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generation lithography materials and processes. The program will focus on pitch division to further extend 193nm optical lithography for logic applications be- low the 20nm node and on direct-write lithography, a maskless lithography (ML2) technology. The spe- cific ML2 development will be part of the IMAGINE program, a three-year project led by CEA-Leti that also includes semiconductor manufacturers TSMC and STMicroelectronics. It is developing a maskless lithography infrastructure and the use of MAPPER Lithography tools for high throughput. One of JSR’s key focus areas is to enable sub-20nm technology development with a strong focus on next-generation lithography.
opin Corporation (NASDAQ: KOPN) announced financial results for the third quarter and nine
months ended September 24, 2011. Total revenues for the third quarter were down 6% to $29.6 million compared with $31.6 million for the same quarter of 2010. Through the nine months ended September 24, 2011, revenues increased to $95.9 million from $87.2 million for the comparable period of 2010.
“Despite the uncertain economic environment, our performance through the first nine months of 2011 has been quite strong,” said Dr. John C.C. Fan, Kopin’s President and CEO. “Revenues are 10% ahead of the same period in 2010, and we have generated $10.6 million in cash from operating activities. This has enabled us to maintain a strong balance sheet – $103 million in cash and marketable
SR Micro and CEA-Leti announced that JSR will partner with CEA-Leti to develop sub-20nm next-
securities and no debt – while at the same time ag- gressively investing to grow our business organically and through acquisitions. Income from operations has more than doubled to $2.4 million for the first nine months of 2011, even as we have invested $6.0 million more in research and development this year over last year.”
III-V revenues for the third quarter were $15.5 mil- lion compared with $16.6 million for the year-ago quarter. For the nine-month period of 2011, III-V re- venues were $49.1 million, up 4 percent from $47.1 million through the same period of last year. Display revenues were $14.1 million for the third quarter of 2011 versus $15.0 million for the same period a year ago. Through the nine months ended September 24, 2011 display revenues increased 17 percent to $46.8 million from $40.1 million in the year-ago period.
Net income was $0.8 million, or $0.01 per dilut- ed share, for the third quarter of 2011 compared with $1.4 million, or $0.02 per diluted share, for the third quarter of 2010. Results for the 2011 and 2010 three-month periods included a $1.0 million gain and a $0.6 million loss, respectively, related to foreign currency fluctuations. Net income through the first nine months of 2011 was $3.7 million, or $0.06 per diluted share, compared with $4.3 million, or $0.06 per diluted share, in 2010.
Based on current trends in its business, the Company expects 2011 revenues in the range of $128 million to $132 million.
11-10 :: October 2011