to the current subdued level of demand ...
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2012-10-25

Taiwan I Chiun Precision Industry Co. Makes Good Marks in Q3 Sales

Taiwan’s LED makers have made good marks in sales for the third-quarter peak season. I Chiun Precision Industry Co., claimed that its Q3 profits were up an astounding 350% from its total for the first half of 2012. I Chiun Precision reported after-tax profits of US$3.66 million in Q3, more than three and a half times its first-half profits of US$1.031 million. The firm’s after-tax profit for the first three quarters totaled US$4.7 million, yielding earnings per share (EPS) of US$ 0.023. And the company spokesman B.R. Yang pointed out that with ...
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2012-10-24

Veeco Q3 2012 Financial Results Reduce by Lack of MBE & MOCVD Orders

Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the third quarter ended September 30, 2012. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items.   Third Quarter 2012 Results John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco’s third quarter revenue was $127 million, and adjusted EBITA and non-GAAP earnings per share were $17 million and $0.34, in line with our guidanc...
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2012-10-22

Philips' Q3 LED Sales Grew by 51%

Philips reports third-quarter comparable sales growth of 5% to EUR 6.1 billion; EBITA of EUR 450 million • Comparable sales up 5%, with all three sectors contributing to growth • Sales in growth geographies up 10% on a comparable basis, now representing 36% of total revenue • Reported EBITA of EUR 450 million, or 7.3% of sales • Net income of EUR 170 million • Free cash flow of EUR 395 million   Q3 financials: Strong growth at Healthcare and growth businesses in Consumer Lifestyle. Profit margin improvements for the G...
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2012-10-17

Cree Reports Financial Results for the First Quarter of Fiscal Year 2013

Quarterly Revenue increased 17% year-over-year to a record $316 million; Quarterly Net Income increased 26% year-over-year to $16.1 million Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $315.8 million for its first quarter of fiscal 2013, ended September 23, 2012. This represents a 17% increase compared to revenue of $269.0 million reported for the first quarter of fiscal 2012 and a 3% increase compared to the fourth quarter of fiscal 2012. GAAP net income for the first quarter was $16.1 million, or $0.14 per diluted share, a...
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2012-10-15

Taiwan LiteOn Receives New High Sales in Sept. Revenues

Taiwan LiteOn Technology Corporation has hit a two-year monthly high in September revenues, benefiting from its cloud computing server power- management and LED products. The company’s PC peripherals has enjoyed new highs in sales as the coming launch of Win 8 from Microsoft, sales of related products for notebook and tablets as keyboard and mouse will boom. The company’s global combined revenues in September reached US$ 360.66 million, rising 4% month on month (MoM), up 6% YoY, hitting a two-year monthly high, with first-nine-month global combined rev...
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2012-10-10

Taiwan’s Unity Opto and Lextar Made Good Marks in Revenue in September

Taiwan’s Unity Opto and Lextar have made good marks in revenue in September.Unity Opto’s revenue reach a new high of US$30 million in September while Lextar’s consolidated revenue of US$33.5 million for the month hit a hit a 26-month high. Unity Opto pointed out that its growth potential remains strong in October thanks to mainland China’s subsidization to LCD TV consumers and rollouts of touch-screen laptops by many PC makers. Both drive up demands for LED backlights, a major product at Unity and Lextar. In particular, Unity Opt...
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2012-09-26

Lighting Science Group Concludes Final Tranche of $168 Million Equity Raise

Company Closes on $49 Million Equity Investment by World-Class Institutional Investors Expected to Allow Company to Meet Growing Product Demand, Maintain Market Leadership Position and Accelerate its Drive to Profitability Lighting Science Group Corporation announced that it has closed on $49 million in preferred stock financing, representing the final tranche of the $168 million equity financing first announced by the Company on May 29, 2012 and surpassing the financing commitments disclosed at that time. The latest funding tranche was provided by Zou...
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2012-08-31

CRS Electronics Announced 2012 Q2 Financial Results

CRS Electronics Inc. has announced financial results for the three and six month periods ended June 30, 2012. For the three months ended June 30, 2012, the Company reported sales of $687,700 and a net loss of $0.02 per share as compared to sales of $614,900 and a net loss of $0.02 per share in the same period one year ago. For the six months ended June 30, 2012, the Company reported sales of $2.0 million and a net loss of $2.1 million or $0.05 per share. This compares to sales of $1.2 million and a net loss of $1.1 million or $0.03 per share for the same six-month period l...
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2012-08-15

Energy Focus Releases Financial Results for Q2 of 2012

Energy Focus, Inc. announced financial results for the second quarter ended June 30, 2012.   Financial results for the second quarter of 2012 include the following: --  Net sales were $7.7 million compared to $8.2 million for the second quarter of 2011. --  Gross margins improved to 22.2 percent of net sales compared to 18.9 percent of net sales for the second quarter of 2011. --  The net loss of $0.9 million improved $0.3 million compared to the second quarter's 2011 net loss of $1.2 million on $0.5 million lower sales.      &...
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2012-08-14

