Pay $ 50 for a light bulb? At least it will last 20 years
News from Milford Daily News:

In Natick, Marlborough, Shrewsbury, Bellingham and elsewhere, special Home Depot displays recently unveiled on Earth Day marked a new frontier: a household light bulb priced just shy of $ 50, at least for now.

It’s manufactured by Philips, and it alone has passed the rigors of the federal Department of Energy’s “L Prize” to replace commonly used 60-watt incandescent bulbs — though it was also the only entry in the $ 10 million contest.

Like other long-lasting LED bulbs employing diodes instead of filaments, it uses fewer watts to deliver the same amount of light while still turning on quickly and working with dimmers.

Philips says its next-generation bulb will last 3 1/2 years longer than other LEDs on the market, while using two to three fewer watts — translating to 44 to 77 cents less of electricity annually.

Another key feature stressed in the company’s advertisements: pleasing, natural light more closely approximating the “gold standard” emitted by old-fashioned incandescents.

But for the moment it’s also $ 35 more than Philips’ cheaper “AmbientLED” offering — already nearly $ 14 in a category than can run up to $ 40 per bulb even without the new award-winner.

“I personally do not see the LEDs becoming real popular in the home until the price is lowered to an acceptable cost,” Ashland’s Ron Mercuri said by email, describing his…………… continues on Milford Daily News

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REFILE-Siemens CEO says to float 50-75 pct of Osram -paper
News from Reuters:

Mon Apr 30, 2012 2:57am EDT

FRANKFURT, April 28 (Reuters) – Siemens is eyeing a flotation of roughly 50 to 75 percent of its light bulb unit Osram on the stock exchange in the European autumn, the German engineering conglomerate’s chief executive told a newspaper.

“We want to become a minority shareholder but hold a stake of more than 25 percent,” Peter Loescher told German weekly Welt am Sonntag.

“Autumn could be a good time (for an initial public offering or IPO)”, Loescher told the paper, adding: “We are under no pressure, we want an IPO timing that is right also for our shareholders.”

Siemens has said in the past that it might float Osram in the Autumn, depending on how the market for light-emitting diodes (LED) develops.

It postponed a multi-billion euro listing of the light bulb maker in September 2011 as market volatility stemming from the euro zone debt crisis sent investors running from European equity capital markets.

European LED makers have faced increasing competition from Korean and Chinese competitors eager to tap into growing demand for energy-efficient lighting that is set to unseat incandescent and compact fluorescent light bulbs.

Siemens CFO Joe Kaeser has said there are signs the LED industry is reaching a trough. (Re…………… continues on Reuters
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