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You can't buy on the 18th and still get the dividend. You must buy the stock anytime before the 18th,...even as late as Friday July 15th, and still get the dividend.
If you buy on the 18th, you will not get the dividend. Good Luck.
Record Date July 18th, Pay Day July 29th $1.50 Special Dividend
http://finance.yahoo.com/news/emcore-issue-special-dividend-1-201000905.html
Already double 50 day average volume. Hard to understand why anyone would sell here given just a week from the ex-dividend day and $1.50/share. Would have to have a collapse in the market to not realize some gain unless folks figuring they will get shares cheaper.
EMKR
Back in @ $6.30. Got to believe this is a sure winner with the $1.50 / share special dividend.
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EMCORE to Issue Special Dividend of $1.50 per share
Company completes return of approximately $85M to shareholders with special dividend
ALHAMBRA, Calif., July 06, 2016 (GLOBE NEWSWIRE) --
EMCORE Corporation (NASDAQ:EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market, announced today that it has completed its strategic review and will distribute $1.50 per share via a special dividend payable on July 29, 2016 to shareholders of record as of July 18, 2016.
With this action, EMCORE's Board of Directors will have returned approximately $85M of cash to its shareholders since June 2015, representing approximately 50% of the cash received from operations sold in the prior fiscal year.
"The return of cash to shareholders will strongly improve the Return on Assets of the business by reducing our overall capitalization, while maintaining flexibility to invest in new market opportunities to accelerate earnings growth," says Jeffrey Rittichier
, President and CEO. "As previously stated, we're encouraged by the performance of our CATV and Fiber Optic Gyro businesses and see strong growth opportunities in these and other areas to continue improving our financial performance," added Rittichier.
"During my first year at EMCORE, we grew revenues 47% and improved gross margins 13 points from FY14 to FY15, positioning the company for profitable growth. Building on this progress, we returned $45M to shareholders in June 2015 and began executing a strategic re-alignment of the manufacturing operations to drive margins higher. With the core operations of the business on improved footing, in December 2015 the Board and management began a comprehensive strategic review to strike the right balance between returning assets to shareholders and investing in growth opportunities. During this review period, we actively worked to eliminate risks to our balance sheet posed by the Sumitomo arbitration and other lingering liabilities. Given the recent successful outcome of the Sumitomo arbitration and the completion of our strategic review, we are pleased to announce this return of capital to our shareholders," continued Rittichier.
As part of the strategic review process, the company evaluated its growth opportunities in existing and adjacent markets, analyzed its products, technologies and production capabilities, and concluded that it could fully leverage its core competency in Mixed-Signal Optics in both existing and new markets. As Mixed-Signal devices have both analog and digital circuits on multiple chips, or even a single chip, the value of these solutions are often far greater than traditional digital applications, and as a result require a specialized expertise which is unique in the optics industry.
"Given EMCORE's existing leadership in Mixed-SignalOptic products such as DOCSIS 3.1 transmission devices, and emerging position in new products such as Fiber Optic Gyros and 5G Distributed Antenna System components for wireless applications, it became clear there is an opportunity to leverage our core Mixed-Signal competencies to penetrate new markets. EMCORE is uniquely positioned as a supplier of advanced Mixed-Signal solutions given our design expertise and our captive wafer fabrication facility," continued Rittichier. "Mixed-Signal technology is at the heart of all of our products, and is shared between Fiber Optic Gyros (Sensor) and our CATV (Transmission) products alike. As a matter of fact, if one were to open up one of our Fiber Gyros, one would see a miniature communication link that requires the same technologies, chip designs and production assets as our CATV products, giving us the ability to leverage our high volume infrastructure against lower volume, higher value added product," concluded Rittichier.
The Company is currently in a quiet period until it reports its fiscal third quarter results at which time the Company will host its regularly scheduled quarterly conference call. For more information regarding the special cash dividend please visit the investors section of the Company's website at http://investor.emcore.com/downloads.cfm for a copy of the Question and Answer document.
About EMCORE
EMCORE Corporation designs and manufactures Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. EMCORE was the pioneer in linear fiber optic transmission technology, and today is a leader in optical components, as well as a provider of complete end-to-end solutions for high-speed communications network infrastructures, enabling systems and service providers to meet growing demand for bandwidth and connectivity. EMCORE's advanced optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. With its world-class InP semiconductor wafer fabrication facility, EMCORE has fully vertically-integrated manufacturing capability and also provides contract design, foundry and component packaging services. EMCORE is headquartered in Alhambra, California, USA with InP wafer fabrication operations in Alhambra, and ISO 9001 certified manufacturing in Alhambra and Langfang, China. For further information, please visit http://www.emcore.com.
Forward-looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, in particular, statements about our plans, strategies, business prospects, changes and trends in our business and expansion into new markets. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following: (a) the rapidly evolving markets for the Company's products and uncertainty regarding the development of these markets; (b) the Company's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; (c) delays and other difficulties in commercializing new products; (d) the failure of new products: (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors; (e) uncertainties concerning the availability and cost of commodity materials and specialized product components that we do not make internally; (f) actions by competitors; and (g) other risks and uncertainties discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2015, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
EMCORE CorporationJikun Kim
Chief Financial Officer
(626) 293-3400
investor@emcore.com
Media
Joel Counter
Manager, Corporate Marketing Communications
(626) 999-7017
media@emcore.com
Investors
Erica Mannion
Sapphire Investor Relations, LLC
(617) 542-6180
investor@emcore.com
Read more: http://www.nasdaq.com/press-release/emcore-to-issue-special-dividend-of-150-per-share-20160706-00870#ixzz4DjAiyeWJ
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EMKR
awards $1.50/share special dividend
http://seekingalpha.com/news/3192022-emcore-completes-strategic-review-awards-1_50-share-special-dividend
Sold EMKR today @ $5.92. Look to re-enter but not sure it will hold gains going into the Fed presentation at 2:00.
EMKR
Dark overhanging cloud removed:
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EMCORE Corporation Announces Favorable Ruling from Sumitomo Arbitration
By GlobeNewswire, April 13, 2016, 08:00:00 AM EDT
Tribunal Finds in Favor of EMCORE and Awards Legal Fees of over $2.5 million
ALHAMBRA, Calif., April 13, 2016 (GLOBE NEWSWIRE) --
EMCORE Corporation (NASDAQ:EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market, announced today the receipt of a favorable ruling from the International Court of Arbitration tribunal relating to its ongoing dispute with Sumitomo Electric Industries, Ltd. ("SEI").
As previously disclosed, in September 2014, SEI filed for arbitration against the Company in connection with certain disputes arising out of the Company's sale of assets to SEI in May 2012. SEI was seeking $47.5 million from EMCORE relating to numerous claims.
On April 12, 2016, a three member arbitration panel rejected SEI's claims. The panel ruled that EMCORE owes SEI none of the amounts SEI sought in the arbitration and that the Company is entitled to collect the $1.9 million it is holding in escrow. The Company is also entitled to recover over $2.5 million in fees and costs. At December 31, 2015, EMCORE had accrued for $3.4 million of liabilities relating to potential claims, in addition to the $1.9 million it held in escrow for these claims.
About EMCORE
EMCORE Corporation designs and manufactures Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. EMCORE was the pioneer in linear fiber optic transmission technology, and today is a leader in optical components, as well as a provider of complete end-to-end solutions for high-speed communications network infrastructures, enabling systems and service providers to meet growing demand for bandwidth and connectivity. EMCORE's advanced optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. With its world-class InP semiconductor wafer fabrication facility, EMCORE has fully vertically-integrated manufacturing capability and also provides contract design, foundry and component packaging services. EMCORE is headquartered in Alhambra, California with InP wafer fabrication operations in Alhambra, and ISO 9001 certified manufacturing in Alhambra and Langfang, China. For further information about EMCORE, visit http://www.emcore.com.
