This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EMCORE's CEO Presents At 2012 Citi Technology Conference (Transcript)

Hong Q. Hou

Thank you Kevin. Good afternoon, as Kevin said I’ll give you a update, EMCORE certainly to some of you are pretty familiar name, but over the last several years we have restructured the company especially in the last couple of quarters, pretty significantly. I think we are very excited about the business flowing out we have right now. And the first slide, just to give you a quick overview of the company. We run the fiscal year from October through September, so we’ll be finishing our fiscal 2012. But in last year, our revenue roughly about $200 million and we operate headquartered in Albuquerque in New Mexico and our fiber optics components effort has been primarily in California.

We’ve a factory in China and we also have a joint venture on the solar side, solar energy solar power side we have 40% equity interest that is based in China as well. And the three primary operations in U.S, our headquarter in Albuquerque, which is also the site of design and manufacture of space solar components and solar panels for satellite. And the other two main locations are in Pasadena, California area and Newark, California area in the Bay area.

So we had four business units and in two business segments, one segment is in Fiber Optics and the other one is a Solar Photovoltaics. And actually over the last three months we have gone through a pretty substantive restructuring as Kevin mentioned. And we about a year ago the management team along with our Board of Directors had a very thorough review on the product line profitability.

So we get a pretty diverse portfolio of which some of the products and reaches now almost the end of life, so we decided to discontinue some of the products. We are the first couple of other areas for example enterprise fiber optics components, which needs significant investment to keep the leading position. And we decided to divest that business and we did, we sold the Fiber Optics business VCSEL-based to Sumitomo in early May.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs