2010-11-02

Taiwan Epistar Predicts the Global Penetration Rate of LED-backlit TV Sets to Glow Double in 2011

According to Taiwan's largest LED chip maker Epistar President M.J. Jou's report on the sidelines of the LED Forum 2010 in Taipei, the global penetration rate of LED-backlit TV sets will likely double to 40 percent in 2011, but it expected Q4 of 2010 to remain slow. Jou also predicted that global shipments of LED TVs would grow in 2011 at twice the rate seen in 2010, but he did not offer specific figures.
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2010-11-01

Bright LED、Everlight、Harvatek’s 3Q revenues declined compared to last quarter

Bright LED's revenues for 3Q10 slipped by 6% to NT$1.41 billion, but thanks to improved product mix, gross margin up to 16.56% from 15.59% in 2Q. Operation gross profit for 3Q was NT$190 million with an operating margin of 13.52%. Pure income for 3Q was NT$143 million with an EPS of NT$0.73. In the first three quarters of 2010, the company’s revenues totaled NT$3.95 billion, and net profit reached NT$344 million with an EPS of NT$1.75.
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2010-10-29

Epistar and Formosa net profits for 3Q achieved NT$1.9 billion and NT$446 million, respectively

In 3Q10, Epistar's consolidated revenues reached NT$5.68 billion, up 8.3% sequentially. Gross margin was 40.7%, up from 39% in 2Q. Operating income was NT$1.7 billion with operating margin of 30%. Net profit was NT$1.9 billion up 12% sequentially. For the first three quarters of 2010, Epistar consolidated revenues totaled NT$15.9 billion, gross margin 39.5%, and operating income NT$4.63 billion with 29% operating margin. Net profits were NT$4.6 billion with an EPS of NT$5.81.
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2010-10-29

LG announced 3Q financial report

LG Electronics’ consolidated revenues reached 13.4 trillion (US$ 11.3 billion) for 3Q10, a 2% decline year on year, and Net profit was 8 billion.
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2010-10-29

Nexxus Lighting Completed the Sale of Legacy Commercial and Pool Businesses for Approximately $2.3 Million to Next Step Products

Nexxus Lighting has completed the sale of certain assets of its legacy Commercial and Pool businesses for Approximately $2.3 Million to Next Step Products, LLC.   The divested businesses contains the manufacture, marketing and sale of fiber optic lighting and LED products used for applications in commercial, architectural, pool and spa markets, but apart from Company's Array business or the business of the Company's wholly-owned subsidiary, Lumificient Corporation.
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2010-10-28

AIXTRON Announces Record Third Quarter 2010 Results

- Sequential growth in Orders, Revenues & EBIT continues - - LED lighting gaining momentum - - 2010 Revenue guidance of ca. EUR 750m (ca. USD 1bn) reiterated - - 2010 EBIT margin guidance increased to ca. 35% - - New R&D center open this month – AIXTRON AG,worldwide leading provider of deposition equipment to the semiconductor industry, announced the consolidated financial results for the first nine months of 2010.
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2010-10-28

YoungTek announces financial result in the first three quarter of 2010

Taiwan-based LED sorting and semiconductor testing company YoungTek Electronics (YTEC) announced financial result during the time from 1Q to 3Q in 2010. Revenues reached NT$2.188 billion with an average gross margin of 43.67%, and net profits went to NT$628 million (US$20.48 million), with EPS of NT$6.58.
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2010-10-27

MPI publics finance result in 3Q10

Wafer probe card maker MJC Probe (MPI) earned profit NT$272 million (US$8.88 million), up 56%compared to 2Q ,with NT$3.52 per share in net profits, exceeding the total for the whole first half. Gross margin reached about 44.6%, higher than previously expected by market observers. From 1Q to 3Q in 2010, the company posted net profits of NT$515 million, EPS of NT$6.67 and gross margin of 41.7%.
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2010-10-27