Contact:
EMCORE Corporation
Mark Weinswig
Chief Financial Officer
(626) 293-3400
Media
Joel Counter
Manager, Corporate Marketing Communications
(626) 999-7017
media@emcore.com
Investor
Erica Mannion
Sapphire Investor Relations, LLC
Phone: (617) 542-6180
investor@emcore.com
Source: EMCORE Corporation
Read more: http://www.nasdaq.com/press-release/emcore-corporation-announces-favorable-ruling-from-sumitomo-arbitration-20160413-00322#ixzz45i1MoZfK
_________________________________________
EMKR
Looks good. Favorable ruling this morning. http://globenewswire.com/news-release/2016/04/13/828480/0/en/EMCORE-Corporation-Announces-Favorable-Ruling-from-Sumitomo-Arbitration.html
Emcore: Trading Near NCAV With A Free Option On The Operating Business, But Binary Risk Remains
Mar. 17, 2016 10:08 AM ET| About: EMCORE Corporation (EMKR)
Martin Vlcek Martin VlcekPremium Research »?Follow(1,435 followers)
Contrarian, growth at reasonable price, macro, small-cap
Summary
EMCORE trades very close to its net cash and cash equivalents and even closer to its net current asset value.
Sum of the parts valuation shows the stock has ~45% upside.
However, a pending binary outcome of a litigation arbitration poses a significant tail risk.
Overall, the risk/reward is attractive.
I've been following and trading EMCORE (NASDAQ:EMKR) for over a year but the stock and its operating business and industry outlook have been very well covered on Seeking Alpha, so I didn't feel the need to add anything. However, now the stock price has fallen so low and so close to the value of EMCORE's cash on its balance sheet and its net current asset value (NCAV) that I have to add my two cents.
Investment thesis
The stock trades very close to its cash and cash equivalents, and even closer to its NCAV. This would be nothing special due to the opportunity cost of having our money locked in this investment. But there are several other hidden values that make this investment essentially a free call option with substantial upside. If we ignore the opportunity cost of money, the option is virtually free. But even if we consider a reasonable required rate of return, EMCORE is still an attractive investment in terms of its risk/reward, because the sum of the parts valuation shows the stock has ~45% upside, depending on how we value the business and the net operating losses (NOLs), as well as the binary outcome of the Sumitomo arbitration result.
Cash level
At the end of 2015, the company had $115.52, or $4.46 per share of cash and cash equivalents. The stock now trades ~13% above its cash level. If you add Accounts receivable and subtract Accounts payable (near-cash equivalents), the picture improves even more and the company trades just 7% above this measure of cash and near-cash equivalents.
NCAV
At the end of 2015, the company had $150.24M in current assets and $23.33M in total liabilities. So Benjamin Graham's famous NCAV stood at ~$127M. The current stock price of $5.08 makes the company worth ~$133M. So EMCORE trades less than 5% above its NCAV.
I believe that unless the company starts losing cash on its operating business, the current stock price level around the $5 mark will prove to be a very strong fundamental support zone due to the NCAV shown above. The reasonable downside here is very low unless the economy tanks.
Value of the operating business
So far, it looks like investors are essentially buying a $1 bill for $1.07, which is not a good deal, especially if you consider the opportunity cost of not being able to use this money for other investments. But there are other hidden benefits we haven't discussed yet. First, investors are getting a free option on any future positive free cash flow that the operating business can generate. Nevertheless, we are talking about a low margin, competitive space, if the business can generate a ~2% positive net FCF margin on stagnant sales of ~$100M. At a 10% required rate of return, this FCF stream would be worth ~$20M, adding ~15% to the total value of the stock. Yet the company's sales are rising.
The value of the net operating losses (NOLs)
The company has ~$575M in accumulated deficit on its balance sheet. Although only a part of the tax loss carry-forwards is immediately available for use without restrictions and a significant portion is locked out abroad, still, there is tremendous value. If I simply used a very conservative 20% tax rate on all of the NOLs, they would be valued at ~$115M. When discounted at a 10% required rate of return over ten years, I would come up with a present value of roughly $65M, or $2.5 per share. This value is reasonably close to the estimate of ~$2 per share from a fellow Seeking Alpha contributor.
EMCORE is definitely not a "no-brainer" buy. There are several risks involved
In the shorter time frame, the company acknowledges there is a risk of a large litigation loss to the tune of up to 40% of the current market cap from an arbitration with Sumitomo (see page 18 of the 10-K). As of February 4, 2016, "the arbitration has been completed and the Company is awaiting the arbitrators' final decision."
In light of the Annual meeting's decision not to pay out the special ~$3 per share dividend at this time, I believe one of the factors why the company decided to wait is the uncertainty about the potential litigation fines. The company believes the claims are without merit but given the recent stock price weakness and Becker Drapkin selling most of their large EMCORE position, the ticker tape action speaks for itself: the knowledgeable insider market participants seem to price in at least some risk of the litigation not being favorable to EMCORE, or some other adverse event.
The postponement of the decision on the one-time dividend doesn't have to be related to the Sumitomo litigation. It could also mean the company simply wants more time to make a decision or that they are considering other uses of the cash, such as a buyback (which would be very positive for shareholders) or a merger with some profitable company in a similar business.
This would allow for a more rapid utilization of the NOLs (positive), but the merger would also result in a larger risk of the operating business as the results would matter more when the cash portion shrinks. This would increase the risk profile of the stock, but could also mean significant upside depending on the merger conditions (price paid) and profitability of the newly acquired business.
In the longer time frame, one of the main concerns is that risk of a "melting ice cube" due to possible negative net cash margins from running the real business and also from the fixed overhead represented by management salaries and bonuses. Indeed, the recent Annual meeting approved an expanded total number of stocks available for compensation.
The most recently reported quarter, ended December 31 2015, showed practically zero operating income from continuing operations. This margin weakness could be seasonal, because, although operating income worsened in relation to the previous quarter, it improved by a massive $5M compared to the same quarter a year ago, when it was significantly negative.
Of course, we also need to factor in that the composition of the business was different. In short, it is hard to extrapolate now due to lots of moving parts. This means there is a risk that the value of the operating business is zero or less than zero in the long run, if the business can't operate above cash break-even. And this is clearly reflected in the stock price and partly creates this buying opportunity.
The catalysts
Obviously, this investment needs a catalyst. Otherwise, the stock may linger around the current price literally for years without any paper or real gains for investors to realize and the "ice cube" may start to melt.
However, the company last year repurchased shares worth roughly $45M. So it is willing to serve shareholders. It could do so again this year once the litigation risk is firmly quantifiable. Or it could still decide to pay the one-time dividend. A takeover of another company could provide a stock price boost as well, depending on the price paid and the risks involved. Due to the NOLs, EMCORE is unlikely to be sold to another company (a large change of ownership).
Wrapping it up
I like EMCORE at the current price and see a ~45% upside and a target price of ~$7.50 per share. I am long EMCORE and those who don't have a position should consider getting long. However, I will wait for the arbitration outcome before deciding to buy more because my position is already quite large.
It is very likely that some investors have an edge over me regarding the Sumitomo arbitration risk, because I have no close information about the case or litigation/arbitration know-how. So the arbitration risk may be underpriced or overpriced by the market. Given the low stock price in relation to its cash level and NCAV, it seems lots of pessimism is priced in. This provides an attractive risk/reward opportunity to buy now.
Disclosure: I am/we are long EMKR.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
________________________________________________
http://seekingalpha.com/article/3959225-emcore-trading-near-ncav-free-option-operating-business-nols-binary-risk-looms?auth_param=udil:1belcrb:bd561e592e57ffd906e1f95d467dcfde&uprof=46#alt3
EMKR
FWIW, ended up selling @ $5.52. Look to re-enter.
EMKR
Watching carefully. Zacks did a bullish article released this morning. Hard to know the strength due to the pump versus folks hoping for a one time dividend.
EMKR
Emcore: Stock Will Bounce Back Once Headwinds Subside
Feb. 16, 2016 12:34 PM ET| About: EMCORE Corporation (EMKR)
Summary
Broad market sentiment has amplified the selling after earnings.
The underlying Fiber business is being valued near nothing.
I will continue to buy shares as Emcore trades near cash value.
Emcore's (NASDAQ: EMKR) Q1 2016 report has caused shareholders to run for the exits, but can be explained by a few factors. One factor being the changing economic conditions have caused shareholders to develop a high uncertainty avoidance. The market sentiment has caused shareholders to hold cash instead of a micro-cap stock. The risks the market perceives toward Emcore are irrational. These risks include:
Cable TV spending will decelerate in 2016
Gross margins will remain weak
Broad market conditions will hold the stock down
Shareholders continue to focus on the short-term market narrative and are missing the longer term prospects of DOCSIS 3.1 and the Wafer Chip spending patterns.
