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That is correct; it will drop $1.50 on the ex-date. But...usually within a reasonable period of time, most stocks will gain that adjustment back. The price isn't being dropped because of bad earnings or revenues.
In terms of valuation the company fundamentals are basically the same. Which is why, most of the time...most stocks will gain the ex-date price adjustment back. Especially if we are in a bull market. All of this is my opinion. Evaluate the situation for yourself on the basis of it's own merits.
Good luck...
So according to this site the pps will drop $1.50 on the ex-date:
Quote:
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DIVIDEND UNIVERSITY
Share
Everything Investors Need to Know About Special Dividends
Jared CummansOct 14, 2014
Special dividends are one-time cash payouts to shareholders (sometimes referred to as special cash dividends). Sometimes, when a company has extra cash on the books, rather than reinvest it back into the company, it will pay it out to shareholders on a one-off basis.
Background on Special Dividends
Special dividend payments
Special dividends are also known as one-time dividends. These payouts are made to shareholders and declared to be separate from regular dividends. They are typically one-off events and are thus not factored into a stock’s dividend yield.
These one-time dividends have become increasingly popular even among companies that do not pay a regular dividend. In tough economics times, as been the case since after The Great Recession, companies are looking to do something with excess capital. Instead of trying to expand their operations with risky capital investments, they are instead choosing to distribute the profits to shareholders. Complete your investing knowledge; check out Everything Investors Need to Know About Ex-Dividend Dates.
When Are They Paid?
A company will usually pay out a special dividend after strong earnings as a way to reward long-term investors. However, there are times when special dividends are paid out when a company is trying to make changes to its financial structure. For instance, Iron Mountain (IRM ) announced that it would pay out a special dividend amid plans to convert to a Real Estate Investment Trust. Either way, special dividend announcements are typically made in advance of any kind of pay out.
These payouts are often quite large, usually much larger than normal dividend payouts. They can reach prices that represent 30% of a stock’s current price (i.e. a $10 stock may pay out a $3 special dividend) — or even more. This is great for current shareholders. However, it is impossible to predict when a company will payout a special dividend. There are no set schedules or warnings signs that a one time dividend will be coming. If you own the stock and it decides to pay, great; that is an added benefit of being a shareholder. Before you get further into investing, check out 40 Things Every Dividend Investor Should Know About Dividend Investing.
More on Large Special Dividends
Cash dividend payouts
As stated above, sometimes special cash dividends make up a large percentage of a stock’s price. Many times this means that these large special dividends are applied with certain rules that differentiate them from normal dividends. The biggest difference concerning special dividend stocks is that the ex-dividend (for special payouts) comes after the record and pay date, not before (like is the case with regular dividends or smaller special dividends).
This difference occurs because on the ex-dividend date the stock exchange adjusts the stock price to account for the dividend to be paid out. If this same procedure were to happen in the case for a large dividend, say 25% of the stock price or more, then this might signal a huge drop in share price that could affect many traders and investors.
Rather than deal with these headaches, the stock exchanges apply a special rule to deal with these large one-time dividends. The exchanges (not the companies) set an ex-dividend after the record and pay date. Now, you may be wondering how some might receive their dividend if it is paid before the ex-dividend date (the date on which owners of a stock have the right to receive the dividend). To get around this obstacle, the stocks bought or sold in the period from the record date to the ex-dividend date (the due bill period) are tagged with something called a “due bill.”
The due bill documents are a contract that lays out a stock seller’s obligation to deliver the dividend to the stock buyer. For example, let’s say company XYZ is offering a special dividend that is worth 30% of the current share price. This dividend is tagged with a record date of March 1, a pay date of March 15, and an ex-dividend date of March 18. If an owner of stock from XYZ holds the asset through March 15, he would receive the dividend paid at that point. However, if he were to sell that stock on March 17, then the new owner of the asset on the ex-dividend date of March 18 would have the right to the dividend that the original owner has already pocketed. Therefore, the due bill attached to the stock is a promissory note mandating that the original owner passes on the dividend to the new owner.
Date Dividend Event
March 1 Record Date
March 15 Pay Date
March 18 Ex-Dividend Date
Special Dividend Payout Example
This process is a bit complicated, but it is in place so that a stock’s value is not unfairly compromised in a manner that might impact margin calls or other trading transactions. However, this 25% or more rule is a general rule, not a strict one. Many times foreign dividend paying stocks are not held accountable to this stipulation by the stock exchanges. Moreover, some domestic shares are granted an exclusion from this process. It would benefit investors if the criteria to determine which stocks are subject to these rules were made public, but currently the factors FINRA uses to make this call are determined on a case-by-case basis.
