2014-10-15
Universal Display Corporation, enabling energy-efficient displays and lighting with itsUniversalPHOLED® technology and materials, announced today that the company has been named to the Barron's 400 Index, a measure of the most promising companies in America. The Index is based on companies that perform exceptionally in 24 fundamental areas of fundamental performance.
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2014-10-14
Chinese LED manufacturers IPO applications remain a lengthy tedious procedure.
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2014-10-14
Since U.S.-based sapphire manufacturer GT Advanced Technology’s abrupt bankruptcy announcement last Monday, several law firms have asked investors to step forward.
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2014-10-13
India’s Bureau of Energy Efficiency (BEE) and Energy Efficiency Services Limited (EESL) announced selling LED bulbs to households at very low prices, according to a report by The Economic Times.
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2014-10-09
The CEO of Apple sapphire supplier GT Advanced Technology, which recently filed for bankruptcy protection, might have known financial doom was looming, according to a latest report from Wall Street Journal.
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2014-10-08
Taiwanese sapphire manufacturer Tera Xtal Technology remained upbeat about claiming payment from the bankrupt U.S.-based MOCVD manufacturer GT Advanced Technology (GTAT), according to a UDN report. Tera Xtal held a press conference on Wednesday under Taiwan’s Gretai Securities Market request to explain to investors the impact from GTAT’s bankruptcy filing.
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2014-10-07
Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by GT Advanced Technologies Inc. (NASDAQ: GTAT) and certain of its officers. GT Advanced Technologies Inc., a technology company, provides materials and equipment for the solar, light emitting diode (LED) and electronics industries worldwide.
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2014-10-07
Sapphire manufacturer GT Advanced Technologies (GTAT) bankruptcy protection announcement sent shockwaves throughout Wall Street on October 6, 2014. Investors and financial institutes were shocked, no one expected the seemingly promising Apple sapphire supplier to declare insolvency.
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2014-10-07
GT Advanced Technologies (GTAT), announced that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GT expects the court will authorize the company to continue to conduct business as usual while it devotes renewed efforts to resolve its current issues and develops a reorganization plan.
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2014-10-06
Benefiting from Apple iPhone 6 and iPhone 6 Plus sales, Taiwanese sapphire manufacturer Tera Xtal’s revenue for September 2014 increased 38 percent compared to August. The company set a new monthly record last month, with order visibility extending well into late 2014.
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2014-10-06
Cree a market leader in LED lighting, announced preliminary estimates of financial results for its first fiscal quarter ended September 28, 2014. Revenue for the quarter is expected to be approximately US $428 million, with earnings expected below the company’s previously announced target range of $0.25 to $0.30 per diluted share on a GAAP basis. These preliminary financial results are subject to completion of the company’s customary quarterly closing and review procedures.
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2014-10-02
Unable to pay back creditors, a bankrupt decorative luminaire manufacturer from Henglan Town in Zhongshan City, Guangdong Province, China chose to end his life by jumping off a building. Videos of the manufacturer leaping to his death have been widely circulated on the Internet. Rumors surfaced that the company declared insolvency after receiving a bad check for several hundred thousand Chinese Yuan. The information has not been confirmed, though.
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2014-10-01
Chinese LED manufacturer Nationstar announced a new round of financing on Sept. 29, 2014 to fund the production expansion for small pitch LED display and outdoor LED display components, according to China Securities Network. After the financing, the company will become a subsidiary of Chinese state-owned Guangdong Guangye Assets Management.
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2014-09-30
NVC Lighting announced the company froze second largest shareholder former CEO Wu Changjiang’s shares in the company, according to a Securities Times report. Wu has a total of 130 million company shares, which is worth about RMB 1.06 billion based on the company stock value of RMB 8.15 as of Sept. 29, 2014.
