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weeeeeeeeeeeeeeeeeeeeeeeeeeee
RBCN
Thank you very very much ...
RBCN
you saved my azzzzz
~ Monday! $RBCN ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $RBCN ~ Earnings expected on Monday *
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=RBCN&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=RBCN&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=RBCN
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~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=RBCN+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=RBCN
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*If the earnings date is in error please ignore error. I do my best.
With them outlawing old tech bulbs, the LED lightbulb sales will grow immensely. RBCN will see $40 by early 2012 guaranteed.
Being listed in the S&P SMALLCAP 600 INDEX – July 12, 2011
Could this finally be the break that we need to get this stock to run and squeeze out the shorts?
What is going on with margins in the years to come? Just looking at the company and looking out the earnings power seems to fade. help me out.
"No shares available to short"...???
Thats what My brokerage account says...and what others are saying as well...(I don't Want to short, I am Long)...
IF in fact, the well has run dry for available shares...I believe there is a good opportunity for a squeeze to ensue...and soon...
Lets find out IF there Really are Not any shares available...anywhere...
Then we can come up with a "strategy" to get a squeeze started...
(may need to get the word out to many "interested parties")
Marketmakers can short at will...but if an overwhelming surge of Buying comes in, they will change their tack...
Squeezes are fun...and Profitable...
LOL
...jk...
Great earnings.
Still a large short position.
Will it ever squeeze?
great news out today- hopefully the shorts will leave it be
Im one of the happy people who bought RBCN a few months back.
Lovely news today
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=RBCN&mkttype=after
2011 - analyst continue probing for weakness, who is behind the huge short positiion?
But I can say, based on what I see today, that 2011 will be a good growth year for us and for the industry and a healthy year.
Bill Weissman
For the next year, the 6-inch contracts we have, the $71 million, a vast majority of that is for 2011. And as the volumes ramp every quarter, the significant piece of that is in the second half of next year. So we have good visibility on revenue in the second half of next year at very good margins already.
*
Back to the 6-inch future
First, as I mentioned earlier, those companies which are either major electronics or well known LED chip companies which are technologically savvy and also have a capital to support it are moving towards 6-inch. We are working with a number of customers at various stages from early valuation to R&D to prototype to large volume.
And I believe because this 6-inch capability does provide them the cost advantage and also in many cases, performance advantage and ease of manufacturing and all the attributes associated with that. And so far, I believe that many of those companies who have those capabilities are focusing on the larger diameter.
And especially, some companies have a major decision to move from 2-inch to 6-inch without going to 4-inch, of course those companies which had a product development of already 4-inch, they plan to move 4-inch to 6-inch. So it's a mixture of it. But we feel very strongly that there are a number of major companies who we are working with and we are in various stages of qualification process. And we feel strongly that this trend will continue because of the advantages of what the large diameter provides to the electronics or the chip companies.
2011, why 6-inch
Well, demand on the 6-inch continues to be strong, and one of the reasons is this that our major LED chip manufacturers who are technologically rich and has a capital to support it are moving toward 6-inch diameter wafers because of the performance and the cost competitiveness it applies to this product.
*
But as Raja said in his comments, very strong demand elsewhere and no issue with overall demand in the quarter, and don't expect any in the fourth quarter also. In the first quarter, I think we expect to see the backlighting market pick up again, plus we have all the new MOCVD reactors being installed currently in Taiwan and China and expect very strong demand going into next year as well.
*
Bill Weissman
Well I think 2-inch will be stronger in Q4 as well, and then Q1 will probably see changed to that as a backlighting market picks up again. Again, as we said earlier, there is some of the large 4-inch users are focused more TV backlighting and that should start to pick up at some point in Q1.
*Bill Weissman
The reason why we signed this first 6-inch contract was more at the request of the customer, because they wanted some comfort that they'd have availability of sapphire before they'd move to production on 6-inch. And we're assuming the next one or two to get into the 6-inch market and production levels who want to do the same. So we'll be happy to entertain that.
We really avoided longer-term contracts with the smaller diameter material. Firstly, the price has been increasing.
