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Technology Stocks : Cree Inc.
CREE 91.09+0.5%3:59 PM EDT

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From: slacker7111/10/2019 8:47:34 AM
   of 10403
 
It seems likely that the lighting portion of the business has performed worse than the estimates made in October.

digitimes.com

Epistar suspends part of production
Siu Han, Taipei; Jessie Shen, DIGITIMES Thursday 10 January 2019 0 Toggle Dropdown
LED epitaxial wafer and chip maker Epistar has scaled down production due to low order visibility, as its December 2018 sales hit a new low since January 2013.

Epistar has reported consolidated revenues for December 2018 reached NT$1.19 billion (US$38.63 million), down 12.33% sequentially and 42.02% on year.

Epistar had consolidated revenues of NT$4.236 billion for the fourth quarter, dropping 24.99% sequentially and 28.65% on year, and those of NT$20.327 billion for 2018 fell 19.88% on year.

To cope with decreased orders, Epistar said it is extending its upcoming Lunar New Year holiday to two weeks starting from January 28 and has suspended operation of some MOCVD sets since fourth-quarter 2018.

Meanwhile, LED packaging service provider Everlight Electronics has reported consolidated revenues of NT$1.609 billion for December, the lowest since March 2013.

Everlight's consolidated revenues of NT$5.617 billion for fourth-quarter 2018, decreased 10.62% sequentially and 16.42% on year, and those of NT$24.083 billion for 2018 slipped 11.91% on year.

LED packaging service provider Advanced Optoelectronic Technology has reported consolidated revenues of NT$273.2 million for December, falling 17.71% sequentially and 41.39% on year. Its fourth-quarter 2018 consolidated revenues reached NT$975.8 million, declining 32.18% sequentially and 36.84% on year, and those of NT$4.638 billion for 2018 decreased 22.47% on year.
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