Rubicon Technology (RBCN -17.8%) crashes after its Q4 miss and Q1 guidance demonstrate the full...
Friday, February 24, 2012, 2:07 PM ETRubicon Technology (RBCN -17.8%) crashes after its Q4 miss and Q1 guidance demonstrate the full extent of the LED industry's woes. Sterne Agee (Underperform) expects sales of Rubicon's mainstay 6" LED wafers to remain weak through Q2, while Piper (Underweight) thinks pricing could stay under pressure into 2013. LED wafer equipment maker GT Advanced Technologies (GTAT -3.1%) is falling in sympathy.
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