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  • Aixtron: LEDs a Catalyst for Growth [View article]
    Aixtron has a good position in the MOCVD market. It has risk in that production is in Euro's vs. sales in dollars. Veeco has ceded most of the market to them and they enjoy over 70% share. Semi industry is expecing 10% dollar declines, but volume shipments will probably be up.

    LED shipments are primarily related to telecoms and automotive with lighting being a sub 10% component of shipments. Expect stable LED growth, but nothing explosive. The price points for (Watts/lumen) aren't there yet for an inflection point in unit growth.

    Management is good and they are quietly moving along. They are pricey, but the strong of revenue growth and management make them seem like a quality mittlestand company that is public in a segment that will grow over the next 5-7 years.
    Apr 23 08:58 am |Rating: 0 0 |Link to Comment
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