Cree Restated Its Long Term Target for "LED Revolution"

Cree's annual shareholders meeting was held on October 26th.During the meeting, Chuck Swoboda, CEO of Cree, restated the company's commitment to what it has termed the "LED Revolution", saying that the company is in it for the long haul.   As we know, the company has made a great leap in the past several years, growing its cash reserves to $1.1 billion and revenues to $867 million for the past year.  
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2010-10-26

Veeco Announces Record Third Quarter 2010 Financial Results

Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the third quarter ended September 30, 2010. Veeco reports its results on a generally accepted accounting principles ("GAAP") basis, and also provides results excluding certain items. Please refer to the attached table for details of the reconciliation between GAAP operating results and Non-GAAP operating results, and presentation of results on a "Continuing Operations" basis for current and historical periods.
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2010-10-25

Coretronic announced its financial results for 3Q of 2010

Coretronic Corporation(5371)had posted consolidated sales revenue for 3Q of NT$25,903 million with an operating income of NT$1,360 million, up 1% and drop 10% from the previous quarter respectively. Net income totaled NT$1,133 million, dropped 12%. Net income attributable to equity holders of the parent company was NT$1,052 million with the basic EPS of NT$1.45 per common share.   
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2010-10-25

Joby Designes a Hands-free and Tactical LED Flashlight

Joby has designed a hands-free and tactical LED flashlight Joby Gorillatorch Flare. It is made of black ABS plastic (flashlight housing and legs).  There are grip rings made of TPE to make the flashlight easier to hold on to and to help it grip onto surfaces.  Each leg ends in a strong neodymnium magnet.  The feet and some of the grip rings are a bright red. 
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2010-10-22

'Harman House' Has a Good Harvest on the Penetration for Samsung LED TVs in UAE

The Middle East leading retail chain, 'Harman House' announced that it has achieved the highest penetration for Samsung LED TVs in the UAE.   The company further revealed that LED TV sales constitute 55% of its total TV sales in the UAE, thereby underlining the growing demand for flat screen televisions in the country.
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2010-10-20

Wellypower consolidated revenues for 3Q10 totaled NT$2.27 billion

Recently, CCFL lighting maker Wellypower Optronics’3Q10 revenues made a new record. The consolidated total revenues went up NT$2.27 billion, gross profit was NT$270 million with a 12% gross margin. Also, pure income reached NT$171 million (US$5.53 million), up 694% sequentially, EPS was NT$1.01, and operating incomer was NT$142 million.
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2010-10-20

Cree Reports Record Revenue and Net Income for the First Quarter of Fiscal Year 2011

Quarterly Revenue increased 59% year-over-year to $268 Million Quarterly Net Income increased 176% year-over-year to $58 Million
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2010-10-09

Epistar Teams up with China Electronics in a joint venture

Taiwan's No.1 LED chipmaker Epistar has intended to team up with China Electronics Corp. (CEC) to build a joint venture.The investment is achieved to US$70 million by Epistar, and it's considered to be Epistar's biggest investment case in the mainland in recent years.
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2010-10-08

FSP made new record on 3Q revenues, to NT$4.482 billion

Power supply maker FSP Technology September revenues went up NT$1.553 billion (US$50.525 million), making its 3Q revenues to NT$4.482 billion to set a new quarterly record. And the strong results would keep conservative about the current quarter since most orders have been received in short term. FSP had an extensive portfolio ranging from applications in desktops, notebooks, industrial PCs, servers, LCD TV and monitors, STBs, health care, communications and LED lighting.
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2010-10-08

Radiant September revenues up about 24% year on year

Backlight unit (BLU) Radiant Opto Electronics September revenues has been up 23.93% from 2009 to NT$4.248 billion (US$136.86 million) for 2010, and the first three quarters in 2010 revenues totaled NT$12.607 billion, up 3% sequentially.
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2010-10-08

Most Taiwan LED companies' September revenues were lower compared to that in August

