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Stock Market & Financial Investment News

News Breaks
November 26, 2012
17:53 EDTLEDSSemiLEDs says assets relating to Xurui Guangdian materially impaired
On November 19, Chief Executive Officer and Chief Financial Officer of SemiLEDs Corporation concluded that the company’s assets relating to Xurui Guangdian, including the company’s 49% equity interest in China SemiLEDs and its accounts and notes receivable from China SemiLEDs, have been materially impaired. As a result, the company expects to reduce the value of its equity investment in China SemiLEDs from $8.7M, as of May 31, to zero, as of August 31, primarily due to such impairment charge. The company also expects to record an impairment charge on its accounts and notes receivable from China SemiLEDs in the amount of $1.4M The impairment charges will be reflected in the company’s financial statements for the year ended August 31. The impairment charges are not expected to result in future cash expenditures by the company.
News For LEDS From The Last 14 Days
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October 17, 2014
06:28 EDTLEDSIHS: LED smart bulb shipments to surpass 11M units in 2018, DigiTimes says
LED smart bulb shipments is expected to reach more than 11M units in 2018, reports DigiTimes, citing the IHS. Approximately 880,000 connected LED smart bulbs were shipped globally in 2013. Reference Link
October 16, 2014
06:24 EDTLEDSLED lighting demand expected to be weak in Q4, DigiTimes reports
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October 15, 2014
06:26 EDTLEDSSeptember 7W LED bulb prices grow sequentially in China, DigiTimes reports
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October 14, 2014
06:25 EDTLEDSReplacement of conventional lighting with LEDs picks up pace, DigiTimes says
The replacement of conventional lighting with LED has picked up pace in the United States and Europe as power utilities offer subsidies for LED lighting products and the EU lowers the RoHS Directive maximum mercury content, reports DigiTimes. According to industry sources in Taiwan, the average retail price for an Energy Star-certified LED light bulb in place of a 40W incandescent bulb in the US market is $3.99 and that for a 60W-equivalent LED light bulb stands at $5-$6. Reference Link

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