This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Rubicon Technology, Inc. Reports Third Quarter 2009 Results and Outlines Two Year Expansion Plan 2009-11-03 06:30 ET - News Release
FRANKLIN PARK, Ill. -- (Business Wire)
Rubicon Technology, Inc. (NASDAQ:RBCN), a leading provider of sapphire
substrates and products to the LED, RFIC, Semiconductor, and Optical
industries, today reported financial results for its third quarter ended
September 30, 2009.
The Company’s revenue increased $2.5 million sequentially to $5.7
million in the third quarter driven by increased sales into the LED
market. Diluted loss per share for the third quarter was $0.10 compared
to $0.15 per share in the previous quarter. The Company cited the
continued adoption of LED backlighting for LCD televisions and notebook
and netbook computers as drivers for growth in the LED market.
Raja Parvez, President and CEO, noted, "The LED market continued to
strengthen in the third quarter and pricing of sapphire substrates
stabilized in the quarter as global capacity for sapphire production
began to tighten.”
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. | 
Top
Print this Page