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

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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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At least we now have an alternative to the stupid CFLs that are imposed on us by the gov't.
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!
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