news digest ♦ compound semiconductor ♦ financial news reduce our manufacturing costs.”
Solyndra has also submitted a request with the Securities and Exchange Commission to withdraw its Registration Statement on Form S-1, which was originally filed with the Securities and Exchange Commission on December 18, 2009.
The company has elected not to proceed with an initial public offering of shares of its common stock at this time due to adverse market conditions and the availability of alternative funding from existing investors. No shares of Solyndra’s common stock were sold pursuant to the Registration Statement.
Rubicon to Offer 1.8 M Shares of Common Stock
2010-06-11
Net proceeds intended to be used towards expanding crystal growth manufacturing facilities, working capital and other general corporate purposes.
Rubicon Technology will offer 1,800,000 shares of its common stock pursuant to an underwritten public offering. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 270,000 shares of common stock from the Company to cover over-allotments, if any.
The Company expects to use the net proceeds from the offering to expand its crystal growth and post crystal growth manufacturing facilities and for working capital and other general corporate purposes.
UBS Securities LLC is acting as sole book- running manager for the offering and Canaccord Genuity Inc. is acting as a co-lead manager for the offering.
This offering will be made pursuant to the Company’s effective registration statement, including a prospectus and a related preliminary prospectus supplement, filed with
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www.compoundsemiconductor.net July 2010
the Securities and Exchange Commission (the “SEC”). Before investing, investors should read the prospectus in the registration statement, the related preliminary prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and the offering.
This offering will be made solely by means of a prospectus and prospectus supplement filed with the SEC. Free copies of the prospectus and prospectus supplement may be obtained by visiting EDGAR on the SEC web site at
www.sec.gov or by contacting UBS Securities LLC, Attn: Prospectus Department, 299 Park Avenue, New York, New York 10171, or by calling 1-888-827-7275.
Finisar revenues for 4th quarter and fiscal year are records for the Company 2010-06-24
Finisar Corporation a global technology leader for fiber optic subsystems and components for communication applications, today announced financial results for its fourth quarter and fiscal year ended April 30, 2010. Total revenues for both the fourth quarter and fiscal year were new records for the Company.
“I am extraordinarily proud of the results we achieved this past year and our employees who worked so hard to make it happen,” said Jerry Rawls, Finisar’s executive Chairman of the Board. “The continued strong demand for Finisar products has been driven by growth in IP traffic, demand for mobile bandwidth and the need to upgrade existing networks and build out new wireless backhaul networks. Those demands have powered Finisar to record revenue levels. We believe the underlying trends driving our business will continue and that fiscal 2011 will be another record year for us.”
“While most of our product transfer activities to low cost off-shore locations were largely complete at the end of the fourth quarter, there
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