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Technology Stocks : Veeco Instruments-Who?

VECO 29.15

-0.6%

Oct 30 3:59 PM EDT

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From: Sam	11/2/2010 12:26:48 AM
	of 3069

2011 LED TV penetration to reach 40%, says Epistar president Siu Han, Taipei; Willie Teng, DIGITIMES [Tuesday 2 November 2010] digitimes.com LED-backlit TV market penetration will increase to 40% in 2011 from 20% in 2010, and Epistar plans to ramp up capacity by 30% in 2011 after already raising its capacity by 30-40% in 2010, according to company president MJ Jou. Jou pointed out that the upstream material shortage was the most serious in the third quarter, but due to seasonal impacts and material suppliers' new capacity going online, tight supply should begin to ease in November and December. With downstream LED TV customers adjusting inventory and in the process of transferring to newer models, Jou indicated that fourth quarter will be tough for LED backlight companies. LED lighting products currently represent 20% of Epistar's revenues, Jou said, adding that there is still plenty of room for growth in this sector

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