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11-10 :: October 2011
nanotimes
Companies Facts
Sutija, Thinfilm CEO. “This prototype is a demons- tration that low-cost printed integrated systems and the tagging of everyday objects is possible, enabling Thinfilm‘s vision of ‚memory everywhere‘.”
Thinfilm offers low-cost, low-power printed elec- tronics for high-volume consumer applications with two main products: Thinfilm Memory and Thinfilm System products.
ltratech, Inc. (NASDAQ: UTEK), announced unaudited results for the three-month and nine-
month periods ended October 1, 2011. For the third quarter of fiscal 2011, Ultratech reported net sales of $54.9 million as compared to $37.9 million during the third quarter of fiscal 2010. Ultratech’s net in- come for the third quarter of 2011 was $10.5 milli- on, or $0.39 per share (diluted), as compared to net income of $4.9 million, or $0.20 per share (diluted) for the same quarter last year.
For the first nine months of 2011, Ultratech reported net sales of $156.3 million compared to net sales of $97.0 million in the first nine months of 2010. Ultratech reported net income of $28.1 million or $1.05 per share (diluted) during the first nine months of 2011, compared to net income of $10.5 million or $0.42 per share (diluted) for the first nine months of 2010.
Arthur W. Zafiropoulo, Chairman and Chief Execu- tive Officer, stated, “During the quarter, advanced packaging product demand continued to dominate the company’s business. In addition, we gained trac-
tion in the deployment of our high-brightness LED (HB-LED) tools as evidenced by the increased growth in revenue for the quarter.”
At October 1, 2011, Ultratech had $221 million in cash, cash equivalents and short-term investments. Working capital was $268 million and stockholders’ equity was $10.78 per share based on 25,700,131 total shares outstanding as of October 1, 2011.
eeco Instruments Inc. (NASDAQ: VECO) announced its financial results for the third
quarter ended September 30, 2011. John R. Peeler, Veeco’s Chief Executive Officer, commented, “Vee- co reported a solid third quarter, with revenues of $268 million, non-GAAP net income and earnings per share of $53 million and $1.33, respectively, all at the mid to high end of our guidance. LED & Solar revenues increased 7% sequentially to $234 million, including $220 million in MOCVD, while Data Sto- rage revenues were $34 million, down 25% sequen- tially. Veeco has continued to execute within the challenging overall business environment, particularly in China, where customer facility readiness and cre- dit tightening remain significant issues. Veeco’s new MaxBright™ MOCVD System represented nearly half of the quarter’s MOCVD revenue, including broad- scale customer acceptance at tier one LED manufac- turers.”
Veeco’s fourth quarter 2011 revenue is currently forecasted to be between $175 million and $215 million. Earnings per share are currently forecasted to be between $0.46 to $0.78 on a GAAP basis, and
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