"Early last week you published a link to Contrary Investor that featured the LED market. This is indeed an interesting market aided by the tail winds of the Green Movement that is now part of mainstream politics. The company mentioned is a leader in the field. However, behind them is another company that actually makes the MOCVD (metal oxide chemical vapour deposition) reactors and tools that are opening up this market for LED's by driving down the costs of production to enable the LED mass market to develop. The company is VEECO. I am attaching a link to "ElectroIQ" which others might find useful:
"The principal competitor to VEECO is AIXTRON of Germany. Currently, VEECO just have the edge technically. However, the cheap Euro may help AIXTRON maintain the business edge."
Eoin Treacy's view Thank you for this informative email and for highlighting these additional shares, both of which can be found in the Chart Library. As you point out, the LED market has significant growth potential.
Both Veeco and Aixtron performed spectacularly well until April when they entered corrective phases, so far characterized by reversions towards their 200-day moving averages. They have also been upside leaders in the past and could also return to relative strength when the stock market's correction has run its course.