DOCSIS 3.1 is still expected to accelerate in 2016.
Mark Weinswig Q1 2016 earnings call,
"In the Broadband Cable TV segment, over the past six quarters, we have seen significant strength in the results and outlook. In general, after tough times in 2012 and 2013, the Cable TV Optical Network Infrastructure business has seen improving market trends. Looking forward, EMCORE is excited about opportunities with the migration to DOCSIS 3.1 and the further investment by the MSOs to increase the capacity of their networks."
They are seeing record growth from their chip business
Jeff Rittichier Q1 2016 earnings call,
"The past quarter, we recognized revenues up $4 million with the majority being from GPON applications. Going forward we do expect non-GPON chips to comprise a greater fraction of our chip business than they did over the past year with our goal for non-GPON to be one-third of our chip revenues over the year.
As a matter of fact, non-GPON chip shipments in 2016 could be larger than our entire chip business was in 2015. EMCORE's long history as one of the industry's premier optical semiconductor companies has given us a substantial portfolio of chips to sell and the divestiture of our telecom module business eliminated any channel conflict concerns in the minds of our customers."
Business Trends
Remember the first quarter is cyclically slow for optical and semiconductor companies. The New Year is always a slow time of the year for Emcore because of the budgeting of customers. Once these budgets are established for 2016 we should see revenue acceleration into the fall. Looking at their Q1 2016 report gross profit margins were soft due to sales volumes being lower. The key point is why their margins declined - they need more sales to absorb fixed costs and drive margins higher. The most overlooked portion of the Q1 2016 report was their GPON chip business doubled YOY from $2 million to $4 million. Looking forward, they anticipate growth from non GPON chips to overtake GPON chip sales in 2016. In Q2 2016, sales guidance was in the range of $21 to $24 million and margins are expected to be in low to mid 30% range. Also, SGA is expected to decline from the settlement of the Sumitomo lawsuit, thus increasing their operating income by roughly $900,000. The decreased legal costs should lead to additional 2-3 cents of GAAP profitability setting up Q2 for an earnings beat.
Where is the Value?
With the stock trading near $5 per share, Emcore is one of the best bargains in the optics industry because they are cash flow positive, generate positive GAAP income, and are positioned for growth in their chip and DOCSIS 3.1 product lines. Emcore's underlying business is being valued at next to nothing and the current share price is based on the assets of the balance sheet. They hold $4.50 in cash and an additional $1.35 per share in current assets. Not taking into account the Fiber business or plant assets, If Emcore satisfied their liabilities they would have $4.93 per share to return to shareholders. The Fiber business is receiving effectively no value from Wall Street and shareholders have thrown the going concern principle out the door. The lack of respect Emcore is receiving from Wall Street leaves me feeling bullish because they will receive credit for their underlying fiber business once broad market sentiment reverses and we get out the slow part of the year.
Buy More Shares?
One thing I have learned from four years investing in optical companies is the stocks go through periods of depressed pricing due to two factors, one being cyclical trends in telecom/datacom spending and the second being broad market sentiment. Being in the early parts of the year we can't determine if spending has softened and we can determine the market has substantial negative sentiment. To put things into perspective, the emotional selling in this market has caused a number biotech companies to trade below their cash value. As long as Emcore trades near its cash value the risk to reward ratio is heavily in favor of the reward. If you don't mind holding stock during downtrends in optics the investment works in the longer term more than it doesn't. I remain confident that once the headwinds subside in the market, shareholders will begin to receive some sort of value to the underlying business and approach my $10 price target. Until then, I will continue adding to my stock position.
Disclosure: I am/we are long EMKR.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I may acquire more Emcore shares within 72 hours of publishing this article.
______________________________________________-
http://seekingalpha.com/article/3898606-emcore-q1-update?auth_param=udil:1bc6lld:a7f3c316c3f37cd1ef23fea79817c0e7&uprof=46#alt3
EMKR
Back in EMKR at $5.00 as it has dropped significantly. Oversold and undervalued.
Book/sh 5.27
Cash/sh 4.32
Quick Ratio 5.70
http://finviz.com/quote.ashx?t=emkr
Positive SA article:
"Strong Earnings For Emcore
Feb. 9, 2016 11:54 AM ET|1 comment | About: EMCORE Corporation (EMKR)
The Small-Cap Authority The Small-Cap Authority?Follow(257 followers)
Summary
The company reported inline revenue and EPS for both the quarter and guidance.
While gross margins failed to meet expectations, the margin contraction is temporary.
Cash balance increased to $4.54 per share, representing nearly 90% of the market cap - other liquid assets add almost $1 more per share.
Conference call was very positive, with an optimistic outlook for the cable TV and chip segments.
After the close on Thursday, Emcore Corp (NASDAQ:EMKR) reported their fiscal Q1 earnings. I've written previously in detail about the company and their impressive balance sheet, so right now I will focus on the quarterly update.
Revenue and EPS were both inline for the quarter and guidance, with an increase in the company's sizable cash position. There also were some very positive comments on the conference call that reiterate optimism for 2016 and beyond. While gross margins were lower than expected, this looks like a temporary situation, and the company was able to make up for the lower margins with higher volume to hit their numbers. In a bad day for the market, and what appears to be an overreaction to the gross margin, the stock is down double digits, and is trading even closer to its cash value.
Gross margin for the quarter was 32.9%, down from 35.5% in the last fiscal year. The decline was driven by under-absorption of overhead, product mix and pricing pressure on GPON chips. We believe that these issues are temporary as cable TV volumes increase with the DOCSIS 3.1 upgrade cycle, which will improve both product mix and cost absorption.
One of the most positive comments from the call was regarding the chip business. Currently, GPON chips represent almost 80% of the company's chip revenue, which is why GPON pricing pressure had such an impact on margins. As EMKR diversifies their chip business, they believe that non-GPON chip revenue will represent one-third of chip revenue this year. Further, and most interesting, is that non-GPON chip shipments in 2016 could be larger than the entire chip business was in 2015, signaling very strong growth in the coming year.
The balance sheet remains the most intriguing part of the EMKR story. The $4.3 million cash balance increase in the quarter gives the company $4.54 per share in cash, nearly 90% of the market cap, in addition to an NOL worth roughly $2 per share. In addition, other liquid assets (receivables plus inventory, minus payables) add $0.87 per share.
Company management is exploring options to return value to shareholders, which among other potential options will likely result in a one-time cash dividend that could be $2.50 to $3.00 per share. With the recent decline in the stock price to the low $5s, you are getting the company for essentially nothing. With an enterprise value of $23 million, and consensus EBITDA estimate for 2017 of $10.5 million, the stock is now trading at just 2.2x EBITDA.
Disclosure: I am/we are long EMKR.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
_________________________________________
http://seekingalpha.com/article/3878756-strong-earnings-emcore
Haven't verified the dividend, but what a deal if it happens! I can verify from the CEO's CC, this:
"Finally, with the continued strong results and large cash position, the Board of Directors is continuing to review options to enhance shareholder value. Last quarter we noted that the Board of Directors continued to evaluate the Company's cash needs and that the Company expects to approve a cash dividend or distribution to shareholders, with the timing and amount to be determined in the next few months following completion of a review. We are still in the process of working through this matter and expect to update shareholders in the future."
EMKR
Good to see EMKR got a mention in this news article that I copied and pasted from my trade account and made a nice run on Friday.
Axcelis Upgraded to Strong Buy on Improved Q4 Projections
2:15 pm ET January 18, 2016 (Zacks) Print
Zacks Investment Research upgraded Axcelis Technologies Inc. ACLS to a Zacks Rank #1 (Strong Buy) on Jan 15, 2016. Going by the Zacks model, companies holding a Zacks Rank #1 have strong chances of outperforming the broader market over the next few quarters.
Why the Upgrade?
Market sentiments were in favor of Axcelis Technologies in 2015. This was evident from an annual return of 1.2% and better-than-expected results in three of the trailing four quarters, with a positive average earnings surprise of 63.89%.
In addition, Axcelis Technologies’ share price has grown roughly 2.3% year to date in 2016. The hike was driven by the company’s recently updated guidance for fourth-quarter 2015. Revenues are expected at roughly $70 million, up from the previous projection of $60-$65 million; while operating profit is likely to come in at $2 million, up from the prior estimate of $1 million. Earnings are anticipated in a range of breakeven to 1 cent per share versus breakeven expected earlier. Also, the company’s cash and cash equivalents are likely to improve to $85 million from $80 million projected previously.
