LEDs Beginning to Take Over Traditional Lighting Market
Five Star Equities Provides Stock Research on Rubicon Technology and Veeco Instruments
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/07/12 -- New opportunities have emerged for the LED Industry in commercial and residential lighting. LEDs, which are more energy efficient, are slowly phasing out the use of incandescent bulbs. "LEDs are transforming the whole business model for lighting from one that's based on replacement to one that's based on installation," said Eric Bloom, a senior analyst for Pike Research specializing in smart building technologies. Five Star Equities examines the outlook for companies in the Semiconductors Industry and provides equity research on Rubicon Technology, Inc. (NASDAQ: RBCN) and Veeco Instruments Inc. (NASDAQ: VECO).
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In some cases LED lighting can last as long as 30 years, "getting in at the get-go is absolutely crucial for the lighting market of the future," Bloom said. The traditional home lighting market is currently worth $12 billion a year, but it is expected to drop to approximately $5 billion as longer lasting, and more energy efficient LEDs take over the market. General Electric, whose founder invented the first light bulb, predicted that by 2020 LEDs will make up between 70 to 80 percent of the general lighting market.
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Rubicon Technology, Inc. is an advanced electronic materials provider that is engaged in developing, manufacturing and selling monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications. The Company reported that it expects revenue for the first quarter of approximately $10 million, in line with its guidance of $8 to $12 million.
Veeco makes equipment to develop and manufacture LEDs, solar cells, hard disk drives and other devices. The company recently reported financial results for the first quarter ended March 31, 2012. John R. Peeler, Veeco's Chief Executive Officer, commented, "We are executing well during the downturn in MOCVD demand. Veeco's first quarter revenue reached the top of our guidance at $140 million. Adjusted EBITA and non-GAAP earnings per share were $25 million and $0.49, respectively, on strong performance on the gross margin line and good expense management."
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Datum: 07.05.2012 - 12:20 Uhr
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