Skip to main content

Universal Display will develop new technologies and processes for OLED manufacturing

In addition to the patent sale, the 2 companies are engaged in “a strategic relationship,” with strengthened and enhanced alliances between the companies. Fujifilm will expand its business for the supply of Fujifilm's highly functional materials, such as barrier films, conductive films and flexible substrates, to OLED manufacturers globally, including Universal Display's worldwide customer base. Universal Display will develop new technologies and processes for OLED manufacturing.

John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco continues to deliver solid results in a soft market. Second quarter revenue was $137 million, and adjusted EBITA and non-GAAP earnings per share were $20 million and $0.37, respectively, with gross margins of 45%. Veeco generated about $19 million in cash flow from operations, ending the quarter with $540 million in cash and short term investments.” Second quarter LED & Solar revenues were $87 million, including $75 million in MOCVD and $12 million in MBE. Data Storage revenues were $50 million.

“As anticipated, we experienced a challenging bookings environment in Q2, with total orders of approximately $103 million,” continued Mr. Peeler. “Across our markets, macro-economic concerns and weakness in TV, PC and consumer electronics sales are delaying customers’ capex purchases.” Veeco’s LED & Solar orders totaled $77 million, with MOCVD flat sequentially at $70 million and MBE declining 50% to $7 million. Data Storage bookings remained weak at $25 million. Veeco’s book-to-bill ratio was 0.75 to 1 and quarter-end backlog, after a $30 million adjustment, was $241 million.

Veeco’s third quarter 2012 revenue is currently forecasted to be between $120 million and $140 million. Earnings per share are currently forecasted to be between $0.12 to $0.29 on a GAAP basis, and $0.22 to $0.38 on a non-GAAP basis. Please refer to the attached financial table for more details.

Comments

Post a Comment

Popular posts from this blog

The factory will replace a much smaller lighting factory

Felder has a comprehensive knowledge of the field of optosemiconductors and decades of management experience with prominent players in the electronics industry.Since 2003, he has filled various management roles in the areas of OLED and LED technology with Osram, where as senior vice president of sales he was lastly responsible for Osram’s worldwide general lighting sales activities. Zumtobel Group CEO Harald Sommerer thinks highly of Felder, “We are delighted that, in Alfred Felder, we have been able to recruit a highly experienced technology expert and far-sighted manager to head up our Components business. With his extensive knowledge of LED and OLED technology, his familiarity with the industry and his leadership skills, he will be able to play a major part in ensuring that Tridonic is fit for the future in this dynamic phase of the technology shift.” The factory will replace a much smaller lighting factory and will include a production shop and an admininstrative block, as well as ...
Post a Comment
Read more

We are confident that he will do the same at Lighting Science

We are delighted to have Jeremy join the Lighting Science team," said Nic Brathwaite, Chairman of the Lighting Science Board of Directors. "Jeremy is a proven strategic thinker, inspiring leader, and brand builder who has successfully introduced major innovations at some of the world's best known companies, resulting in accelerated sales volume, profit and market share growth. We are confident that he will do the same at Lighting Science." "This is an exciting time to join the talented team at Lighting Science, as consumers, businesses, municipalities, and governments worldwide are poised to move into the digital light age," commented Cage. "I intend to accelerate growth by building on the company's core competencies of excellence in innovation and strong and differentiated brand development. We will focus on unleashing the science of light and sustainable technologies to markets ranging from major cities, commercial centers, factories and retailer...
Post a Comment
Read more

Innovation in Lighting Symposia and the Lightning Award Presentation

Our show is an example of how co-operating with an international partner, together with a sizeable show investment year after year, benefits the lighting industry," Dr. Pan continued. “We are totally committed to supporting the growth of China's lighting industry. We provide a sales and marketing platform for exhibitors and a forum for industry knowledge exchange. During this year's show we will organise more than 30 seminars, conferences and matchmaking opportunities that suit all levels of lighting professionals. These include special information days featuring China, Taiwan and Japan, the Lighting Design Gallery, Guangzhou international Lighting Technology Symposium, Innovation in Lighting Symposia and the Lightning Award Presentation." Guangzhou Guangya Messe Frankfurt is totally committed to the exchange of industry knowledge to support the growth of China's lighting industry. For example, the close connection with the popular “Alighting” website, magazine...
Post a Comment
Read more