Axcelis Technologies’ increased confidence in fourth-quarter 2015 results has boosted investors’ optimism about its prospects. Over the last 7 days, the Zacks Consensus Estimate for the stock has increased 9.1% to 12 cents per share for 2016; while remaining unchanged at 12 cents for 2015. Also, the company currently has an Earnings ESP of +8.33% for 2015.
Other Stocks to Consider
Axcelis Technologies currently has a market capitalization of approximately $307 million. Other stocks worth considering in the industry include EMCORE Corporation EMKR, Cohu, Inc. COHU and Tessera Technologies Inc. TSRA. While EMCORE Corporation sports a Zacks Rank #1 (Strong Buy), both Cohu and Tessera Technologies carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
$EMKR DD Notes ~ http://www.ddnotesmaker.com/EMKR
bullish buy
$EMKR recent news/filings
## source: finance.yahoo.com
Mon, 22 Sep 2014 13:31:31 GMT ~ Will EMCORE (EMKR) Continue to Surge Higher?
[Zacks] - Will EMCORE (EMKR) Continue to Surge Higher?
read full: http://finance.yahoo.com/news/emcore-emkr-continue-surge-higher-133131043.html
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Mon, 22 Sep 2014 08:25:00 GMT ~ EMCORE Introduces Dual micro-ITLA Tunable Laser for Coherent Optical Networking Applications
[GlobeNewswire] - ALBUQUERQUE, N.M. -- EMCORE Corporation , a leading provider of compound semiconductor-based components and subsystems for the fiber optics and space solar power markets, announced today the introduction ...
read full: http://finance.yahoo.com/news/emcore-introduces-dual-micro-itla-082500693.html
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Mon, 22 Sep 2014 00:00:25 GMT ~ EMCORE Selling Space Solar Business to Veritas Capital
read full: http://www.foxbusiness.com/markets/2014/09/22/emcore-selling-space-solar-business-to-veritas-capital/
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Fri, 19 Sep 2014 18:41:33 GMT ~ EMCORE to Demonstrate End-to-End DOCSIS 3.1 CATV Transmission Link at SCTE's Cable-Tec Expo
[GlobeNewswire] - ALBUQUERQUE, N.M. -- EMCORE Corporation , a leading provider of compound semiconductor-based components and subsystems for the fiber optics and space solar power markets, announced today that it will host ...
read full: http://finance.yahoo.com/news/emcore-demonstrate-end-end-docsis-184133050.html
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Fri, 19 Sep 2014 15:02:20 GMT ~ The Morning Leverage: Space, Suds and Scotland
read full: http://blogs.wsj.com/privateequity/2014/09/19/the-morning-leverage-space-suds-and-scotland/?mod=yahoo_hs
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$EMKR charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$EMKR company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/EMKR/company-info
Ticker: $EMKR
OTC Market Place: Not Available
CIK code: 0000808326
Company name: EMCORE Corp.
Company website: http://www.emcore.com
Incorporated In: NJ, USA
$EMKR share structure
## source: otcmarkets.com
Market Value: $181,801,980 a/o Sep 22, 2014
Shares Outstanding: 30,709,794 a/o Aug 01, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$EMKR extra dd links
Company name: EMCORE Corp.
Company website: http://www.emcore.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=EMKR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=EMKR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=EMKR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/EMKR/news - http://finance.yahoo.com/q/h?s=EMKR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/EMKR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/EMKR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=EMKR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/EMKR
DTCC (dtcc.com): http://search2.dtcc.com/?q=EMCORE+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=EMCORE+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=EMCORE+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.emcore.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.emcore.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.emcore.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/EMKR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000808326&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/EMKR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/EMKR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=EMKR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=EMKR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/EMKR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=EMKR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=EMKR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=EMKR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=EMKR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=EMKR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/EMKR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=EMKR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/EMKR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=EMKR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/EMKR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/EMKR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/EMKR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/EMKR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/EMKR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=EMKR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EMKR
$EMKR DD Notes ~ http://www.ddnotesmaker.com/EMKR
9:36 EDT - Emcore's (EMKR) planned $150M sale of its space solar business is some $20M more than the company's market cap was, so that's why the stock is popping this morning. EMKR will still have operations in the cable and telecom-optical-component segments, but the space solar deal "materially increases the potential" for the rest of EMKR to get bought, says Needham. It thinks those operations are worth upwards of $150M combined. B Riley, meanwhile, hikes its price target to $10 from $6.50. Along with the deal came the announcement that CEO Hong Hou will step down when a replacement is found
$EMKR Explodes 51% Golden Cross Continuation Looking for the 200ma to serve as new support, my next upside target is a retest of previous highs imo.
ManicTrader Member Level Monday, 06/10/13 01:38:18 PM
Re: None
Post # of 13297
$EMKR 3.72-3.94 Alert, 5.3% could dip to 3.60 area where i will be a buyer. Gotta love this chart.
ManicTrader Member Level Thursday, 10/03/13 10:53:26 PM
Re: ManicTrader post# 12778
Post # of 13297
$EMKR 4.53 Swing Trade Breakout Watch Up 30% since my 3.72 alert. She is also hittting the 50 & 100ma on the weekly chart, its a tough climb but when she does finally i see the 200ma as my next target
Manic Stock Alerts Continues to Follow and Trade $EMKR
EMCORE Enters Into Solar Cell Assembly Supply Contract With the Indian Space Research Organisation
The Contract Award is Valued at $22 Million
ALBUQUERQUE, N.M., June 20, 2013 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today that it has entered into a supply contract with the Indian Space Research Organisation (ISRO) to manufacture, test, and deliver high-efficiency multi-junction solar cell assemblies for ISRO's commercial geostationary telecommunications and scientific earth observation satellite missions.
Over the past four decades ISRO has launched more than 65 satellites for various commercial and scientific applications. EMCORE has been a key supplier of solar cell products to ISRO for the past 15 years, including supplying solar equipment to power several INSAT telecommunications missions.
Over the term of this new multi-year contract, EMCORE expects to deliver Coverglass Interconnected Cells (CICs) incorporating its highest-efficiency ZTJ and ATJ solar cells for multiple satellite missions. With a conversion efficiency nearing 30%, the ZTJ solar cell is one of the highest performance multi-junction solar cells available on the market today. EMCORE's CICs employ the most advanced interconnect welding techniques in the industry and offer the highest reliability under severe space radiation environments and thermal stress conditions.
"This contract is a very significant award for EMCORE. It further reinforces our successful heritage in the Asia-Pacific satellite market, and expands our market share for both commercial and scientific missions," said Dr. Brad Clevenger, General Manager of EMCORE's Photovoltaics Division. "EMCORE has partnered with ISRO on many successful satellite missions, and we greatly value our long-standing business relationship. We look forward to supporting ISRO on its next phase of telecommunications and earth observation satellites."
EMCORE is one of the world's leading manufacturers of highly-efficient radiation-hard solar cells for space power applications. With a Beginning-Of-Life (BOL) conversion efficiency nearing 30% and the option for a patented, onboard monolithic bypass diode, EMCORE's industry-leading multi-junction solar cells provide amongst the highest available power to interplanetary spacecraft and earth orbiting satellites. EMCORE's proven manufacturing capability, technology leadership, and high-reliability solar cells and panels make us the supplier of choice for demanding spacecraft power systems.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for space power applications including high-efficiency multi-junction solar cells, Coverglass Interconnected Cells (CICs) and complete satellite solar panels. For further information about EMCORE, visit http://www.emcore.com.
About the Indian Space Research Organisation
The Indian Space Research Organisation was established to develop space technology and its applications to various national initiatives in India. ISRO has established two major space systems, the Indian National Satellite System (INSAT) series Geo-Stationary Satellites for communication, television broadcasting and meteorological services, and the Indian Remote Sensing (IRS) Earth Observation Satellite system for resources monitoring and management. For more information on ISRO, please visit http://isro.org/index.aspx.
