2/9/2010-Shares of Rubicon Technology (NASDAQ:RBCN) are trading 2.5% higher to $15.37 Tuesday and earlier rallied 12%, the most intraday since Jan. 25, after the maker of crystalline products reported a Q4 loss of 4 cents per share, besting consensus estimates for a loss of 5 cents per share.

Raja Parvez, President and CEO commented, "Demand from the LED market continues to strengthen, particularly the demand for LED backlighting. With LED backlighting becoming more cost competitive and with the enhanced performance, thin profile and energy efficiency they provide, we expect LED backlighting to continue to rapidly gain market share over traditional backlighting solutions."

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