LED sapphire substrate factory Rubicon fear plummeted 60%

Light-emitting diode (LED) upstream material supplier Rubicon Technology sapphire substrate, Inc. released the fourth quarter of 2012 to 20 days after the U.S. market close (10-12 months) earnings, revenue from the previous quarter's $19 million 900 thousand rose to $20 million, and better than last year's $19 million 400 thousand; 6 inch sapphire wafer revenue quarter by 7% to $17 million 500 thousand; gross margin show season, due to small size product prices led to the decline in the company must adjust the inventory; per share diluted loss of $0.05 per share, better than last year's $0.04 diluted earnings.

Prospects this season (1-3 months), the largest LED customer excess inventory, influence to Q2. So don't need additional raw materials, expected 6 inch silicon wafer sales will follow the decline, which will make the quarter revenue quarter by 60% to $8 million per share loss will reach $0.10-0.40.

Rubicon chief financial officer William Weissman said, has been less than 2-4 inch sapphire wafer price of the company's finished goods, WIP inventory cost, so the company in 10-12 months to the current market value of these products will be adjusted to $1 million 600 thousand. He said that the company's competitors should be at the cost of selling small wafers in order to reduce inventory or maintain capacity utilization.

Rubicon 20 in regular trading fell 3.33%, $5.77; after further fell 14.38% to $4.94.