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Posts tagged “Cree”

June 26

Cree takes hits on Street, in headlines after restructuring news

Cree's Connected LED bulb   Cree's stock plunged 10 percent Thursday to the lowest level in recent months after news late Wednesday that it was restructuring its LED business. A host of analyst firms cut their share target price but at least didn't downgrade the stock. However, a look at headlines and reporting shows that Cree's future is a bit dimmer in the media's eyes.

Updated June 25

Cree stock plunges on LED restructuring; layoffs coming?

Cree's dimmable 90-watt LED bulb As the stock markets closed Wednesday, Cree announced a restructuring plan, a big cut in its revenue forecast and a $500 million share buyback plan. Wall Street reaction was immediate Thursday: Shares fell 10 percent to a new 52-week low. Will the slide continue today? Will there be layoffs?

Updated June 25

Premium Lock Remembering Triangle's first 'disruptors' from 2007 - and warnings still relevant today

The late Neal Page, Ryan Allis, Jud Bowman, Bob Young and their companies (Inlet, Broadwick, Motricity, Red Hat) were branded among the original "disruptors" by Business 2.0 magazine in 2007. WTW takes a look back at them in light of Cisco's new "Digital Vortex" report on the latest "disruptor" trend.

Ryan Allis, left, and Jud Bowman: "Disruptors" Ryan Allis, left, and Jud Bowman: "Disruptors"

June 18

Modified Cree dimmable LED bulbs 'shine' in Consumer Reports tests

Cree's dimmable 90-watt LED bulb Cree, which recently had to recall more than 700,000 LED-equipped tube lamps, receives much better news in tests of its updated 90-watt equivalent dimmable LED bulbs. from Consumer Reports.

Updated June 8

Premium Lock Cree lands $1.5M, RTI International $450k for federal lighting research projects

Green energy Cree and RTI International will embark on new Department of Energy research projects into solid-state lighting after landing grants of $1.5 million and $450,000 respectively. But each organization is also contributing to project costs.

June 4

Premium Lock 'Burn hazard' triggers recall of 700,000 Cree LED tube lamps

Cree launched with fanfare a touted light-emitting diode (LED) replacement for fluorescent tubes but on Thursday the Durham-based company recalled 700,000 of them due to a "burn hazard" from overheating and melting.

A recalled Cree tube A recalled Cree tube

Tags: Cree
May 22

Premium Lock Apple-IBM apps for Watch go enterprise IT; Uber loses in France; FAA apps target delays; PayPal going mobile; PowerSecure solar at Cree

Bulldog In today's Bulldog wrapup of technology news: Apple and IBM unveil enterprise apps for the Watch; Uber loses legal case in France; PayPal is going mobile; the FAA hopes apps will fight flight delays; and PowerSecure teams with Cree for a solar project in Durham.

Updated May 18

Premium Lock Cree to spin off power, radio frequency business, hires Frank Plastina to lead it

Cree plans to split into two companies, disclosing plans Monday to spin off its profitable power and radio frequency chip business. It already has hired an executive to serve as CEO - Triangle tech veteran Frank Plastina. The move will help current Cree management to focus on its LED business while at the same time generating capital for the power and RF subsidiary, the company says. Wall Street immediately sent Cree shares up 4 percent.

Frank Plastina  Frank Plastina

May 18

Premium Lock Cree is spinning off a very profitable if small venture in IPO

Cree's Chuck Swoboda Cree could very well cash in on the proposed spin-off of its Power and RF (radio frequency) businesses. While the group makes up only 6 percent of Cree's annual revenues, its products have a high gross profit margin. And Cree's top exec recently predicted continued growth while LEDs face challenges.

April 29

Premium Lock Cree theft ring?; Triangle rates high in tech jobs; Twitter tumbles; Samsung falters; leather-backed LG phones

Bulldog In today's Bulldog wrapup of technology news: Three Cree employees have been charged will running a theft operation in Wisconsin; Raleigh and Durham metros score well in tech jobs survey; Twitter stock plunges; Samsung profits take huge hit; and new LG phones will include leather backs.