Taiwan LED Makers Operation Results Impacted by European Debt Crisis

Looking at Taiwan LED makers’ operation results, it turns out that the debt crisis will impact them to different degrees in the second half. Unity Opto Technology, had revenue of NT$785 million (US$26.2 million) in July, a 10% month-on-month (MoM) increase and a record monthly high. The company attributed the record monthly high to many positive factors including additional orders from customers for new products, increasing demand from LED backlighting modules, increasing shipments of LCD TVs and tablet PCs from Taiwan-based EMS (electronics manufact...
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2012-08-14

Onteco Corporation Received $2.9 million Stock under Its First International Licensing Agreement

Onteco Corporation, had received 2,037,948 shares of common stock of a publicly-traded company currently listed on the Frankfurt Stock Exchange. The stock is presently valued at $2.9 million U.S. dollars and is part of the payment due under the terms of the international licensing agreement signed April 30, 2012, with JARLYN S.A., ("JARLYN") a Uruguayan corporation, for Onteco's  proprietary LED intellectual property ("IP"), developed by its subsidiary, NexPhase Lighting, Inc. ("NexPhase"). Under the terms of t...
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2012-08-13

Lextar Reports 2Q 2012 Financial Results: Gross margin 15.1%, EPS NT$ 0.3

Lextar Electronics Corp. (“Lextar” or the “Company) (TAIEX: 3698) announced its results for the second quarter of 2012. The Company reported consolidated revenue of NT$ 2,611 million, up 19% from the previous quarter and near 10% of YoY increase.  Gross profit was NT$ 650 million with the gross margin of 15.1%, a 3.2 percentage point QoQ growth.  Lextar’s consolidated net profit for the second quarter of 2012 was NT$ 126 million, EPS NT$ 0.3. For the first half of 2012 Lextar’s consolidated revenue reported NT$ 4,805 million with an EPS of NT$ 0.3.
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2012-08-09

Toyoda Gosei Recovers Its Q1 LED Revenue up to 55 Billion Yen

Toyoda Gosei has undergone a hard time in the first half of 2011, but its revenue firmed up till second half, to 4th quarter was fully restored. And yet its Q1 revenue of 2012 also keeps the very successful performance just like Q4 last year, even the company increase profit forecast for Q2. The LED department of Toyoda Gosei had hard time when Q3 of 2011 as well. Until the new LED product line which Saga factory lead in goes into MP and the demands of Tabled PC backlighting with LED potted elements increased, Q4 revenue recovered remarkably. Besides, the revenu...
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2012-08-08

Cree Reports Financial Results for Q4 and Fiscal Year 2012

Cree has announced revenue of $306.8 million for its fourth quarter of fiscal 2012, ended June 24, 2012.  This represents a 26% increase compared to revenue of $243.0 million reported for the fourth quarter of fiscal 2011 and an 8% increase compared to the third quarter of fiscal 2012.   GAAP net income for the fourth quarter was $10.0 million, or $0.09 per diluted share, a decrease of 49% year-over-year compared to GAAP net income of $19.8 million, or $0.18 per diluted share, for the fourth quarter of fiscal 2011. On a non-GAAP basis, net income for the fourth qu...
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2012-08-08

Everlight, Lextar, Unity Opto Announces Mixed Revenue Results for July

Taiwan major LED companies Everlight, Lextar, Unity Opto Technology Co have released mixed results for July. Everlight’s revenue fall 4.83% Everlight’s filing with the Taiwan Stock Exchange has shown that its revenue fall 4.83 percent to NT$1.42 billion (US$47.4 million) last month from June. The company attributed the decline to shorter working days, as employees went on annual leave. On an annual basis, last month’s sales grew 5.6 percent from NT$1.34 billion a year earlier. Accumulated revenue for the first seven months of the year totale...
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2012-08-06

GT Advanced Technologies Inc. Announces Results for Quarter Ending June 30, 2012

GT Advanced Technologies Inc. (NASDAQ: GTAT) reported results for the second quarter of calendar year 2012, which ended June 30, 2012. Effective April 16, 2012, the company changed its fiscal year-end to December 31. The second quarter of calendar 2012 is the first quarterly period of the company’s nine month transition period ending December 31, 2012. Revenue for the second quarter of calendar 2012 exceeded the company’s previously issued guidance at $167.3 million, compared to $353.9 million in the first quarter of calendar 2012 and $231.1 million in th...
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Osram Opto Semiconductors now enables remote control functionality to be incorporated in a lower profile than ever before thanks to the first flush-mountable infrared LED. The compact side-looking T-shaped Midl... READ MORE

Cree, Inc. introduces the new 8000-lumen LMH2 LED Module, a no-compromise, easy-to-use solution for high-ceiling applications. The 8000-lumen LMH2 is designed to replace 150-watt ceramic-metal-halide (CMH) lamps while using only 63 percent of ... READ MORE