Rubicon Technology also reported its third-quarter results yesterday. The company reported revenue for the third quarter of $11.8 million, up 29 percent from the third quarter of last year. This was also a 2% increase over the second quarter of 2008. Earnings per share decreased moving into the third quarter from the second quarter of 2008, from $.10 per diluted share to $.07 per diluted share. This quarter’s results include $1.3 million of contracted … Read the rest
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Peregrine Semi Won’t Take Additional Shipments From Rubicon Technology (RBCN)
Rubicon Technology (RBCN), the materials provider of monocrystalline sapphire for use in LED’s announced late last week that Peregrine Semiconductor will not take additional shipments of sapphire until further notice due to weakening demand as a result of the global economic slowdown. The contract called for a $2 million deliver late this year and another $5 million in the first half of 09, so for a company that does less than $40 in sales in … Read the rest