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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

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From: Sam	9/15/2011 10:18:00 AM
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This was inevitable. VECO traded as low as 28.83 in the first few minutes of trading in sympathy, now is back up to 32.79. AIXG is at 16.87 on over 1.1m shares in the first 45 minutes (average daily volume is about 365,000 shares). Aixtron Cuts Guidance On Weak LED Market; Shrs Plunge Eric Savitz Forbes Staff 9/15/2011 @ 9:24AM Shares of LED equipment maker Aixtron are trading sharply lower after the company reduced its full year revenue guidance, citing increasing short-term market uncertainty. As Marketwatch reports, the company now sees revenue for the year of 600 million to 650 million Euros, down from a previous range of 800 million to 900 million. The company also cut its margin before interest and taxes to a range of 25%-30%, from 35%. The company blamed the reduced outlook on purchase order delays and deferred product deliveries from several customers, especially in Asia. “Coupled with evident margin pressures from rapidly dropping end market prices for LEDs, several customers are delaying new purchase order placements and deferring system deliveries into 2012,” the company said. In early trading, AIXG is down $2.68, or 13.8%, to $16.70.

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