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Technology Stocks : Cree Inc.
CREE 71.62-2.2%3:59 PM EDT

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From: slacker7113/18/2019 7:31:04 AM
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I'll be disappointed if today's conference call doesnt talk about an acceleration of their SiC capacity plans and moving capacity from LED's seems like an obvious answer.

Epistar, Epileds report losses

Siu Han, Taipei; Adam Hwang, DIGITIMES Monday 18 March 2019 0 Toggle Dropdown

LED epitaxial wafer and chip makers Epistar and Epileds Technologies both saw operations swing into operating losses in fourth-quarter 2018 thanks to price drops resulting from severe chip oversupply.

Although some China-based LED makers began to cut output in fourth-quarter 2018, the oversupply has seen almost no improvements, industry sources said.

But Epistar managed to reduce its inventory value from NT$5.2 billion (US$169 million) at the end of third-quarter 2018 to NT$4.7 billion at the end of the fourth quarter, the sources noted.

Epistar has reported net loss per share of NT$0.42 for 2018, but its board of directors has still decided to distribute a cash dividend of NT$0.30 from reserved earnings and capital reserve. Epistar will raise paid-in capital by issuing 120 million shares for private placement or floating GDR (global depository receipt).

Epileds will also issue 20 million new shares for open sale or floating GDR to raise paid-in capital.
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