More on Rubicon: Q1 guidance is for revenue of $8M and EPS of -$0.10 to -$0.14, far below a...

|About: Rubicon Technology, Inc. (RBCN)|By:, SA News Editor

More on Rubicon: Q1 guidance is for revenue of $8M and EPS of -$0.10 to -$0.14, far below a consensus of $20.3M and -$0.02. The company says it expects a drop in 6" wafer sales (85% of Q4 revenue) thanks in part to excess inventory at its largest LED customer. Also, Rubicon's largest SoS wafer buyer is seeing declining orders due to weak sales at a key customer, and pricing for 2"-4" wafers is below Rubicon's carrying cost. Shares are halted. CC at 5PM ET (webcast). Piper made a bearish call 2 weeks ago. (PR)