FREMONT, Calif., May 13, 2008 (PRIME NEWSWIRE) -- Market Headquarters announces audio interview with Phil C.S. Yin, Ph.D., Chairman and CEO of AXT Inc. (Nasdaq:AXTI), who speaks about the growth of AXT.
Dr. Yin explains the increase in growth for the 2008 first quarter compared to that of the first and fourth quarter of 2007: "We saw a strong increase in the revenues especially in strategically important areas...to be specific the first quarter (2008) was $19.6 million in revenues compared to $17.6 million in the fourth quarter (2007) and $12.5 million in the first quarter of 2007. So we had very good growth... ."
His prediction for the second quarter 2008 shows how certain he is about AXT Inc.'s continuous success. He stated, "The second quarter we're projecting a revenue of $19.7-$20 million, with EPS (earnings per share), based on a diluted share basis, between 4 and 6 cents."
His detailed elucidation of the company's infrastructure and projects illustrates the source of these increased revenues.
The audio broadcast with Dr. Yin is available at http://marketheadquarters.net/
About AXT, Inc.:
AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China. In addition, AXT maintains its sales, administration and customer service functions at its headquarters in Fremont, California. The company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at http://www.axt.com.
About Market Headquarters:
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Cautionary Statement:
Excluding historical information enclosed in this document and other documents released by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they use words such as "anticipates", "believes", "estimates", "plans", "expects", "intends", "projects", "should", "will" and words of similar meaning. These statements involve a number of risks and uncertainties that could cause actual results to materially differ from the potential results discussed in the "forward-looking statements". Some risk factors are known and some are not. Amongst the known factors that could cause actual results and outcomes to differ materially from those contained in such "forward-looking statements" can be identified from the reports filed by the company with Securities and Exchange Commission. Consequently, Market Headquarters cautions you to place undue reliance on any forward looking statements in this announcement. Market Headquarters assumes no obligation to update any "forward-looking" statements that it may make.