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

Popular posts from this blog

LED recessed downlighting options for general lighting in commercial

Cooper Lighting, a division of Cooper Industries plc (NYSE: CBE), has expanded its Halo LED H7 Collection offering additional choices in LED color temperatures and higher lumen options. The 6” LED downlight product line expansion–from the original Halo LED 600 Series–now includes the Halo LED 900 Series and Halo LED 1200 Series, offering a wide and versatile selection of energy-efficient LED recessed downlighting options for general lighting in commercial, retail, institutional and residential applications. Designed for new construction projects or to retrofit existing 6” nominal compatible housings (with an Edison screw base adapter included with the module), the Halo LED H7 Collection features excellent color rendering (80 CRI) and offers the industry’s widest selection of color temperatures (2700K, 3000K, 3500K and 4000K). The superior optical design yields productive beam lumens providing smooth, even illumination, excellent cutoff and extremely low glare. Consuming less than 15W, ...

The acquisition expands Johnson Controls lighting services beyond the school

Patriot Taxiway Industries, Inc stepped into aerospace and aeropart manufacturing a little over 20 months ago in Omro, Wisconsin, then transferred to a superior manufacturing plant in Lomira, Wisconsin. Patriot Taxiway president and vetrepreneur, Steven A. Smits, who served in the U.S. Air Force and is still enlisted in the Air National Guard, had a lot weighing on the fulfillment of their first contract. The team comprised of more than 70% veterans, produced and delivered all 2,000 remotely controlled lighting systems on schedule to their international destinations. Smits credited their manufacturing efficiency and the quality of the LED products they provide to the veterans and other team members. The acquisition expands Johnson Controls lighting services beyond the school, healthcare and government markets it currently serves as NES provides lighting upgrade and maintenance solutions largely for retail, commercial, and industrial customers. Johnson Controls also will provide effecti...

Semiconductor lighting industry in Shenzhen develops rapidly in recent years

Orion’s LED fixture, designed to perform at temperatures as low as -20 degrees Fahrenheit, has been retrofitted in more than 3 million square feet of freezer and cold-storage space in facilities across the nation in the past several months. Companies with Orion LED technology in their facilities include US Foods, Sysco, Americold, and Save-A-Lot. The three approved Orion LED fixture models vary based on application-specific lens configuration. Orion’s LED fixtures are designed to replace traditional high intensity discharge and T8 and T5 fluorescent fixtures. Orion’s LED fixtures use 123 watts compared to 400-watt HIDs and 298-watt fluorescents. According to its Web site, the DLC is a collaboration of utility companies and regional energy efficiency organizations committed to raising awareness of the benefits of efficient lighting in commercial buildings. In order to be included on the DLC’s QPL, a product must meet or exceed specific industry standards. QPL inclusion is required for c...