Forward–looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE's expectations, goals or intentions, including, but not limited to, financial performance, production schedules, expected customer sales, product features and their benefits, product quality and product performance. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. Risks and uncertainties that could cause EMCORE's actual results to differ from those set forth in any forward-looking statement are discussed in more detail in EMCORE's SEC filings available at www.sec.gov, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
EMCORE Corporation
Navid Fatemi
Vice President, Business Development
(505) 332-5000
Investor
TTC Group
Victor Allgeier
(646) 290-6400
________________________________________________
http://www.globenewswire.com/news-release/2013/06/20/555384/10037067/en/EMCORE-Enters-Into-Solar-Cell-Assembly-Supply-Contract-With-the-Indian-Space-Research-Organisation.html
EMKR
DFB laser modules for wireless and distributed antenna system applications, from EMCORE
06/19/2013
Albuquerque, NM—
EMCORE Corp. (Nasdaq:EMKR), a provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets, has introduced two new Distributed Feedback (DFB) laser modules designed for analog wireless and Distributed Antenna System (DAS) applications. The new 1764 1550 nm C-Band DWDM and 1615 1310 nm DFB Laser Modules were previewed at ANGACOM, June 4-6 at the Cologne Germany Fairgrounds by EMCORE and EQ Photonics in hall 10.2, stand D038.
The increasing demands on wireless networks is creating greater and greater need for deployment of cost-effective, integrated wireless DAS systems. Both the new 1764 and 1615 Series laser modules are designed, tested and optimized specifically to support highly-linearized wireless applications. These lasers are matched to 50 Ohm systems typical of wireless networks and have a wide operating temperature range of -40 degrees C to +85 degrees C for reliable performance in harsh node environments and narrow transmitter designs. Both models have bandwidth up to 2.7 GHz.
The 1764 1550 nm C-Band DWDM Laser Module features low adiabatic chirp to maximize signal quality over both short and long fiber lengths. The laser's superior linearity minimizes degradation of the broadcast signals caused by distortions and non-linear effects. The 1764 is available in all C-Band ITU grid wavelengths. The 1615 1310 nm DFB Laser Module also delivers superior linearity and supports fiber lengths up to 10 km without dispersion issues.
All EMCORE lasers utilize the highly-linear, directly-modulated DFB technology which has become synonymous with the highest-quality, high-speed photonics that drove the wide-scale deployment of fiber optics in CATV networks, satellite earth stations and mobile phone antenna sites. EMCORE's new 1764 and 1615 DFB lasers extend that heritage of performance and reliability to today's demanding DAS applications and are compatible with the 4G LTE (Long-Term Evolution) standard for wireless high-speed data communications over mobile devices.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for space power applications including high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels.
________________________________________________________
http://www.utilityproducts.com/articles/2013/06/dfb-laser-modules-for-wireless-and-distributed-antenna-system-applications-from-emcore.html
EMKR
EMCORE Introduces 4K Ultra HD Ready Optical Extension Cards for Real-Time 1080p HD Video With KVM Extension and Audio Over Fiber
ALBUQUERQUE, N.M., June 12, 2013 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today the introduction of the Opticomm-EMCORE OTP-1DVI2A1UKM 4K Ultra HD Ready Optical Extension Cards for the Professional Audio/Visual (Pro AV) and Broadcast markets. These new 1080p Ultra HD video cards with Keyboard Video Mouse (KVM) extension will be demonstrated at InfoComm 2013, June 12-14 in booth 3525 at the Orange County Convention Center in Orlando, Florida.
The OTP-1DVI2A1UKM was designed to quickly convert, scale and send secure HD video and audio over fiber within government, or commercial facilities that require the highest-quality video to be displayed. This transmitter/receiver pair is ideal for applications such as large multi-screens, JumboTron, digital signage, VIP suite broadcasting, medical imaging, movie editing, drafting, animation and secure video conferencing. They transcode DVI to and from VGA / RGB / RBGHV / YPbPr with EMCORE's proprietary Intelli-scale technology and can instantly scale to the native resolution of any display up to 1920x1200, all in a compact one-slot transmitter/receiver. The OTP-1DVI2A1UKM provides seamless transmission of DVI, VGA or component video, audio over fiber and analog stereo audio, plus provides USB KVM for control of peripherals over long or short distances from 0.5 to 25 km.
"We are expanding our product offering to 4K Ultra HD resolutions and above to support future multimedia expectations and to continue development of leading-edge products for the Optiva platform," said Chris Larocca, Chief Operating Officer for EMCORE. "The OTP-1DVI2A1UKM is the first step toward delivering an entire product line that supports these new, advanced, extreme high-resolution mission-critical applications."
The full Optiva line of video, audio and data extension cards was designed to maintain lossless fiber extension between input and output signals. New signals may be added to most products through our proprietary Daisy-Chain technology without the need for additional fiber. The Optiva line of products also includes insert cards for up to 16 channels of multiplexing/demultiplexing, 16x16 matrix switching, optical add/drop, as well as remote system monitoring. Optiva insert cards can be installed in both 19" rack-mount and compact tabletop, or wall-mountable enclosures.
The complete breadth of Opticomm-EMCORE Pro AV and Broadcast products will be on display at Infocomm 2013, June 12-14 in booth 3525 at the Orange County Convention Center in Orlando, Florida. For more information, please visit www.Opticomm.com, or call 626-293-3400.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for space power applications including high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels. For further information about EMCORE, visit http://www.emcore.com.
Forward–looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE's expectations, goals or intentions, including, but not limited to, financial performance, production schedules, expected customer sales, product features and their benefits, product quality and product performance. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. Risks and uncertainties that could cause EMCORE's actual results to differ from those set forth in any forward-looking statement are discussed in more detail in EMCORE's SEC filings available at www.sec.gov, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
EMCORE Corporation
Frank Weiss
Vice President, Advanced Systems
(215) 259-2400
Investor
TTC Group
Victor Allgeier
(646) 290-6400
____________________________________________________________
http://www.globenewswire.com/news-release/2013/06/12/553620/10036052/en/EMCORE-Introduces-4K-Ultra-HD-Ready-Optical-Extension-Cards-for-Real-Time-1080p-HD-Video-With-KVM-Extension-and-Audio-Over-Fiber.html
EMKR
EMCORE Launches HDBaseT/CATx Solutions for HD Video With Audio
Switch, Convert and Extend Signals Up to 100 Meters From Source to Display Over CAT5e/6
June 11, 2013 08:27 | Source: EMCORE Corporation
ALBUQUERQUE, N.M., June 11, 2013 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today a new product line to support HDBaseT video and audio extension and distribution for the Professional Audio/Visual (Pro AV) and Broadcast markets. These HDBaseT CAT5e/6 products will be demonstrated at InfoComm 2013, June 12-14 in booth 3525 at the Orange County Convention Center in Orlando, Florida.
HDBaseT technology enables the 5PlayTM feature set for the delivery of uncompressed high-definition video, audio, control signals and power over a single CAT5e/6 cable. HDBaseT is simpler and more cost-effective to implement for video applications up to 100 meters, eliminating the common issues professional installers face concerning cable distance and the location of available power outlets.
The Opticomm-EMCORE HDBaseT line includes the new OTC Series of insert cards for the Optiva platform, the c-linx Series of stand-alone extenders, and the High-Definition Multimedia Matrix (HDMX) which switches, converts and extends CAT5e/6 in addition to other video formats. The OTC Series products are designed for Optiva platform 6- or 16-slot 19" rack-mount enclosures, or 1- or 2-slot tabletop, or wall-mountable enclosures and can be combined in the same frame with other Optiva family fiber optic cards. The HDMX is a multi-format, cross-point switch that supports HDBaseT inputs and outputs along with many other signal types including DVI, HDMI with HDCP, 3G HD-SDI with embedded audio, as well as analog video interfaces component, composite and VGA.
"Joining the HDBaseT Alliance presented us with an opportunity to launch a new product portfolio for the Pro AV market with our most advanced, complementary copper- and fiber-based solutions all in one," said Henok Tafese, Senior Director of Business Development for EMCORE. "Our new products maximize the benefits of HDBaseT with PoE (Power over Ethernet) technology to extend power through the CATx, while providing virtually unlimited display connections for multiple applications, all with reduced installation costs," said Tafese.
