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of cash generated by operating activities and $4.2 million of cash received from the sale of investments, partially offset by $4.3 million allocated for capital equipment purchases. The Company has no long-term debt.
Business Highlights
“At the heart of our III-V, Golden-i and CyberDisplay product portfolio is wafer engineering architecture based on our core nanotechnology,” Fan said. “This shared technological fabric has enabled us to strategically design and cost-effectively build a number of high performance differentiable mobile media products for numerous applications targeting the smartphone, wireless connectivity, microdisplay and consumer eyewear markets.”
“Industry projections indicate that the sale of smartphones and other 3G and 4G mobile devices should be strong for several years,” Fan said. “This trend is significant to Kopin, as these next generation wireless devices contain up to three times greater heterojunction bipolar transistor (HBT) content than is contained in a traditional wireless handset, resulting in the strong III-V revenue growth we are experiencing.
He continued, “Our III-V technologies, including our industry leading HBT, are fundamental to the proliferation of smartphones and other 3G and 4G mobile devices as demonstrated by our strong III-V revenue growth. Reflecting our premier industry position, we are pleased to announce a two- year extension of our HBT purchase and supply agreement with Skyworks Solutions to supply the vast majority of Skyworks’ HBT wafer requirements through July 2012. To meet Skyworks Solutions’ and our other valued customers increasing demands, we are continually investing in additional people, advanced technologies and the industry’s most advanced growth reactors.”
“Our business continues to gain momentum,” Fan said. “Kopin’s future looks strong with smartphone proliferation just commencing and expected to remain robust for a number of years, while TWS, our key display product category, was recently reaffirmed as a critical weapons platform by the DoD. With the positive feedback we are receiving on Golden-i, smartphone and TWS trends in our favor, the renewed agreement with Skyworks and our excellent financial position, we believe that we
remain on pace to achieve our revenue guidance of $120 million to $130 million for full-year 2010 and expect 2011 will be an even better year for Kopin.”
IQE Shares Hit 8 Year High
Shares in the compound semiconductor epiwafer foundry and substrate manufacturer have reached an eight year high of 23 pence.
Shares in Cardiff based semiconductor manufacturer IQE today hit an 8-year high of 23p per share.
The company recently published a trading updated stating that, as a result of stronger than expected wireless product sales and increasing demand for optoelectronic and silicon-based wafers, the Company expects first-half performance to be significantly ahead of market expectations.
IQE’s global headquarters are in St.Mellons, Cardiff and the company has 7 wholly subsidiaries including manufacturing facilities in the USA and Singapore.
The Company will publish its interim results on Wednesday 1st September 2010.
Endwave’ s Revenues Continue to Plummet
Poor revenues are attributed to low demand and this is expected to continue over the next few quarters, although demand for designs supporting next generation, high capacity, IP-based radios has continued to improve.
Endwave Corporation a global provider of high- frequency RF solutions and semiconductor products for the telecommunications and military markets, has reported financial results for its second quarter, which ended on June 30, 2010.
Revenues for Q2 FY 2010 were $3.8 million. This compares with revenues from these same operations of $4.8 million in the prior quarter and $5.6 million in the second quarter of fiscal 2009.
August/September 2010
www.compoundsemiconductor.net 197
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