ronics, an international, full-service manufac- turer of MEMS, announced that industry veteran
Hervé Borrel has been named director of sales and marketing. Borrel, the former CEO of MicroChemical Systems, will guide expansion and growth of Tronics’ U.S. operations, including its high-volume MEMS foundry in Dallas and its medical division in Califor- nia.
Founded in 1997, Tronics has 14 years of experience in developing, manufacturing, and packaging accele- rometers, gyroscopes, micropumps, pressure sensors, switches, biodetectors and many more MEMS.
ltratech, Inc. (NASDAQ: UTEK), announced unaudited results for the three-month and six-
month periods ended July 2, 2011. For the second quarter of fiscal 2011, Ultratech reported net sales of $53.9 million as compared to $31.6 million du- ring the second quarter of fiscal 2010. Ultratech’s net income for the second quarter of 2011 was $9.7 million, or $0.36 per share (diluted), as compared to net income of $3.6 million, or $0.15 per share (dilut- ed) for the same quarter last year.
For the first six months of 2011, Ultratech reported net sales of $101.3 million compared to net sales of $59.1 million in the first six months of 2010. Ultra- tech reported net income of $17.6 million or $0.66 per share (diluted) during the first half of 2011, compared to net income of $5.6 million or $0.23 per share (diluted) for the first half of 2010. At July 2, 2011, Ultratech had $219 million in cash, cash equivalents and short-term investments. Wor-
Furthermore, Veeco Instruments announced its fi- nancial results for the second quarter ended June 30, 2011. John R. Peeler, Veeco’s Chief Executive Offi- cer, commented, “Veeco reported a solid second quarter, with revenues of $265 million, non-GAAP net income and earnings per share of $58 million and $1.34, respectively. Revenues were up 4% se- quentially, and up 20% from the prior year second quarter. LED & Solar revenues were $219 million, including $206 million in MOCVD, and Data Storage revenues were $46 million, the highest quarterly level in five years. Veeco met our quarterly guidance, yet timing of revenue continues to be impacted by the longer order-to-revenue cycle times associated with the high percentage of MOCVD business cur- rently coming from China, primarily due to customer facility readiness and credit tightening.”
“Veeco’s second quarter bookings were a record $311 million,” continued Mr. Peeler, “up 35% sequentially. LED & Solar orders were a record $273 million, with MOCVD orders up 34% sequentially to
king capital was $252 million and stockholders’ equi- ty was $10.28 per share based on 25,629,046 total shares outstanding as of July 2, 2011.
eeco Instruments Inc. (NASDAQ: VECO) announced that Tsinghua Tongfang Company,
a Beijing-based publicly listed division of the Tsin- ghua Holdings Company Limited, has placed an order for Veeco’s new TurboDisc®
Multi-Reactor MOCVD System for production of high-brightness light-emitting diodes (HB LEDs).
11-06/07 :: June/July 2011