The complete breadth of Opticomm-EMCORE Pro AV and Broadcast products will be on display at Infocomm 2013, June 12-14 in booth 3525 at the Orange County Convention Center in Orlando, Florida. For more information, please visit www.opticomm.com, or call 626-293-3400.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for space power applications including high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels. For further information about EMCORE, visit http://www.emcore.com.
Forward–looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE's expectations, goals or intentions, including, but not limited to, financial performance, production schedules, expected customer sales, product features and their benefits, product quality and product performance. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. Risks and uncertainties that could cause EMCORE's actual results to differ from those set forth in any forward-looking statement are discussed in more detail in EMCORE's SEC filings available at www.sec.gov, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
EMCORE Corporation
Frank Weiss
Vice President, Advanced Systems
(215) 259-2400
Investor
TTC Group
Victor Allgeier
(646) 290-6400
___________________________________________________________
http://www.globenewswire.com/news-release/2013/06/11/553310/10035942/en/EMCORE-Launches-HDBaseT-CATx-Solutions-for-HD-Video-With-Audio.html
EMKR
EMKR Video Chart 6/7/2013
http://www.missionir.com/videos.html
EMCORE Introduces New DFB Laser Modules for Wireless and Distributed Antenna System Applications
ALBUQUERQUE, N.M., June 3, 2013 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets, announced today that it has introduced two new Distributed Feedback (DFB) laser modules designed for analog wireless and Distributed Antenna System (DAS) applications. The new 1764 1550 nm C-Band DWDM and 1615 1310 nm DFB Laser Modules will be previewed at ANGACOM, June 4-6 at the Cologne Germany Fairgrounds by EMCORE and EQ Photonics in hall 10.2, stand D038.
The increasing demands on wireless networks from social media, texting, email, and uploading and downloading of applications, music, videos and photos is creating greater and greater need for deployment of cost-effective, integrated wireless DAS systems. Both the new 1764 and 1615 Series laser modules are designed, tested and optimized specifically to support highly-linearized wireless applications. These lasers are matched to 50 Ohm systems typical of wireless networks and have a wide operating temperature range of -40°C to +85°C for reliable performance in harsh node environments and narrow transmitter designs. Both models have bandwidth up to 2.7 GHz.
The 1764 1550 nm C-Band DWDM Laser Module features low adiabatic chirp to maximize signal quality over both short and long fiber lengths. The laser's superior linearity minimizes degradation of the broadcast signals caused by distortions and non-linear effects. The 1764 is available in all C-Band ITU grid wavelengths. The 1615 1310 nm DFB Laser Module also delivers superior linearity and supports fiber lengths up to 10 km without dispersion issues.
"We are seeing a growing market opportunity for adaptation of our highly-linear DFB laser technology for specialized wireless and DAS applications," said Jaime Reloj, Vice President of Business Development for EMCORE. "Wireless systems providers are building systems in subway tunnels, massive stadiums, high-speed trains and cruise ships. Our new DFB lasers for wireless applications integrate extremely well into these systems, enhancing bandwidth to help enable the delivery of consistent, reliable WiFi signals in areas where interference is high, or signals are normally weak," said Reloj.
All EMCORE lasers utilize the highly-linear, directly-modulated DFB technology which has become synonymous with the highest-quality, high-speed photonics that drove the wide-scale deployment of fiber optics in CATV networks, satellite earth stations and mobile phone antenna sites. EMCORE's new 1764 and 1615 DFB lasers extend that heritage of performance and reliability to today's demanding DAS applications and are compatible with the 4G LTE (Long-Term Evolution) standard for wireless high-speed data communications over mobile devices.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for space power applications including high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels. For further information about EMCORE, visit http://www.emcore.com.
Forward-looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE's expectations, goals or intentions, including, but not limited to, financial performance, production schedules, expected customer sales, product features and their benefits, product quality and product performance. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. Risks and uncertainties that could cause EMCORE's actual results to differ from those set forth in any forward-looking statement are discussed in more detail in EMCORE'sSEC filings available at www.sec.gov, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: EMCORE CorporationJaime Reloj
Vice President, Business Development
(510) 896-2126
jaime_reloj@emcore.com
Investor
TTC GroupVictor Allgeier
(646) 290-6400
vic@ttcominc.com
Read more: http://www.nasdaq.com/article/emcore-introduces-new-dfb-laser-modules-for-wireless-and-distributed-antenna-system-applications-20130603-00407#ixzz2V9kUIEPT
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EMKR
ATK Taps Emcore to Build Solar Panels for NASA Green Fuel Mission
Published by David J. Barton on May 22, 2013 | 0 Comment
ATK has awarded Emcore Corp. a contract to design and build solar panels for a NASA satellite that is meant to complete the Green Propellant Infusion Mission starting in 2015.
The mission aims to demonstrate AF-M315E as a green alternative to hydrazine, a highly toxic fuel used for spacecrafts, according to an Emcore statement.
AF-M315E is low-toxicity and is supposed to have a higher density than hydrazine, while also delivering a greater thrust per given quantity of fuel.
For the solar panel program, Emcore intends to utilize its ZTJ triple-junction solar cells to power the payload on the spacecraft.
ATK will integrate its solar arrays with Emcore’s panels for the satellite’s flight configuration.
The GPIM team also includes Aerojet Corp., NASA’s Glenn Research Center, the Air Force Research Laboratory, NASA’s Kennedy Space Center and the Air Force Space and Missile Systems Center.
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EMKR
I'm not in, but would have been if the open was green.
Fortunately I sold prior to closing and was primarily interested in the run-up. However, I was prepared to get back in if the results were good, but guidance was not. I'll keep watching as there may some gains on news over the next few months.
Hope you are OK. Emcore is too good of a company to be down this low don't you think?
EMKR
Level II shows two 1,004,025 share trades @ $3.82 just past 4:00PM. Probably t-trades. ~7.7 million dollars!! Low $3.80ish level must be a good bet.
EMKR
EMCORE JPEG 2000 Video over IP Encoding/Decoding Technology Transforms HD Video Signal Distribution
Opticomm-EMCORE NV Series Converges IP With Professional Audio/Visual (AV) Networks
ALBUQUERQUE, N.M., June 11, 2012 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today the introduction of the Opticomm-EMCORE NV Series JPEG 2000 products, providing the Broadcast and Professional Audio/Visual (AV) markets with the highest quality and lowest latency real-time High-Definition (HD) video distribution over Internet Protocol (IP). These JPEG 2000 products will be demonstrated at InfoComm 2012, June 13-15 in booth N2141 at the Las Vegas Convention Center.
The NV Series sends out high-resolution 3G HD, HDMI or DVI signals to HD monitors in one or multiple locations, using IP infrastructures. This breakthrough technology can be used to distribute HD digital content from multiple sources to almost unlimited displays over LAN.
"When video is transmitted directly from a live site to an editing studio, having very low latency is the most crucial aspect of the system. In our new NV Series of products, HD video and audio signals are received by the encoder, compressed using JPEG 2000, and transmitted with a latency of less than 50 milliseconds via an IP network," said Henok Tafese, Senior Director of Business Development for EMCORE.
When the NV Series is combined with a compatible managed Ethernet switch setup, the most flexible HD matrix switching distribution system can be created. The NV series allows our customers to move from matrix switch to managed-Ethernet switch by cascading multiple switches, so that numerous displays may be located long distances from their sources while sustaining consistent 1080p video and sound quality.
In addition, the NV series also allows USB data to be sent along with high-quality HD video and audio distribution signals to control a remote keyboard and mouse. The NV encoders and decoders may be configured via API (Application Program Interface) or a web server, and can be mounted in a 19" 1RU rack or used as a stand-alone unit.