April 28

Premium Lock Having reinvented the light bulb, Cree now takes aim at the office

Cree markets the idea that its LEDs have reinvented the light bulb. Now, the Durham-based tech firm says it is setting new standards for office lighting with "WaveMax" LEDS and fixtures.

Cree's newest lighting solution targets offices Cree's newest lighting solution targets offices

Updated April 22

Premium Lock CEO: Marketing puts some sizzle in the Cree brand

Cree's Connected LED bulb   If you were struck by the image of bologna frying on a conventional light bulb but not sizzling when draped over a Cree LED bulb, you weren't alone. After two years of major investing in marketing, Cree's top executive says his company's brand is becoming well known.

Updated March 27

Premium Lock CoLucid Pharma leaves RTP; Cree LEDs for rural areas; new Samsung, HTC phones; 'Voice'-like app; PayPal's fine

Bulldog In today's Bulldog wrapup of technology and life science news: CoLucid Pharmaceuticals leaves the Triangle; Cree targets rural areas with new LEDs; new Samsung and HTC phones coming April 10; a new "American Idol"- or "Voice"-like app launches; and PayPal pays $7.7 fine.

March 19

Premium Lock IBM BlueMix-Twitter analytics; Cree lights up Habitat for Humanity; T-Mobile's small business offer; Yahoo exits China; 'Line' app toys and more

Bulldog Bulletin In today's Bulldog wrapup of technology news: IBM's BlueMix and Watson analytics are analyzing Twitter; Cree boosts its commitment to Habitat for Humanity; T-Mobile targets small businesses; Yahoo exits China; and watch our for lots more from those Line app emoticons.

February 17

Premium Lock Cisco's $100M for French startups; Lenovo's AMR server move; another Cree breakthrough; Red Hat's Enterprise Linux cloud; AT&T tops rankings

Bulldog In today's Bulldog wrapup of technology news: Cisco aims to invest $100M in French startups and to rain 200,000 people; Lenovo pursues development of ARM servers; Cree unveils new LED lighting array advance; Red Hat takes Enterprise Linux to the cloud; McClatchy backs new media incubator; and AT&T tops wireless survey.

February 12

Premium Lock US Trade Commission launches investigation into Cree patent complaints

Cree's new 100-watt equivalent LED bulb Cree's complaint that a competitor and its supplier have violated eight of its patents and engaged in unfair trade has won the attention of the U.S. International Trade Commission. The ITC has launched a formal investigation.

Updated February 12

Premium Lock McClatchy reorg hits Raleigh; unlocking your cell phone; Cree warms LEDs; tech execs skip Obama meeting; Tesla profit falls

Bulldog Bulletin In today's Bulldog wrapup of technology and life science news: McClatchy reorganization hits interactive group in Raleigh; new rules are official for unlocking your cellphone; Cree offers way to "warm" LEDs; top execs skipping Obama meeting; Tesla's profit falls.

Tags: Cree
February 10

Premium Lock Cree a 'Top 50' innovative firm; Clinverse's new software; Yelp goes takeout; Qualcomm's $975M fine; Uber's panic button

Bulldog In today's Bulldog blog wrapup of technology and life science news: Fast Company names Cree a top innovative company; Clinverse adds to its software lineup; Yelp buys Eat24; China fines Qualcomm; and Uber adds a panic button in India.

February 4

Premium Lock Triangle Capital raising $75M; Cree enters Korea; GSK's HIV sale; Lenovo sells 20,000 phones in 3 seconds; Silk Road trial; Uber research

Bulldog In today's Bulldog wrapup of technology and life science news: Triangle Capital prices $75M offering; Cree enters Korea market; GSK reportedly hires banks to sell HIV company; Lenovo has another big flash sale in India; the "Silk Road" trial nears its end; and Uber launches a research effort with Carnegie Mellon.

Updated January 28

Premium Lock Cree to light up Sunday's Super Bowl with its LEDs

You may have seen ads showing up on TV touting Cree's LED bulbs. But on Sunday Cree's biggest advertisement for its lighting technology takes center stage, lighting up the Super Bowl in Phoenix.

LEDs light up Super Bowl field LEDs light up Super Bowl field

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The Skinny: A Blog by Rick Smith