The World's Only
Flashlight Industry News Site

LED Makers Struggle
as Emerging Market Demand Plummets

The Paragon Report Provides Equity Research on Cree & Veeco Instruments

Paragon Financial Limited Press Release

FlashlightNews.org - 9/29/2011

Click photo to enlarge

Cree's '21st Century LED Lamp'

Cree's '21st Century LED Lamp'

NEW YORK, N.Y. - The Paragon Report examines investing opportunities in the LED Sector and provides equity research on Cree, Inc. and Veeco Instruments, Inc. Access to the full company reports can be found at:
paragonreport.com/CREE
paragonreport.com/VECO

The LED market is facing significant headwinds of late. The current downturn in the LED market is largely due to reduced prices for LED-based TV backlight and lighting systems. This is because of inventory adjustments, and increased competition from more backlight makers entering the LED market. Reflecting on the industry in general, Cree CEO Chuck Swoboda believes the huge increase in chip production to service LED backlighting applications in recent years has put pressure on the rest of the market.

According to IMS' research, backlighting, which ranges across consumer electronics such as flat panel TVs and cell phones, is expected to grow at a mere 2 percent this year, while the general lighting market for LEDs will be the fastest-growing market, up 29 percent. IMS Research's latest "LED Supply and Demand Report" expects longer-term strength in the LED market. The firm estimates 36 percent revenue compound annual growth rate from 2010 to 2015 for packaged LEDs to $6.3B, up from $1.75B in 2011.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the LED industry register with us free at paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

In China, LED demand is on the upswing. However, a sudden surge in government-backed Chinese LED makers has eaten into the market shares held by the likes of Veeco. Last week shares of Veeco fell significantly after another LED equipment maker, Germany's Aixtron SE, spooked investors by slashing its revenue forecast for the second half of the year by nearly 50 percent, on worries about weaker demand from China, a key market.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at paragonreport.com/disclaimer.

Search for other press releases from Paragon





Current FlashlightNews Headlines
Translate