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news digest ♦ LEDs


wall wash trim options the KR Series downlights provide attractive aesthetic appeal for numerous commercial and retail applications.


“The KR Series LED downlights are ideal for new construction applications,” says Greg Merritt, vice president, lighting. “And with the increased range of LED options now available at price parity to fluorescent lighting incumbents, I see no reason to ever specify a CFL downlight.”


Built with Cree TrueWhite Technology, the KR Series downlight family is available in a wide range of colour temperatures (2700K, 3000K, 3500K and a new 4000K), all with over 90 CRI, enabling beautiful, efficient lighting.


To help facilitate utility rebates, the KR Series is currently in the qualification process for earning the ENERGY STAR.


The KR Series is sold through Cree lighting sales channels. Cree shares downgraded


The firm’s shares fell 0.39 percent to trade at $45.54 on Tuesday. Over the past year, the stock has been trading between $22.25 and $46.88


Cree shares were downgraded to “perform” from “outperform” by Oppenheimer based on valuation.


The brokerage, which removed price target of $42 on the stock, believes now is a good time to take money off the table.


“Cree currently trades at a 35x forward P/E multiple, a two-year high. Although we believe in the technology advantage of Cree and the long-term growth prospects of the LED lighting market, the near term may not be “all clear” to support such lofty valuation,” Oppenheimer says.


The brokerage believes the stock could continue to rally over the next 3-6 months as immediate headwinds seem overblown, China orders pick up following the New Year, and spring ushers in more favourable weather for municipal and new commercial lighting.


“However, visibility remains limited and longer term competitive dynamics linger; to us, risk/reward looks balanced,” Oppenheimer adds.


“Cree is still our favourite name in the LED supply chain, but valuation prompts us to take a more conservative stance and wait for a better entry point,” the brokerage writes.


Cree’s shift to a fixture business, and its component business fighting the commodity bug, each present unique challenges over the long haul. The brokerage sees Cree as ultimately being successful, but also don’t see the risk these challenges present priced into the stock.


SukYoung Kim, GM Aixtron Korea Co., Ltd.


Kim has been working in the international semiconductor industry in Korea and the USA for many years and most recently held the position of Regional President and Representative Director of Novellus Systems in Korea.


In his new position as General Manager at Aixtron Korea, he takes over strategic and operational responsibility from Eun Sook (E.S.) Choi who held this position at Aixtron Korea until now. Choi will further support Aixtron as a consultant.


Bernd Schulte, Executive Vice President and Chief Operating Officer of Aixtron SE, says, “Korea is one of the global centres of advanced high-power LED products with many important key players. I am delighted to announce the appointment of SukYoung, which demonstrates the strategic importance of Korea’s significance as a key market within Aixtron.”


Kim comments, “Aixtron has highly advanced technology not only in compound, but also silicon and organic semiconductors. Our target is to support our Korean customers’ strategies for further development and to provide leadership across the business sector, helping Korea become one of the world’s major countries employing MOCVD manufacturing technology.”


Aixtron CEO quits


LED expert and ex Osram board member Martin Goetzeler will take over from Paul Hyland on March 1st, 2013


MOCVD tool manufacturer Aixtron is having a tough time. 80 www.compoundsemiconductor.net March 2013


Aixtron appoints new general manager in Korea


The aim of the new GM is to help Korea become one of the world’s major countries employing MOCVD manufacturing technology


Aixtron SE has taken on SukYoung Kim as General Manager of its subsidiary Aixtron Korea Co., Ltd.


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