The new Opticomm-EMCORE NV Series JPEG 2000 products are part of a complete HD video over IP solution that also includes the HD Series MPEG-4/MPEG-2 compression/decompression products. The complete breadth of these Broadcast and Professional AV products will be on display at Infocomm 2012, June 13-15, booth N2141 in the North Hall of the Las Vegas Convention Center. For more information, please visit www.Opticomm.com, or call 626-293-3400.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for both space and terrestrial solar power applications. For space applications, EMCORE offers high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels. For terrestrial applications, EMCORE offers a broad portfolio of Concentrator Photovoltaic (CPV) multi-junction solar cells and components, as well as commercial rooftop solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com
Forward–looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding the company's expectations, goals or intentions, including, but not limited to, product features and their benefits, product quality and network growth. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about the company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. Risks and uncertainties that could cause the company's actual results to differ from those set forth in any forward-looking statement are discussed in more detail under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: EMCORE Corporation
Frank Weiss
Vice President, Advanced Systems
(215) 259-2400
frank_weiss@emcore.com
Investor
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
_________________________________________________
http://www.globenewswire.com/newsroom/news.html?d=258783
EMKR
EMCORE Now Shipping Advanced Optiva Next-Generation Optical Extension Cards for Real-Time 1080p HD Video Over Fiber
ALBUQUERQUE, N.M., June 6, 2012 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today that it is ramping production and shipping the Opticomm-EMCORE NEXTGEN OTP-1DVI2A1SU insert cards for the Optiva platform. Since its market debut in 2011, the OTP-1DVI2A1SU has seen multiple upgrades and enhancements to make it more customizable and energy efficient, while still delivering real-time, high-bandwidth video over fiber optic transport systems for the Broadcast and Professional Audio/Visual (AV) markets. This product will be demonstrated at InfoComm 2012, June 13-15 in booth N2141 at the Las Vegas Convention Center.
The OTP-1DVI2A1SU provides seamless transmission of DVI or VGA video, stereo analog or digital audio, and USB KM and RS-232 serial data for control of peripherals over long or short distances from 0.5 to 70 km. This transmitter-receiver pair is ideal for applications such as large multi-screens, JumboTron, digital signage, VIP suite broadcasting, medical imaging, graphic design, movie editing, drafting, KVM workstations, animation and secure video conferencing.
Featuring the improved scaling capabilities of our proprietary Intelli-scale technology, the OTP-1DVI2A1SU seamlessly receives any analog or digital resolution and then automatically scales its output to the monitor's native resolution. This allows for easy integration and solves compatibility issues between monitors and source types. It supports graphics resolutions up to 2560x1600 / 60Hz and video resolutions up to 1080p / 60Hz without compression or degradation of picture quality.
"We continue to offer industry-leading products that rapidly scale and convert almost any format of high-resolution analog or digital video over fiber, while minimizing integration complexity and reducing installation time," said Henok Tafese, Senior Director of Business Development for EMCORE.
The full Optiva line of video, audio and data extension cards was designed to maintain lossless fiber extension between input and output signals. New signals may be added to most products through our proprietary daisy-chain technology without the need for additional fiber. The Optiva line of products also includes insert cards for up to 16 channels of multiplexing/demultiplexing, 16x16 matrix switching, optical add/drop, as well as remote system monitoring. Optiva insert cards can be installed in both 19" rackmount and compact tabletop, or wall-mountable enclosures.
The complete breadth of these Broadcast and Professional AV products will be on display at InfoComm 2012, June 13-15, booth N2141 in the North Hall of the Las Vegas Convention Center. For more information, please visit www.Opticomm.com, or call 626-293-3400.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the fiber optics and solar power markets. EMCORE's Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE's Solar Photovoltaics business segment provides products for both space and terrestrial solar power applications. For space applications, EMCORE offers high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs) and complete satellite solar panels. For terrestrial applications, EMCORE offers a broad portfolio of Concentrator Photovoltaic (CPV) multi-junction solar cells and components, as well as commercial rooftop solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com
Forward-looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding the company's expectations, goals or intentions, including, but not limited to, product features and their benefits, product quality and network growth. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about the company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. Risks and uncertainties that could cause the company's actual results to differ from those set forth in any forward-looking statement are discussed in more detail under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: EMCORE Corporation
Frank Weiss
Vice President, Advanced Systems
(215) 259-2400
frank_weiss@emcore.com
Investor
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
________________________________________________________
http://www.globenewswire.com/newsroom/news.html?d=258378
EMKR
Stock to Watch: Emcore Up 7.1% (EMKR)
Apr 23, 2012 (SmarTrend(R) Spotlight via COMTEX) --
Emcore (NASDAQ:EMKR) is one of today's best performing low-priced stocks, up 7.1% to $4.25 on 1.0x average daily volume. Emcore has traded 247,000 shares thus far today, vs. average volume of 239,000 shares per day. The stock has outperformed the Dow (7.1% to the Dow's -1.1%) and outperformed the S&P 500 (7.1% to the S&P's -1.0%) during today's trading.
Emcore (NASDAQ:EMKR) has potential upside of 123.5% based on a current price of $4.25 and analysts' consensus price target of $9.50. The stock should discover initial support at its 50-day moving average (MA) of $4.20 and subsequent support at its 200-day MA of $2.11.
EMCORE Corporation offers a broad portfolio of products for the broadband, fiber optic, satellite and terrestrial solar power markets. The Company's products include optical components and systems for high-speed data and telecommunications networks, cable television, and fiber-to-the-premises applications, and products for both satellite and terrestrial power generation.
In the past 52 weeks, Emcore share prices have been bracketed by a low of $0.82 and a high of $5.99 and are now at $4.25, 418% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 7.2% while the 200-day MA has risen 1.6%.
SmarTrend is tracking the current trend status for Emcore and will alert subscribers who have EMKR in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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http://news.tradingcharts.com/futures/2/5/177468452.html
EMKR
EMKR doing very well today while the overall market languishes. Run up to quarterlies on April 26th??
EMKR
EMCORE Awarded Solar Panel Manufacturing Contract by Ball Aerospace & Technologies Corporation
Contract Value of Award is Approximately $6 Million
ALBUQUERQUE, N.M., April 16, 2012 (GLOBE NEWSWIRE) --
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today that it has been awarded a contract by Ball Aerospace & Technologies Corporation (BATC) to design, manufacture, test and deliver solar panels for a new spacecraft. The period of performance for this program is about 2 years, with a total contract value of nearly $6 million.
The solar panels delivered to BATC will be populated with EMCORE's ZTJ multi-junction solar cells. The ZTJ is currently the highest performance space-grade solar cell available in volume production to the global market. Production of the solar cells and panels will take place at EMCORE's state-of-the-art manufacturing facilities located in Albuquerque, New Mexico, USA.
"We are very pleased to receive this award from Ball Aerospace & Technologies Corporation and recognize their confidence in our capabilities to manufacture and deliver the solar panels for this important mission," said Christopher Larocca, Chief Operating Officer for EMCORE. "Our proven manufacturing capability, technology leadership and high-reliability solar panels make EMCORE the supplier of choice for demanding spacecraft power systems."
EMCORE is the world's leading manufacturer of highly-efficient radiation-hard solar cells for space power applications. With a beginning-of-life (BOL) conversion efficiency nearing 30% and the option for a patented, onboard monolithic bypass diode, EMCORE's industry leading multi-junction solar cells provide the highest available power to interplanetary spacecraft and earth orbiting satellites.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premise (FTTP), as well as specialty photonics technologies for defense and homeland security applications. EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com.
About Ball Aerospace & Technologies
Ball Aerospace & Technologies Corporation, a subsidiary of Ball Corporation, designs, develops and manufactures innovative aerospace systems including spacecrafts, instruments, RF and microwave technologies, and data exploitation solutions for governmental and commercial customers. Ball Aerospace is a respected leader in providing integrated spacecraft buses for payload integration and precision spacecraft for interplanetary and space science missions. For more information about Ball Aerospace, please visit http://www.ballaerospace.com.
Forward–looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, any statement or implication that the contract described in this press release will be successfully completed. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair the Company's results of operations, business, and financial condition. These risks and uncertainties include, but are not limited to, (a) the termination for convenience of the contract, which is permitted by the terms of that contract, and (b) factors discussed in more detail under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: EMCORE Corporation
Mark Weinswig
Chief Financial Officer
(505) 332-5000
investor@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
______________________________________________________
http://www.globenewswire.com/newsroom/news.html?d=252068
EMKR
EMCORE Corporation Announces $17 Million Sale of Assets for Its VCSEL-Based Product Lines
ALBUQUERQUE, N.M., Mar 28, 2012 (GlobeNewswire via COMTEX) --
EMCORE Corporation EMKR -0.82% , a leading provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets, announced today that it had entered into a definitive agreement, subject to closing conditions, to sell certain assets and transfer certain obligations of its Vertical Cavity Surface Emitting Lasers (VCSEL)-based product lines to Sumitomo Electric Device Innovations USA, Inc. (SEDU). The consideration for this sale will be $17 million in cash, subject to closing adjustments.
