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Non-Tech : Emcore Corporation (EMKR) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (407)	2/15/2008 11:03:59 PM
From: The Ox	Read Replies (1) \| Respond to of 640

Emcore to Spin-off CPV Unit CompoundSemi News Staff February 10, 2008...Backlog orders for concentrator photovoltaic systems have stacked up at Emcore in the previous quarter ending December 31, 2007. Emcore cited a delay from November to January as the reason that the revenues from the CPV segment declined 18% on $15.8 Million last quarter. The delay was in the delivery and installation of die-attach equipment for the new concentrator photovoltaics (CPV) solar cell and receiver manufacturing line. Ultimately the delay caused a shortfall of about $3 Million on scheduled CPV receiver shipments. Emcore says backlog order shipments should start soon because new manufacturing equipment is expected to go online quickly. Richards said that the first fiscal quarter of 2008 opened up CPV opportunities in Canada, South Korea, and Spain. Then, at the end of January, SunPeak solar ordered 200MW to 700MW of CPV for the American Southwest. “Progress in each of our business segments continues to point towards the path of separating Emcore into two separate companies,” concluded Richards. “Given the fact that the size of renewable energy projects contemplated will require dramatic and unprecedented expansion, it is likely that the board of directors at this March’s meeting will determine that, in order to finance this rapid growth, Emcore will split into two separate businesses: a standalone fiber-optics company and a renewable energy company that would be spun off to Emcore shareholders after an initial public offering (IPO) to raise the capital in support of the significant growth in the terrestrial power business,” Richards said