- Aixtron (AIXG) is now down 40% over the last two days thanks to yesterday's news major Chinese LED equipment maker San'an Optoelectronics has cancelled plans to buy additional AIX R6 MOCVD systems due to the system's failure to meet qualification requirements.
- Benchmark has downgraded Aixtron to Positive from Buy. Canaccord's Jed Dorsheimer has cut his target by $0.75 to $3.75, while reiterating a Sell. "Given continued weak market conditions, we see a protracted turnaround at best."
- Rival Veeco (NASDAQ:VECO) is now up 7% over the last two days. Benchmark views Aixtron's issues as a positive for Veeco.