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 SemiLEDs Corporation (NASDAQ: LEDS)
LEDS ("SemiLEDs") previously reported its financial results for the fiscal fourth quarter and year end 2012, ended August 31, 2012. 
LEDS ("SemiLEDs") Revenue for the fourth quarter of fiscal 2012 was $5.5 million, a 3% increase compared to $5.3 million in the fourth quarter of fiscal 2011. Fourth quarter results reflect the Company?s reduction of the carrying amount of its investment in China SemiLEDs to zero, compared to the third quarter ending balance of $8.7 million. The reduction reflects primarily the Company?s recognition of its proportionate share of an impairment charge on China SemiLEDs? long-lived assets related to the increased likelihood that shareholders of China SemiLEDs would fail to agree to and implement a restructuring plan for China SemiLEDs. SemiLEDs Corporation (NASDAQ: LEDS) develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial, industrial and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, and horticulture. SemiLEDs sells blue, green and UV LED chips. For more information, visit www.semileds.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://crweselect.com/disclaimer)
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