Affected from inventory adjustment in the LCD TV segment, most Taiwan LED companies’ September revenues, included Everlight, Bright, Harvatek, and Lextar, had been lower compared to in August.
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2010-10-08

Amtran September revenues reached NT$5.53 billion, up 22.2%

Thanks to amid vendors actively replenishing inventory and launching promotions ahead of schedule to boost market demand, Amtran Technology reported September revenues had been up 22.2% sequentially to NT$5.53 billion (US$180.06 million) and 4.1% compared for 2009.Revenues for 3Q had totaled NT$15.2 billion, up about 5% sequentially. In September, LED-backlit LCD TV shipment share increased from 12% in the first half of 2010 up to 20% of its total shipments, overall flat-panel TV shipments in 3Q reached 1.05-1.1 million units.
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2010-10-05

Veeco Announces Date for Third Quarter 2010 Financial Release

Veeco Instruments Inc. (Nasdaq: VECO) announced that third quarter 2010 financial results will be distributed after the market closes on Monday, October 25, 2010. A conference call reviewing these results has been scheduled for 5:00pm ET that day at 1-877-591-4956 (toll free) or 1-719-325-4772 using passcode 8848728.
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2010-09-29

Edison's September revenues will make a new record

Lately, Edison Opto had planed to be listed in Taiwan on September 10 but was delayed due to some reason. But Edison had noted that Lustrous lawsuit had little impact on the company's finances and operations. In the August 31st of 2010, Lustrous Technology had filed a patent infringement lawsuit against Edison, and Edison had hired an professional patent attorney for the lawsuit.
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2010-09-25

Harvatek September revenues will reach NT$400 million and 3Q revenues over NT$1 billion

ED packager Harvatek recently entered the supply chain for TV backlighting, and inventory adjustments by TV vendors had less affected on it. The company expected its September revenues will reach NT$400 million (US$12.67 million) and 3Q revenues got over NT$1 billion benefit from Japan-based TV vendors’ orders. In Harvatek’s revenues, handset business accounted for about 40-45% and lighting business accounted for about 15%, over 20% for IT (notebook and monitor) products.
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2010-09-17

Taiwan TSMC's net profit will rise in 2010 but slow in 2011

Based on the strong demand for chips, Taiwan Semiconductor Manufacturing Co. (TSMC) expects net profit to rise 40% in 2010, while due to an anticipated chip supply glut, the growth will likely slow in 2011, according to its chairman Morris Chang.
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2010-09-15

Philips updated its medium term financial targets

Philips has updated its medium term financial targets over the 2011-2015 period .It aims at an EBITA of between 10-13% of sales as well as an average sales grow of at least at 2% higher than global GDP in 2011-2015.
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2010-09-15

Genesis expected its revenues will increase above 40% in Q310

Genesis Photonics hoped its Q3 revenues of 2010 increase 40% straightly, and get about NT$1 billion (US$31 million) from LED billboards in China.
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2010-09-15

Philips' new CEO will go on with the former leader's five-year stategy

According to Royal Philips Electronics, its current CEO Gerard Kleisterlee, will step down in April 2011 and will be replaced by Frans van Houten, a former Chief Executive of Philips' semiconductor business NXP, and van Houten will continue to build on the Dutch company's current strategy, seeking to benefit from an aging population, growth in emerging markets and increased awareness of energy efficiency.
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2010-09-13

TSMC August sales grow slowly

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) August sales grow slowly. According to the report announced by TSMC, its consolidated net sales for August 2010 were approximately NT$37.39 billion (about $1.17 billion), an increase of 0.5 percent over July 2010 and an increase of 25.4 percent over August 2009.
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2010-09-10

Lite-On Technology reported August consolidated revenue

Due to ongoing market share gains coupled with steady demand, Taiwan Lite-On Technology Corp. August consolidated revenue of NT$10.29 billion, up 23% Y-o-Y.
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2010-09-09

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.
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TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE

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