NEW YORK, NY -- (Marketwire) -- 02/02/12 -- Companies focused on the manufacturing of Light Emitting Diodes (LEDs) have struggled in the New Year as an influx of Chinese companies has boosted competition in the industry. The fierce competition has cut prices, squeezed profit margins and inflated supplies, Reuters reports. Five Star Equities examines the outlook for companies in the Semiconductor (LED) Industry and provides equity research on Veeco Instruments Inc. (NASDAQ: VECO) and Rubicon Technology Inc. (NASDAQ: RBCN). Access to the full company reports can be found at:
The LED industry is expected to be a "low margin business," Wunderlich Securities analyst Theodore O'Neil explains. "Demand is going to be awesome," O'Neill said, pointing to the 50 percent drop in prices on LED lightbulbs at home improvement retailers like Home Depot and Lowe's.
VantagePoint Capital Partners expects prices for LEDs to "plummet" within three years as competition intensifies to satisfy surging demand for energy-efficient lights. Prices for LEDsmay fall 90 percent by 2015, said Alan Salzman, chief executive officer of VantagePoint Capital Partners.
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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 (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications. In the company's third quarter earnings release, Raja Parvez, President and CEO of Rubicon Technology, commented, "Although overall substrate demand from the LED market declined in the third quarter, major LED chip manufacturers continue to focus on migrating to larger diameter substrates in order to gain efficiencies."
Veeco Instruments Inc. designs, manufactures and markets equipment to make light emitting diodes (LEDs), solar panels, hard-disk drives and other devices. The Company operates in two segments: Light Emitting Diode (LED) and Solar, and Data Storage.
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