Thursday, August 5, 2010

LED Stocks Clobbered On Report Flat Panel Makers Cut Orders (CREE; VECO)

Cree is off 3.7% while Veeco is down almost 12%.
From Tech Trader Daily:
The primary stocks in the LED sector - Cree (CREE), Aixtron (AIXG) and Veeco (VECO) - are all getting clobbered this morning on a report in the Taiwan-based newspaper The Commercial Times that says flat-panel makers are cutting orders to the LED sector. LEDs are used for back lights in some LCD TVs. Cree is an LED supplier; Aixtron and Veeco make equipment used to manufacturer LEDs....MORE