Investing Strategies
Investors might be tempted to trade around, or “capture,” special dividends to take advantage of the high yields. However, the stock exchanges set complicated dividend dates in order to prevent traders from trying to take advantage of the dividend system. And as with all dividend payouts, the stock price will be negatively adjusted on the ex-dividend date to reflect the upcoming payout. Special dividends are strictly to reward long-term shareholders.
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http://www.dividend.com/dividend-education/special-dividends-everything-investors-need-to-know/
EMKR
Not sure you are correct. Check out:
Quote:
____________________________________________________
Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.
exdiv.gif (check article for chart)
Copyright © 2016 Investopedia.com
As you can see by the diagram above, if you buy on the ex-dividend date (Tuesday), which is only two business days before the date of record, you will not receive the dividend because your name will not appear in the company's record books until Friday. If you want to buy the stock and receive the dividend, you need to buy it on Monday. (When the stock is trading with the dividend the term cum dividend is used). But, if you want to sell the stock and still receive the dividend, you need to sell on or after Tuesday the 6th.
*Note: Different rules apply if the dividend is 25% or greater of the value of the security. In this case, the Financial Industry Regulatory Authority (FINRA) indicates that the ex-date is the first business day following the payable date. For further details on dividend issues, look at FINRA's website.
Read more: Dissecting Declarations, Ex-Dividends And Record Dates | Investopedia http://www.investopedia.com/articles/02/110802.asp#ixzz4EOjsJfK5
According to the company:
The record date is 7/18/2016 so I believe today is the last date to buy. The payable date is 7/29/2016 and the ex-date is 8/1/2016. So I believe you need to buy today to be on record and hold through 8/1/2016 to get the dividend. The shares should not be adjusted until 8/1/2016 if then. I'm not sure and checking if there is a down adjustment since it is a special dividend.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123753776
EMKR
I am hoping for nice up day tomorrow. That is the last day investors can get in, and still get the divy. Monday the price will be adjusted down for the dividend. I still like it a lot, and I believe the price will rebound after the adjustment. Won't happen over night, but it will come back IMO. Do your own DD.
Seems to me to be a great deal. Can't understand why ~582,000 shares sold (and bought) yesterday -- over double the typical average. Why sell so close to the record date? See some covering their shorts and some taking profit, but why are the institutions letting the divy go, especially given EMCORE's long range prospects seem so good. Even if drops after the record date can't see it dropping more than the realized dividend.
Hard to find info since so few folks follow this stock. What am I missing?
I'm going for more on any dip and bid sit the next few days.
EMKR
The more I hear about this, I think it is a real sleeper! Should do well long term.
Analyst Favorites With Strong Buyback Activity: EMCORE Ranks As a Top Pick
By The Online Investor Staff, Tuesday, July 12, 1:27 PM ET
A study of analyst recommendations at the major brokerages shows that EMCORE Corp. (NASDAQ:EMKR) is the #5 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.
Investors are often keenly interested in knowing which companies are buying back their own stock, because companies often will only make such a move if they feel their stock is undervalued. EMCORE Corp. is a company with strong buyback activity that is also considered a compelling buy by analysts; a bullish investor could take this to mean that sharp analyst minds came to the same bullish conclusion as the company itself that the stock is a good value, and therefore the stock should do well in the future.
Analysts studying companies buying back their own stock will also factor into their analysis that future earnings will now be spread over a smaller share count, thereby increasing the per-share earnings the remaining shares will enjoy, versus what that same number would have been absent the stock buyback activity.
EMKR operates in the Semiconductors sector, among companies like Intel Corp (INTC) which is up about 1% today, and Taiwan Semiconductor Manufacturing Co., Ltd. (TSM) trading lower by about 1%. Below is a three month price history chart comparing the stock performance of EMKR, versus INTC and TSM.
EMKR,INTC,TSM Relative Performance Chart
(chart omitted)
EMKR is currently trading up about 1.3% midday Tuesday.
