Cree Reports Financial Results for the Second Quarter of Fiscal Year 2017

DURHAM, N.C. --  Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced consolidated revenue of $347 million from continuing operations, and $54 million from discontinued operations, for a combined revenue of $401 million for its second quarter of fiscal 2017. This represents an 8% decrease compared to combined revenue of $436 million ($394 million from continuing operations and $42 million from discontinued operations) for the second quarter of fiscal 2016 and an 8% increase compared to the first quarter of fiscal 2017. Combined GAAP net income for the second quarter of fiscal 2017 was $6 million, or $0.06 per diluted share, compared to combined GAAP net income of $13 million, or $0.13 per diluted share, for the second quarter of fiscal 2016. On a non-GAAP basis, combined net income for the second quarter of fiscal 2017 was $30 million, or $0.30 per diluted share, compared to combined non-GAAP net income for the second quarter of fiscal 2016 of $28 million, or $0.28 per diluted share.
Read more: Cree Inc ( CREE )

Dataram Acquisition Target U.S. Gold Corp. Stakes 71 Additional Claims for the Keystone Project to Significantly Expand Gold Project in Nevada

2016-12-08 08:45 ET - News Release
-- Increases property claims by 23% due to favorable results from recent geological surveys
-- Total claims represent approximately 7,500 acres on Cortez Trend in North Central Nevada
-- Initiates 2016 exploration program
PRINCETON, N.J., Dec. 8, 2016 -- Dataram Corporation (NASDAQ: DRAM) today announced that its acquisition target U.S. Gold Corp. ("USGC") completed the staking of 71 additional claims for the Keystone Project, located on the Cortez Trend in North Central Nevada.  The Keystone Project consists of 377 unpatented lode mining claims including the 71 additional and newly staked claims on the north eastern end of the property in Eureka County, Nevada.  This represents approximately 7,500 acres or between 11 to 12 square miles. 
Read more: Dataram Corporation ( DRAM )

EMCORE Corporation Announces Financial Results for Fourth Quarter and Fiscal Year Ended September 30, 2016

Consolidated Q4 revenue of $25.6 million 
Consolidated Q4 GAAP income from continuing operations of $1.7 million and Non-GAAP pre-tax income from continuing operations of $2.6 million  
Consolidated revenue for Fiscal Year 2016 of $92.0 million 
Consolidated net income for Fiscal Year 2016 of $8.3 million after taking into effect income from discontinued operations of $5.6 million 
Expected Q1 revenue of $28 to $30 million
ALHAMBRA, Calif., Dec. 07, 2016 -- EMCORE Corporation (NASDAQ:EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market, today announced financial results for its fourth quarter and fiscal year ended September 30, 2016.
Read more: EMCORE Corporation ( EMKR )

DOE Awards $4.5 Million to Supercondcutor Technology Inc. and Partners to Improve HTS Wire for Next Generation Machines

AUSTIN, Texas, Nov. 29, 2016 -- Superconductor Technologies Inc. (STI) (SCON) has been selected as prime recipient of the $4.5 million program award provided by the U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE), on behalf of the Advanced Manufacturing Office, for its Next Generation Electric Machines (NGEM) program. Collaborating with STI is TECO-Westinghouse Motor Company (TWMC), an industry leading manufacturer of electric generators and motors, and renowned academic institutions Massachusetts Institute of Technology (MIT) and University of North Texas (UNT).  The combined team will focus on improving the manufacturing process of superconductive wires to improve performance and yield while reducing cost at high enough temperatures where nitrogen can be used as the cryogenic fluid.
Read more: Superconductor Technologies ( SCON )

Dataram Corporation Finalizes Agreement to Acquire U.S. Gold Corp.

PRINCETON, N.J., Nov. 29, 2016 -- Dataram Corporation (DRAM), an independent manufacturer of memory products and provider of performance solutions, today announced that it had finalized and filed the third and final amendment to its definitive agreement with U.S. Gold Corp. ("USGC"), a U.S. focused gold exploration and development company.  Under the agreement, Dataram will acquire all of the outstanding shares of U.S. Gold Corp. and USGC subsidiaries.  The original agreement was entered into in June 2016 and has been subsequently amended to reflect the successful capital raise by U.S. Gold, the Series D issuance by Dataram and also, the impact of the reverse split.  The agreement was filed with the Securities and Exchange Commission (SEC) and can be reviewed at
The Companies are working to finalize the preliminary S-4/Proxy, which they intend to file with NASDAQ in December 2016.  Once the NASDAQ review is completed, the Dataram will file a definitive S-4/Proxy and will formally present the merger and associated consideration to the shareholders in early 2017 review and approval.
Read more: Dataram Corporation ( DRAM )

Videos / Webinars

View all videos

Pepperstone | Metatrader 4 Forex Broker