Everlight Electronics Co., Ltd http://www.alacrastore.com/company-snapshot/Everlight_Electronics_Co_Ltd-2511677 Saturday, November 22, 2008 9:39:04 AM 2511677 Everlight Electronics Co., Ltd en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/665066spcred/665066normThe latest Full Report from S&Pglobal8/14/2008 2:56:45 AM400Full Report665066TaiwanElectronic Equipment ManufacturersAsiaEmerging MarketsCorporationsHigh TechnologyGlobal IssuersFull ReportLimited, albeit improving, operating scale Lack of control on patents for high-end products High industry risks and intense competition Low cost structure and secure LED chip supply Growing market share and consistently robust earnings performance Intermediate financial risk profile The rating on Taiwan-based Everlight Electronics Co. Ltd., the world's seventh-largest light emitting diode (LED) manufacturer, is constrained by the company's limited, albeit improving, operating scale, lack of control on technology, and high industry risks associated with the global LED industry. These risks include volatile product pricing, rapidly evolving technology, and low entry barriers in terms of manufacturing technology and capital. The ratings are supported by Everlight's intermediate financial risk profile, low cost structure, improving product mix, and strong growth prospectsTWN45203010 452030 4520 45Everlight Electronics Co. Ltd.403081ASIAEMERGING2393@TTFULLGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/665069spcred/665069normThe latest Summary from S&Pglobal8/14/2008 2:56:45 AM175Summary665069TaiwanElectronic Equipment ManufacturersAsiaEmerging MarketsGlobal IssuersCorporationsHigh TechnologySummaryThe rating on Taiwan-based Everlight Electronics Co. Ltd., the world's seventh-largest light emitting diode (LED) manufacturer, is constrained by the company's limited, albeit improving, operating scale, lack of control on technology, and high industry risks associated with the global LED industry. These risks include volatile product pricing, rapidly evolving technology, and low entry barriers in terms of manufacturing technology and capital. The ratings are supported by Everlight's intermediate financial risk profile, low cost structure, improving product mix, and strong growth prospects in the LED market. Everlight faces competition from larger integrated LED manufacturers that have substantially richer technology resources and own important patents on key blue and white LEDs. Newcomers backed by major Taiwanese IT companies threaten to erode Everlight'sTWN45203010 452030 4520 45Everlight Electronics Co. Ltd.403081ASIAEMERGING2393@TTSUMMARYGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/bir/1324584bir/1324584normEverlight Electronics Company Ltd.TaiwanManufacturing: Manufacture of a wide range of integrated circuits and infrared products36723344129J23936/5/2008 7:20:03 AM1324584Company Profiles & FinancialsGale Company Profiles