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http://www.theonlineinvestor.com/article/201607/analyst-favorites-with-strong-buyback-activity-emcore-ranks-as-a-top-pick-MKR07122016bbdarling.htm/?utm_medium=twitter&utm_source=twitterfeed
EMKR
EMCORE Awarded its Largest Contract to Supply Fiber Optic Gyroscopes for Airborne Navigation Systems Applications
The Contract is Valued at $3 Million
ALHAMBRA, Calif., July 12, 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 been awarded a $3 million contract to supply Fiber Optic Gyroscope (FOG) modules to a major U.S. prime contractor for use in airborne navigation systems applications. The contract is for FOG modules based on EMCORE's EMP series that are expected to be shipped this year with the potential for additional FOG shipments totaling $15 million over a five-year period.
EMCORE's FOG modules feature advanced integrated optics and closed-loop Digital Signal Processing (DSP) electronics to deliver higher accuracy, lower noise, greater efficiency, improved drift stability and higher linearity than competing technologies. They leverage our core Mixed-Signal technology with both analog and digital circuits combined on multiple chips, or even a single chip. Mixed-Signal technology is at the heart of all EMCORE products and requires a specialized expertise which is unique in the optics industry.
EMCORE FOGs are designed to operate over a broad distance range with a typical bias drift from .05 to .01 degrees per hour. Bias drift is an important measure of accuracy and precision of the FOG, with lower bias models delivering higher performance overall. These performance specifications are ideal for demanding airborne navigation systems applications. EMCORE's FOG technology also has broad application for land-based and maritime navigation systems.
"With the advancements in integrated optical packaging and rate sensor technology in our latest generation of FOGs, EMCORE has been able to achieve noise values that are two-times lower than the traditional implementation of FOG technology," said Dr. K.K. Wong
, Director of Fiber Optic Gyro Products for EMCORE. "This provides us a price-performance advantage that has enabled us to achieve deeper penetration into the market for airborne navigation and aeronautic systems applications," added Dr. Wong.
"This is a very important contract award for our navigation sensor business," commented Jeffrey Rittichier
, EMCORE's President and CEO. "This is an important validation of our Mixed-Signal optics strategy, and an application where we expect to see significant growth potential over the next several years. We are extremely pleased to win this contract, and to supply our FOG modules in volume to one of our most valued customers."
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 statements include statements regarding EMCORE's plans, strategies, business prospects, growth opportunities, 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 EMCORE's products and uncertainty regarding the development of these markets; (b) EMCORE'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 CorporationGyo Shinozaki
Vice President of Marketing
(626) 293-3616
gshinozaki@emcore.com
Media
Joel Counter
Manager, Corporate Marketing Communications
(626) 999-7017
media@emcore.com
Investor
Erica Mannion
Sapphire Investor Relations, LLC
(617) 542-6180
investor@emcore.com
Source: EMCORE Corporation
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http://www.nasdaq.com/press-release/emcore-awarded-its-largest-contract-to-supply-fiber-optic-gyroscopes-for-airborne-navigation-20160712-00637
EMKR
Emcore Corporation (NASDAQ:EMKR) Shorted Shares Decreased By 7.48%
by Staff Contributor — July 10, 2016
The stock of Emcore Corporation (NASDAQ:EMKR) registered a decrease of 7.48% in short interest. EMKR’s total short interest was 477,200 shares in July as published by FINRA. Its down 7.48% from 515,800 shares, reported previously. With 172,200 shares average volume, it will take short sellers 3 days to cover their EMKR’s short positions. The short interest to Emcore Corporation’s float is 1.99%. The stock increased 2.10% or $0.13 on July 8, hitting $6.31. EMCORE Corporation (NASDAQ:EMKR) has declined 17.95% since December 2, 2015 and is downtrending. It has underperformed by 20.37% the S&P500.
EMCORE Corporation is engaged in designing and manufacturing indium phosphide optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The company has a market cap of $168.17 million. The Firm focuses on linear fiber optic transmission technology. It has a 112.46 P/E ratio. The Firm operates through Fiber Optics segment.
The institutional sentiment decreased to 0.91 in 2016 Q1. Its down 0.38, from 1.29 in 2015Q4. The ratio worsened, as 13 funds sold all EMCORE Corporation shares owned while 33 reduced positions. 8 funds bought stakes while 34 increased positions. They now own 17.74 million shares or 12.67% less from 20.31 million shares in 2015Q4.
Kopp Investment Advisors Llc holds 2.04% of its portfolio in EMCORE Corporation for 747,970 shares. Paradigm Capital Management Inc Ny owns 611,963 shares or 0.36% of their US portfolio. Moreover, Millrace Asset Group Inc. has 0.27% invested in the company for 39,300 shares. The Pennsylvania-based Tfs Capital Llc has invested 0.23% in the stock. Polar Asset Management Partners Inc., a Ontario – Canada-based fund reported 1.01 million shares.