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2014-09-30
“LED industry inventory level adjustments hit a peak in July,” a cnYes.com report quoted Epistar Chairman B.J. Lee. Market insiders’ project LED lighting PSS manufacturers Crystalwise Technology, Rigidtech and Aceplux Optotech. The market projects revenues in September and October will be unable to keep up high growth, and the market will be stagnant in third quarter.
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2014-09-24
Entering its 10th anniversary this year, Taiwanese LED package manufacturer Prolight Opto Technology (Prolight) will become registered on the Taiwan bourse on Sept. 24, 2014. At a press conference, the company explained it expects to apply for listing during first half of 2015, and projects becoming listed on the bourse during third quarter that year.
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2014-09-23
Market insiders in Taiwan recognize the LED TV backlight market entered seasonal adjustments in third quarter, but the adjustments are expected to impact LED manufacturers revenue in September, according to a China Times report. Taiwan’s LED chip manufacturers revenue were impacted by inventory adjustments from July to August 2014, while LED package manufacturers have kept up growth.
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2014-09-23
Refond Opto announced Monday night, shareholder Konka Precision Mould Plastic (Konka) sold out more than 3.02 percent of its stake in the Chinese LED manufacturer, according to a Sinai report.
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2014-09-22
LED package manufacturer Harvatek revenues is expected to drop during third quarter in 2014, due to adjustments in lighting OEM orders, according to a Money DJ report. However, the company is expected to see revenue growth next season. While further long term observations are required to determine the impact from Cree’s patent lawsuit.
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2014-09-19
Escalating market competition in China’s LED industry has spurred vendors to acquire orders by offering customers generous loan terms, but when buyers delay payment, it adversely affects manufacturers’ liquidity. If delayed accounts receivable become bad debts or uncollectible accounts then the consequences can be dire.
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2014-09-19
Elec-Tech International (ETI) financial performance and management condition has come under the spotlight, as the company’s conflict between NVC Lighting intensifies.
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2014-09-17
U.S. LED manufacturer Cree’s stocks dropped to US $41.1 recently, after Goldman Sachs downgraded the stocks from buy to neutral, according to a report by China Post. As Cree’s lighting revenue increases, Taiwanese manufacturers believe Cree’s business focus is turning towards downstream.
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2014-09-15
Refond Optoelectronics recently announced its largest shareholder and company CEO Gong Weibin has sold out 5 million stocks, or about 2.29 percent of shares on Sept. 11, 2014, according to a Securities Times report.
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2014-09-15
Roshow Technology is under China’s Securities Regulatory Commission’s (CSRC) watchful eye for violating financial regulations again, according to a National Business Daily report. In April, the company’s former Board Secretary Chai Shen was arrested for suspected insider trading.
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2014-09-11
The market speculated whether GE will sell its lighting division after the company recently sold the home appliance division for US $3.3 billion to Swedish company Electrolux, according to a Lighting report.
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2014-09-09
San’an Opto board has approved an equity share transfer agreement signed with Cher Detank.
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2014-09-09
On Sept. 5, 2014, Chinese LED manufacturer Honglitronic announced it signed an “investment partnership agreement” with Nanchang City government in Jiangxi Province, China, and is currently constructing a new LED manufacturing base in the city. The investment was approved by the company’s board of trustees in a recent meeting, according to a Securities Times report.
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2014-09-05
Lextar Electronics set another new revenue record last month, after three consecutive months of growth drove up revenue by 14.7 percent YoY to NT $1.42 billion (US $50 million), according to a UDN report. On a monthly basis, the company’s growth in August was only up 0.3 percent compared to July 2014.
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2014-09-01
Epistar and FOREPI stockholders have approved the proposed merger between the two companies today, according to a report by Cynes.com. FOREPI stocks will be swapped at a rate of 3.448 per Epistar share.
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2014-08-26
In the last article, LEDinside summarized upstream Chinese LED manufacturers performance during first half of 2014, now it is time to inspect midstream and downstream sectors.
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2014-10-02
2014-09-24