The assets to be sold include fixed assets, inventory and intellectual property for the VCSEL-based product lines within EMCORE's fiber optics business unit. These product lines include VCSEL and photodiode components, parallel optical transceiver modules, and active optical cables. EMCORE will retain its Telecom and Broadband fiber optics products that include its market leading tunable lasers, tunable XFPs, Cable TV modules and transmitters, FTTx transceivers, Indium Phosphide (InP)-based lasers, photodiodes, and modulators, video transport and specialty photonics products. The sale of the VCSEL product line allows EMCORE to focus its fiber optics product portfolio in areas of strong product differentiation. In fiscal year 2011, the VCSEL-based product lines contributed approximately 5% of EMCORE's overall revenue.
Furthermore, this sale of the VCSEL-based product lines is expected to simplify EMCORE's operating structure, reduce fixed costs, and improve market focus. EMCORE's core competencies in compound semiconductor-based products and performance capabilities remain the cornerstones of its Fiber Optics business, addressing high-speed fiber optic transmission for telecom, broadband, and military and defense applications.
"The decision to sell the VCSEL-based product lines is strategic and market driven," stated Dr. Hong Hou, EMCORE's Chief Executive Officer. "Our product and technology portfolio is strongly aligned to support current and future requirements in tunable, coherent high-speed transmission systems and next-generation broadband architectures. The proceeds from the transaction significantly improve our balance sheet and the sale is expected to reduce the time to reaching profitability. Along with the improved operating model, the transaction will benefit our customers as we focus our investment in telecom, broadband and specialty photonics products to remain industry leaders in those respective product lines in our fiber optic business segment."
The transaction is expected to close shortly after securing regulatory approval by the Committee on Foreign Investment in the United States ("CFIUS").
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optics, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premise (FTTP), as well as specialty photonics technologies for defense and homeland security applications. EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com .
About Sumitomo Electric Device Innovations USA, Inc., (SEDU)
Sumitomo Electric Device Innovations USA, Inc., (SEDU), a subsidiary of Sumitomo Electric Inc, is a leading provider of optical components and modules to the telecom, CATV, broadband, and data communications markets. SEDU offers a comprehensive array of transceivers, transmitters, receivers, lasers, photodiodes, and passive components. SEDU also provides a comprehensive line of RF high power wireless solutions. SEDU focuses on the Americas market, while drawing on the well-established global presence of Sumitomo to achieve integrated support to customer facilities throughout the world. http://www.sei-device.com .
Forward--looking statements:
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including forward-looking statements regarding the asset sale transaction contemplated by the Company's master purchase agreement with SEDU, the possibility of obtaining regulatory approvals for that transaction and the Company's future prospects. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation, risks relating to the likelihood of obtaining regulatory and other approvals necessary to consummate the asset sale transaction with SEDU, risks related to our ability to profitably grow our company, and other risks detailed in our filings with the SEC, including those detailed in EMCORE's Annual Report on Form 10-K under the caption "Risk Factors," as updated by EMCORE's subsequent filings with the SEC, all of which are available at the SEC's website at http://www.sec.gov . You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. EMCORE Corporation does not intend, and disclaims any obligation, to update any forward-looking information contained in this release or with respect to the announcements described herein.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: EMCORE Corporation
CONTACT: EMCORE Corporation
Mark Weinswig
Chief Financial Officer
(505) 332-5000
investor@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
______________________________________________________
http://www.marketwatch.com/story/emcore-corporation-announces-17-million-sale-of-assets-for-its-vcsel-based-product-lines-2012-03-28
EMKR
Currently sitting on the 50 DMA of $4.75. Not much resistance above.
BarChart has as Strong Buy with resistances at $4.94 and 5.05:
http://www.barchart.com/quotes/stocks/EMKR
EMKR - Daily Candlesticks
EMKR
Daily Chart Analysis - You can see that this chart is pretty much inconclusive. I'm still confused by the reverse split since the company has no earnings, reducing the number of outstanding shares doesn't do anything to bolster up the price except for the immediately change from the split itself. If the rumors are true that EMKR may sell off part of the company, there could be some extraordinary gains resulting in EPS. But, at the moment the chart seems to be in limbo and the rumors are just rumors so, I'm on the sidelines at the moment. EMKR - Daily Candlesticks
I don't have a technical opinion on EMKR at the moment. I heard a rumor yesterday that EMKR may sell one of their facilities but, it's only a rumor. The details should be announced soon. Not sure how the stock will react to that news so, I'm not planning to do anything until I see what happens as a result of that. Following the Reverse Split, I was fairly confident that price would go down which it did. So, I have not been watching it closely as I trade it from the long side.
Yes, I'm keeping an eye on EMKR. In my opinion, it's way over valued at the moment and I do not think that support at $4.00 will hold. They have no positive earnings so, all they did was raise the price of the stock with that reverse split. But, it's not worth $4.00/share even with a smaller float because the earnings are not there. The Price/Book ratio is $1.42 so that should be the absolute bottom give or take $0.50/share. I'm inclined to be patient and see what it does. If there are increased sales in the next quarterly then perhaps we will see some stability in the price. But with a PE of -$1.95, it's not likely to be worth $4.00 in the eyes of investors and traders. Just my opinion. I'm still watching ROSG and it still looks like it could still reach the original objective I had for it. ROSG - Weekly Candlesticks
Hey man you still watching this I see it falling just wondering if you thinking about a reentry here? Im thinking let it fall close to 4.00 and take a stab but wanted your take too.
I agree best to sit on the sidelines on this one now unless they get a big contract that can bring them positive on earnings then its will be time to load up imo.
Ok, so a 4:1 reverse split was approved. I don't believe the current earnings can support a price of $4.00 or more so, I'm probably going to sit this one our until after the spit an then decide which way the price is liable to go at that time. My feeling is that immediately after the split the price will drop and find support somewhere and that would be the best place to buy in my opinion. I have not seen too many companies fair well ding a reverse split with a negative P/E ratio. While this reverse split will keep the company out of trouble for a while regarding the minimum price per share on NASDAQ which appears to be their objective, if the earnings do not increase significantly over the coming year, the price could easily fall all the way back to where it is now. That's my opinion! As a swing trader, I need to take profits before the R/S and stay out until I see price stabilization following the split.
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This board is for fundamental and technical discussion about EMCORE Corporation, EMKR.
EMCORE Corporation provides compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets.
The company's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over fiber optic cables for high-speed data and telecommunications, cable television, and fiber-to-the-premises networks.
EMCORE Corporation's Solar Power segment provides solar products for satellite applications, including compound semiconductor-based gallium arsenide solar cells, covered interconnect cells, and integrated solar panels; and terrestrial applications, such as concentrating photovoltaic systems (CPV) for utility scale solar applications, gallium arsenide solar cells, and CPV components for use in solar power concentrator systems.
It sells its products worldwide through direct sales force, external sales representatives, distributors, and application engineers.
The company was founded in 1984 and is headquartered in Albuquerque, New Mexico.
10420 Research Road, SE
Albuquerque, NM 87123
(505) 332-5000
(505) 332-5038
info@emcore.com
http://www.emcore.com
Company Officers
Reuben F Richards Chmn., Dir.
Hong Q Hou CEO, Pres.
Adam Gushard CFO
John M Iannelli CTO
Keith J Kosco Secy.
Fiber Optics Solar Photovoltaics
2008 Annual Report
www.emcore.com/assets/invest/EmcoreAnnualReport2008.pdf
2009 Annual Report
NEWS
www.marketwatch.com/investing/stock/emkr/news
SEC-Filings www.sec.gov/cgi-bin/browse-edgar
Yahoo! Finance (i.e Real-Time) finance.yahoo.com/q
Short Interest shortsqueeze.com/
Insider Trading www.secform4.com/insider-trading/808326.htm
MFFAIS www.mffais.com/emkr
Technical Indicators (Barchart) quote.barchart.com/quote.asp
Morningstar quicktake.morningstar.com/stocknet/StockReturns.aspx
Knobias (only members) www.knobias.com/individual/public/quote.htm
Calendar of SEC Holidays & EDGAR Filing Deadlines www.secfile.net/SEC_calendar.htm#Calendar%20of%20SEC%20Holidays
Do your own DD & trade smart
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