Rubicon (RBCN -20.8%) has made multi-year lows after using its Q3 report to guide for Q4 revenue...
Wednesday, November 7, 2012, 11:09 AM ETRubicon (RBCN -20.8%) has made multi-year lows after using its Q3 report to guide for Q4 revenue to be flat Q/Q (well below a consensus for a 30% increase), and for EPS to come in at -$0.02 to -$0.05 (below a $0.04 consensus). Rubicon notes prices for 2"-4" LED wafers continues to fall, and that weak industry demand has slowed the adoption of costlier 6" wafers, which are also seeing price pressure. LED equipment suppliers are underperforming. AIXG -3.2%. VECO -2.4%. (PR)
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