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Stock Market & Financial Investment News

News Breaks
August 7, 2014
16:33 EDTRBCNRubicon sees Q3 EPS (39c)-(44c), consensus (27c)
Sees Q3 revenue $8M-$12M, consensus $16.25M. The company said, “We expect continued progress in growing the wafer business in the third quarter with additional volumes in both polished and PSS wafers. However, we are seeing very limited demand for two-inch core in the third quarter as our polishing customers currently have excess inventory. In addition, we believe that recent capacity additions in the sapphire market, which are primarily targeted at the developing mobile device market, are temporarily impacting the two-inch market...[The] relatively wide range of expected revenue is due to the near-term uncertainty in the two-inch market. We expect two-inch inventories at our polishing customers to be reduced over the course of the third quarter and for demand for that product to improve in Q4."
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December 15, 2014
16:28 EDTRBCNRubicon names William Weissman President, CEO and Mardel Graffy as CFO
Rubicon Technology announced that the Board of Directors has appointed William Weissman to the permanent position of President and CEO. Weissman had served as Interim CEO and President since September 17, and as CFO of Rubicon since 2007. Weissman has also been appointed a member of the Board of Directors. The Board has appointed Mardel Graffy as CFO. Graffy joined Rubicon Technology in 2005 and rose to the position of Vice President – Finance. In September she was appointed Vice President – Financial Operations. Prior to her work with Rubicon, Graffy worked for FMC Technologies and KPMG.

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