2011 is looking impressive, history of over delivering
Jed Dorsheimer - Canaccord
Sure, last quarter you said up at least 20%. You came at 30%. This quarter you're saying up at least 15%. Should we view it as just sort of the same type of band? In other words, you are looking at sort of 20% to 25%, or is there something else going on that's causing you to be more conservative in terms of the pricing?
Bill Weissman
No, there is some movement within the quarter. We have good visibility on the quarter ahead, but there is always some movement, and we try to be conservative in our estimates of what the increase would be.
Over 80% of float short
Beat and raised. Short hopes for a 2011 bust looks weak
$84 million in cash and short-term investments
*
Demand for our 6-inch polished wafers continues to strengthen, and our polishing operation in the U.S. was operating at full capacity in the third quarter.
As our additional capacity begins to come online, we expect revenue from this product to become a larger percentage of our total revenue, with $71 million of sales already contracted through 2011.
*
It is also important to remember that the penetration rate of LEDs in televisions is still quite low. Some analysts estimate the penetration rate of LED backlighting in LCD televisions in 2010 to be approximately 20% moving to 50% in 2011, indicating that there is still significant growth expected from this market segment in 2011 and subsequent years.
*
Our Malaysia facility will have the capability to polish 4, 6 and 8-inch wafers, but our current expectation is that the majority of the added polishing capacity will be dedicated to 6-inch in 2011, with small amounts of 8-inch
Quarterly Data All numbers in thousands
PERIOD ENDING 30-Jun-09 31-Mar-09 31-Dec-08 30-Sep-08
Total Revenue 3,205 2,338 4,042 11,758
Cost of Revenue 4,867 4,946 4,395 7,514
Gross Profit (1,662) (2,608) (353) 4,244
Operating Expenses
Research Development 198 152 183 179
Selling General and Administrative 1,271 1,378 1,659 1,574
Non Recurring - - - 1,215
Others - - - -
Total Operating Expenses - - - -
Operating Income or Loss (3,131) (4,138) (2,195) 1,276
Income from Continuing Operations
Total Other Income/Expenses Net 186 270 312 392
Earnings Before Interest And Taxes (2,945) (3,868) (1,883) 1,668
Interest Expense - - - -
Income Before Tax (2,945) (3,868) (1,883) 1,668
Income Tax Expense - - (169) 49
Minority Interest - - - -
Net Income From Continuing Ops (2,945) (3,868) (1,714) 1,619
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (2,945) (3,868) (1,714) 1,619
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($2,945) ($3,868) ($1,714) $1,619
wow--28% move today...
This will add to demand for Rubicon...
Semi-Annual Changes to the NASDAQ Clean Edge U.S. Liquid Series Index
7:00a ET September 15, 2008 (GlobeNewswire)
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the semi-annual evaluation of the NASDAQ(r) Clean Edge(r) U.S. Liquid Series Index (Nasdaq:CELS), which will become effective with the market open on Monday, September 22, 2008.
The following six securities will be added to the Index: C&D Technologies, Inc. (NYSE:CHP), China Sunergy Co., Ltd. (Nasdaq:CSUN), Ener1, Inc (AMEX:HEV), Rubicon Technology, Inc. (Nasdaq:RBCN), ReneSola Ltd (NYSE:SOL), and GT Solar International, Inc. (Nasdaq:SOLR).
The Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Index include companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the index covers are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials. The securities must also meet other eligibility criteria which include minimum requirements for market value, average daily share volume, and price. The Index is evaluated on a semi-annual basis in March and September. For more information about the NASDAQ Clean Edge U.S. Liquid Series Index, including detailed eligibility criteria, visit www.NASDAQ.com.
The NASDAQ Clean Edge U.S. Liquid Series Index is the basis for the First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund (Nasdaq:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series Index before fees and expenses.
As a result of the evaluation, the following seven securities will be removed from the Index: Akeena Solar, Inc. (Nasdaq:AKNS), Comverge, Inc. (Nasdaq:COMV), Hoku Scientific, Inc. (Nasdaq:HOKU), Medis Technologies Ltd. (Nasdaq:MDTL), Nova Biosource Fuels, Inc. (AMEX:NBF), Pacific Ethanol, Inc. (Nasdaq:PEIX) and Verenium Corporation (Nasdaq:VRNM).
