{"id":182353,"date":"2010-01-15T01:28:00","date_gmt":"2010-01-15T06:28:00","guid":{"rendered":"http:\/\/www.skyscrapercity.com\/showthread.php?t=1045619"},"modified":"2010-01-15T01:28:00","modified_gmt":"2010-01-15T06:28:00","slug":"explosive-growth-for-tower-jazz","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/182353","title":{"rendered":"Explosive growth for Tower Jazz"},"content":{"rendered":"<div>Anyone familiar with what this company is doing. It&#8217;s stock price went up 15% this week. <\/p>\n<p>TowerJazz sees profits, $500m revenue in 2010<br \/>\nCEO Russell Ellwanger: We&#8217;re entering 2010 with almost limitless opportunities.<br \/>\nYossi Nissan13 Jan 10 14:09<br \/>\nTowerJazz Ltd. (Nasdaq: TSEM; TASE: TSEM) predicts that it will report $500 million revenue in 2010 and will become profitable in the second half of the year, said CEO Russell Ellwanger yesterday at the 12th Annual Needham Growth Conference in New York. <br \/>\n&quot;We&#8217;re entering 2010 with almost limitless opportunities,&quot; said Ellwanger in a presentation to investors. Tower&#8217;s fourth quarter revenue 2009 guidance predicts $98-102 million revenue. Projected growth in the first half of 2010 is 100% compared with the first half of 2009. 2010&#8217;s growth rate is projected to be double the growth rate of 2009, and that the projection was before a $130 million 18-month contract in Asia. <\/p>\n<p>\nIn the presentation, Ellwanger noted that that many companies focused on actions to enable survival rather than &quot;innovate themselves&quot; out of the crisis. However, Tower&#8217;s merger with Jazz Semiconductor was a very timely and strategic merger in September 2008, prior to crisis. According to the company&#8217;s presentation, the merger with Jazz doubled its customer base and led to cost savings. This merger enabled the company to become stronger quarter over quarter on both top and bottom line. <\/p>\n<p>TowerJazz&#8217;s share closed at $1.07 on Nasdaq yesterday, giving a market cap of $200 million. The share rose 5.7% by early afternoon on the TASE today to NIS 4.06. <\/p>\n<p>Published by Globes [online], Israel business news &#8211; <a href=\"http:\/\/www.globes-online.com\" >www.globes-online.com<\/a> &#8211; on January 13, 2010<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Anyone familiar with what this company is doing. It&#8217;s stock price went up 15% this week. TowerJazz sees profits, $500m revenue in 2010 CEO Russell Ellwanger: We&#8217;re entering 2010 with almost limitless opportunities. Yossi Nissan13 Jan 10 14:09 TowerJazz Ltd. (Nasdaq: TSEM; TASE: TSEM) predicts that it will report $500 million revenue in 2010 and [&hellip;]<\/p>\n","protected":false},"author":3046,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-182353","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/182353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/3046"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=182353"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/182353\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=182353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=182353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=182353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}