Updated Mar. 6, 2013 at 6:25 a.m.

Premium Lock Cree $10 LED bulb 'biggest thing since lightbulb;' lights up shares

Published: 2013-03-05 07:57:00
Updated: 2013-03-06 06:25:39

Cree touts new bulb vs. traditional lightbulb Cree touts new bulb vs. traditional lightbulb Image 1 of 2 · Next Image…

Cree Chairman and CEO Chuck Swoboda is in New York City today briefing analysts on what could be the breakthrough event for the Durham company in the consumer lighting market: A long-lasting LED bulb that costs $10. The news excites investors as Cree shares jump 7% in pre-market trading and finished up 14.4 percent for the day in heavy trading....

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I think if the average person counted up how many light bulbs they actually have, it would take way longer than two years for the payback. I have well over 50 and stopped counting and I live in a average size home. Lamps overhead lights, bathrooms, closets, ceiling fans, appliances, porch lights. There are a lot of them!
At least we now have an alternative to the stupid CFLs that are imposed on us by the gov't.
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