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
About Clean Edge
Clean Edge, Inc., with offices in the San Francisco Bay Area and Portland, Ore., is a leading research and publishing firm that helps companies, investors, and policymakers understand and profit from clean technologies. Founded in 2000, Clean Edge and its network of partners and affiliates offer unparalleled intelligence and insight into the clean-tech sector. Among its many activities, the company publishes the annual "Clean Energy Trends" report, produces the annual Clean-Tech Investor Summit (along with IBF), and maintains a number of clean-energy stock indexes. To keep abreast of the latest clean-tech news, access industry reports, learn more about the company's annual summit and stock indexes, or sign up for Clean Edge's free e-newsletter, visit http://www.cleanedge.com.
NDAQG
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The NASDAQ OMX Group, Inc.
Sorry--I don't know.
Rubicon Technology, Inc. Provides Business Update
4:39p ET September 15, 2008 (Business Wire)
Rubicon Technology, Inc. (NASDAQ:RBCN), a leading provider of sapphire substrates and products to the LED, RFIC, Semiconductor, and Optical industries, today reported that a contract modification for a major silicon on sapphire (SoS) customer and the current slowdown in global market demand for 2" diameter LED wafers are expected to affect short term financial results.
Raja Parvez, CEO of Rubicon Technology, said, "As we discussed in our last quarterly conference call, we have been working with Peregrine Semiconductor, one of our major customers, to better understand their unique situation involving a buildup of their sapphire inventories. To assist them through this situation, we have agreed to shift the delivery of $4.3 million of product currently scheduled for 2008 into the first half of 2009. This action will allow us, under the circumstances, to better manage production schedules over the next several quarters to avoid down time, while also assisting our customer. The outlook for the SoS market remains strong with a growth rate that is expected to be about 50 percent per year for the next several years. We continue to be Peregrine's primary supplier and we are confident that, while we may be impacted in the short term, we will capitalize on our relationship to capture future sales."
Mr. Parvez added, "The slowdown in the handheld device and small display markets that use our small diameter LED wafers has affected customer orders throughout Asia. As a consequence, and as an accommodation to our customers, we have agreed to move some of the contracted volumes for the remainder of 2008 into the first half of 2009, which is when our customers believe the market will begin to strengthen. Our LED revenue from larger diameter material continues to be strong."
"Nevertheless, in combination, we are shifting nearly $7 million of product deliveries from this year into early next year which will reduce our financial results and our guidance on both revenue and earnings for the third and fourth quarters of 2008," noted Mr. Parvez.
Previous Guidance Revised Guidance 3rd Quarter Full Year 3rd Quarter 4th Quarter Full Year Revenue (in millions) $12.5 $47.0 - $49.0 $11.5 - $12.0 $8.0 - $8.5 $41.5 - $42.5 EPS $.11 $.43 - $.45 $.05 - $.07 $.01 - $.03 $.26 - $.30
Commenting on the outlook for the remaining quarters and full year, Bill Weissman, Rubicon's Chief Financial Officer, explained, "While we believe our gross margin will be in the 35% to 37% range in the third quarter, it will likely drop in the fourth quarter to the mid- 20% range given the larger deferral of orders for that period. During this period, we will retool some of our manufacturing operations by retiring old equipment and installing newer, more efficient equipment this year and early next year in order to reduce costs and increase throughput. Our revised guidance includes an anticipated write off of remaining book value of those assets to be retired of between $1.0 and $1.2 million in the third quarter. In addition, we recently met the major deliverables on our agreement to develop a new 8-inch SoS product and will benefit from milestone payments this year."
Long term Outlook Remains Strong
Mr. Parvez concluded, "Our products serve the exciting LED, SoS RFIC and Optical markets - all of which offer strong long-term growth potential. There is no viable substitute for sapphire in these applications and Rubicon continues to have the industry leading technology. LED chip manufacturers working on large diameter processing seem to be moving faster than we had anticipated. We continue to expect to benefit from future opportunities as one of the leaders in production of larger diameter substrates. Longer term, we will maximize shareholder value by continuing to invest in our facilities and technologies, ensuring our position in the marketplace as a provider of outstanding quality product and as an enduring partner with our customers."
Greetings: Does anyone know if this is the same company that Henry Kissinger is affiliated with? tia
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