the inscrutable R Low to speak ... i can hardly wait ..
FREMONT, CA--(Marketwire - Jan 14, 2013) - AXT, Inc. ( NASDAQ : AXTI ), a leading manufacturer of compound semiconductor substrates, today announced that Raymond A. Low, chief financial officer, will present at the 15th Annual Needham Growth Stock Conference at the Palace Hotel in New York City on Thursday, January 17th, 2013 at 10:00 am ET.
A link to the live webcast will be available on the Investor Relations section of the company's website prior to the presentation. A replay of the webcast will be available shortly following the live presentation.
Thursday is our day then for the presentation. I am a bit disappointed that there was no news whcih means they won't really be presenting anything new as that has to be announced. They just need to state their case for the future of internet connectivity and their place in wafers/chip fabrication and raw materials.
I still don't see any real near term drivers other than pricing stability and perhaps some recovery. Longer term, lets hope the demand keeps growing, they have a lower cost structure which attracts more customers and then steady growth in business growth and valuation.
Maybe someone will ask him to comment on Young's SEC filing on salary provision. At this point, I would almost consider accepting a 20% premium for a buyout...........although I had hoped AXTI would be a double from here over the next 2 to 3 years.