Posts tagged “Cree”

Updated May 31

Premium Lock Just call Bob Ingram 'Mr. Director' - He adds another board leadership spot

Bob Ingram is taking over as the chair of another corporate board. But don't get the idea it's an executive gravy train for the former GlaxoSmithKline exec-turned-venture capitalist and board member.

Hatteras Venture Partners Hatteras Venture Partners

May 25

Premium Lock Cree to pay outgoing CEO Swoboda at least $2.8 million

Cree's Chuck Swoboda  Lighting and semiconductor technology firm Cree will pay outgoing Chief Executive Officer Charles Swoboda more than $2.8 million as part of a severance agreement.

Tags: Cree
Updated May 19

Premium Lock Swoboda to quit as chair, CEO, board member at Cree; stock surges 7%

Chuck Swoboda, the chair and CEO at Cree where he also is a member of the board, is stepping down. He will leave when a successor is found, the Durham-based LED and semiconductor firm says.

Cree's Chuck Swoboda    Cree's Chuck Swoboda

Tags: Cree
May 16

Premium Lock Chinese Academy of Sciences sues Cree, alleges LED patent infringement

Cree logo   Cree, an aggressive fighter against patent infringement on its intellectual property portfolio, now faces a suit in China - from the prestigious Chinese Academy of Sciences, which helped found Lenovo.

Updated April 26

Premium Lock In his own words: Cree's top exec spells out revised strategy

After deciding not to sell its Wolfspeed power business for $850 million when regulators wouldn't approve a deal, Cree Chair and CEO Chuck Swoboda on Tuesday spelled out further revisions of the LED and semiconductor firm's strategy for growth. He announced a joint LED venture with a Chinese firm and pointed out plans to increase capacity for Wolfspeed products. In his own words, he spells out his thinking.

Cree's Chuck Swoboda    Cree's Chuck Swoboda

February 17

Premium Lock Cree calls off $850M Wolfspeed sale, will get $12.5M fee

Wolfspeed  Cree on Thursday called off the $850 million sale of its Wolfspeed power business to Germany-based Infineon, citing the companies' inability to satisfy U.S. concerns about security.

Updated February 16

Premium Lock Infineon CEO, board member warn $850M Wolfspeed buy from Cree in jeopardy

Wolfspeed  Infineon warns for the second time in a week- this time in words direct from its CEO and a board member - that the German tech firm's $850 million purchase of Cree's Wolfspeed semiconductor power business might be blocked by the U.S. government due to security concerns.

February 9

Premium Lock Infineon deal to buy Cree's Wolfspeed unit may be blocked

Cree and Infineon execs at press confernece. The $850 million sale of Cree Inc.'s Wolfspeed Power unit to German chipmaker Infineon Technologies may not happen, the companies said, citing U.S. govenrment security concerns.

Tags: Cree
January 26

Premium Lock As 'Trump bump' lifts Dow to 20K, many Triangle tech stocks join party

Bullish     The Dow hit the 20,000 mark Wednesday, and other Street benchmarks are at record levels as well as the post-election "Trump bump" continues. Several Triangle tech stocks have joined the surge, but management changes at Quintiles and Red Hat show not even Donald Trump means every stock rises.

Updated January 25

Premium Lock Cree stock surges after Street beat; Wolfspeed spinoff nears

Cree logo   Cree beats Wall Street expectations on revenues and earnings, sending its stock up nearly 6 percent in after-hours trading Tuesday. Meanwhile, the Durham LED giant also says it's moving closer to selling off its Wolfspeed power technology business.

December 20, 2016

Premium Lock Cree lands patent fee, royalties in legal battle

Cree logo   Cree has settled a legal dispute over patented LED technology.

Tags: Cree
November 22, 2016

Premium Lock 'Trump rally' lifting many Triangle tech stocks

Bullish     If you missed out on the "Trump rally" that began after election night futures plunged 800 points, it still may not be too late to capitalize. CNN Money says more records could fall today, and Triangle tech stocks have climbed - with some exceptions.

November 9, 2016

Premium Lock Arizona firm sues Cree over LED bulb design

Cree logo   A former Cree customer, Arizona-b ased Optol.lum, is suing the company, maintaining that it stole a design for LED light bulbs from Opto.Lum's from its founder and CEO Joel Dry.

Tags: TechLaw, Cree
Updated October 19, 2016

Premium Lock Cree Q2 forecast misses estimates, stock falls

Cree logo   Cree Inc. shares dropped 9 percent in the extended session Tuesday following Cree's updated forecast of adjusted earnings of 4 cents to 10 cents for the second quarter on revenue of $310-330 million, while analysts expected 16 cents and $336 million, though the firm beat Q1 earnings estimates.

Tags: Cree
Techwire Inside Partners
The Skinny: A Blog by Rick Smith