Out of 3 analysts covering Emcore (NASDAQ:EMKR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Emcore has been the topic of 6 analyst reports since July 28, 2015 according to StockzIntelligence Inc.
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http://www.engelwooddaily.com/emcore-corporation-nasdaqemkr-shorted-shares-decreased-by-7-48/440016/
EMKR
Interesting info on company website. Looks like >100% shares held by tutes and mutual funds. Doesn't leave much room for retail!! Have never seen such detailed ownership summary as they present.
http://investor.emcore.com/ownership-profile.cfm
EMKR
I agree. I have invested as well. I think long term, this stock will do well. The divy is very nice! I have seen long term price projections in the 8 - 10 range. Not going to happen overnight, but if you are patient...an investor should do well with EMKR IMO. Do your own DD, and good luck!
very interesting days ahead $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
AH bid of $6.31 at $18K shares. Ask $6.40.
EMKR
Incredible divy. Holding my shares tight. Eager for more if it dips.
Pretty high short position:
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
6/15/2016 477,224 172,163 2.771931
Read more: http://www.nasdaq.com/symbol/emkr/short-interest#ixzz4Dqme0BYZ
I'm guessing they will be covering next few days as they have the last two and then come next Thurs/Friday there will be some serious scrambling for shares.
Your take?
EMKR
If Stock was $10+ That's would still be a Large Divy
A bit more info from their website (important info about the ex-div date):
"QUESTIONS AND ANSWERS
Special Cash Dividend
(Updated July 7, 2016)
Preface
On July 6, 2016, EMCORE Corporation announced that its Board of Directors has declared a special cash
dividend of $1.50 per share of EMCORE common stock, payable July 29, 2016 to shareholders of record on
July 18, 2016. The aggregate dividend payment will total approximately $40 million based on the number of
shares of EMCORE common stock outstanding as of July 5, 2016.
Trading of EMCORE Common Stock
1. How will trading in EMCORE’s common stock be impacted by the dividend?
At $1.50 per share, the dividend declared by EMCORE’s Board of Directors represented approximately 26%
of EMCORE’s closing stock price on July 5, 2016. Pursuant to NASDAQ rules, when a dividend is declared
in a per share amount that exceeds 25% of a company’s stock price, the date on which that company’s shares
will begin to trade without the right to receive the dividend, or ex-dividend, is generally the first business day
following the payable date (rather than the second business day preceding the record date for cash distributions
representing less than 25% of the value of the common stock). NASDAQ has applied this rule and has
designated August 1, 2016, the first business day following the payable date for the dividend, as the exdividend
date. Shareholders who hold shares of EMCORE common stock at the close of business on the
record date will be entitled to receive the special cash dividend, but shares of EMCORE common stock will
trade with the entitlement to the dividend until the ex-dividend date. Therefore, if you own shares of
EMCORE common stock at the close of business on the record date and you sell those shares prior to
the ex-dividend date, you will not receive the special cash dividend.
Tax Treatment of Special Cash Dividend
1. What are the U.S. federal income tax consequences of the special cash dividend?
For U.S. federal income tax purposes, the distribution will be a dividend to the extent it is paid out of the
EMCORE’s current or accumulated earnings and profits, as determined under U.S. federal income tax
principles. Based on these rules, EMCORE currently estimates that 7% to 12% of the payment will be treated
as a dividend for tax purposes, with the balance treated as a nontaxable return of capital for U.S. federal
income tax purposes. This estimate is preliminary and subject to change based upon a comprehensive review
and analysis of EMCORE’s history as well as actual results for the entire 2016 taxable year.
An EMCORE shareholder’s tax basis in shares of EMCORE common stock will be reduced by the amount of
the distribution that is a return of capital. If the return of capital exceeds the shareholder’s tax basis in
EMCORE common stock, the remainder of the distribution in excess of the shareholder’s basis will be treated
as a capital gain. Shareholders are encouraged to consult their tax advisors to determine the tax treatment for
their particular shares.
- 2 -
2. Does a return of capital distribution receive similar tax treatment for state income tax purposes?
Generally, yes, unless the state tax law specifically diverges. Again, shareholders are encouraged to consult
their tax advisors for the tax treatment in their state."
(they have a 2 page discussion)
EMKR
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
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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.
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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.
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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.
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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
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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
____________________________________________________________
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.
_____________________________________________________________
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
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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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