Supertex Inc. (SUPX) recently reported revenues of $15.9 million in its fiscal second quarter, down 32% year over year but up 17% sequentially.  The sequential increase in revenues was driven by growth in LED driver products for lighting and backlighting, medical electronics products, and electroluminescent (EL) driver products. Orders for LED and EL driver products surged after Labor Day. The company had to rush these orders through its wafer fab and expedite them through backend assembly and test in order to meet customer demand schedules. Demand for medical ultrasound products is also beginning to rebound, as sales grew 17% sequentially.

Management added that its major customer has increased its LED TV sales estimates for 2009 and 2010 while other customers are also ramping up. Sales of LED driver products for general lighting applications have also increased. In anticipation of new cell phone launches, shipments of EL inverter products ramped

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For Immediate Release

Chicago, IL - May 8, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors Corp. (GM), Durect Corp. (DRRX), Endo Pharmaceuticals (ENDP), Onyx Pharmaceuticals (ONXX) and Supertex Inc. (SUPX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Thursday's Analyst Blog:

GM Reports - Is Bankruptcy Near?

General Motors Corp. (GM) posted a reported net loss of $6.0 billion, including special items, or $9.78 per share in the first quarter of 2009. This compares with a reported net loss of $3.3 billion, or $5.80

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Supertex, Inc.: LED Driving Q1 Revenue GrowthShares of Supertex Inc. (SUPX, Hold) are tracking lower in a weak session today following its release of fiscal Q4 and year-end results yesterday. Q4 revenues of $15 million were light compared to our and consensus estimates of $16.1 million and $15.6 million, respectively. Non-GAAP EPS of $0.12 was also lower compared to our estimate of $0.15 and consensus of $0.17. Earnings were negatively impacted by lower gross margin of 42% resulting from weak overhead absorption and lower fab utilization.LED backlighting for LCD televisions was the only "bright" spot in the quarter, and appears to be the driver for Q1 revenues. Sales of medical electronics products, imaging products and industrial electronics products declined sequentially during the reported quarter. Medical electronics product sales performed relatively well in Asia and imaging products, which consist of EL inverter products and commercial ...