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Stock Market & Financial Investment News

News Breaks
April 3, 2014
16:22 EDTPLABPhototronics announces closing of JV in Taiwan with Dai Nippon Printing
Photronics announced the successful closing of the previously announced joint venture with Dai Nippon Printing. The joint venture, Photronics DNP Mask Corporation ,PDMC, will focus on serving semiconductor manufacturers in Taiwan. The closing followed regulatory approvals received from Taiwan authorities on March 28, 2014. The joint venture was effective at 12:00 a.m., Taiwan time, April 4. The non-cash transaction merged DNP Photomask Technology Taiwan, DPTT, a wholly owned subsidiary of DNP, into Photronics Semiconductor Mask Corporation, PSMC, a wholly owned subsidiary of Photronics. Photronics and DNP own 50.01% and 49.99% of the joint venture, respectively, and the financial statements will be included in the consolidated financial statements of Photronics. Governance of PDMC will be shared by Photronics and DNP through a seven member board of directors with four Photronics members and three DNP members. Dr. Peter Kirlin, Photronics’ President, will be named Chairman of the Board of PDMC, Mr. Hideyuki Tanaka from DNP will be named Vice Chairman and Vice General Manager, and Dr. Frank Lee, PSMC President, was named General Manager.
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August 21, 2014
10:14 EDTPLABOn The Fly: Analyst Upgrade Summary
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07:11 EDTPLABPhototronics upgraded to Buy from Hold at Needham
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August 20, 2014
08:51 EDTPLABPhototronics raises FY14 CapEx to $100M-$110 due to FPD business opportuinty
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08:12 EDTPLABPhototronics sees Q4 EPS 7c-11c, consensus 12c
Sees Q4 revenue $125M-$130M, consensus $119.22M; Sees Q4 taxes $2.5M-$3.5M. Sees FY14 Cash CapEx $100M-$110M. The company expects top-line and EBITDA improvement in Q4, with continued opportunities in customers' businesses and node migration plans. The company also expects PDMC is poised for growth in both its high-end and mainstream IC sectors. Comments taken from slides for Q3 earnings conference call.
August 19, 2014
16:32 EDTPLABPhototronics reports Q3 adjusted EPS 7c, consensus 5c
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15:16 EDTPLABNotable companies reporting after market close
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