Posts tagged “Cree”
Cree on Thursday morning unveiled its latest advance in LED technology, saying it will "reduce system costs" for most lighting applications by 40 percent. The news comes after an earnings report this week led to a hammering of Creek stock with LEDs the big culprit.
Shares in LED manufacturer Cree plunged 10 percent to a 52-week low under $30 after its quarterly earnings report Tuesday. Not even news that Cree plans to introduce a new LED bulb dissuaded investors from dumping shares.
Cree joined a club on Thursday its investors don't like: "The 52-Week Low Club." A revenue warning from Cree sent investors scurrying for the exits early Thursday. Shares plunged 14 percent to a 52-week low of $34.20 and ended up down 12 percent for the day in extremely heavy trading.
A revenue warning from Cree sent investors scurrying for the exits early Thursday. Shares plunged 14 percent to a 52-week low of $34.20 after the Durham-based LED manufacturer said revenue would be "below prior guidance" for the quarter ending in September.
New GSK chairman; Lenovo stock pressure; FTC bitcoin crackdown; FAA to OK drones; Cree's new competition
In today's wrapup of life science and technology news: GSK is getting a new chairman in wake of the China bribery scandal, says The Times of London; Lenovo stock faces price pressure; FTC takes aim at bitcoins; FAA to OK drones for Hollywood; Cree's new competition from Philips.
SAS co-founder and billionaire Jim Goodnight steals the show at CED's Tech Venture with his cutting-edge humor, candid opinions and sage advice. Heard the joke about one refrigerator told the other over the Internet? And be sure to check out our photo slideshow from WRAL's Kelly Hinchcliffe.
Cree reported record income for its last fiscal year on Tuesday and forecast future revenue that didn't quite match analysts' expectations. The news sent Cree shares down in after-hours trading. But in a conference call with analysts, Chief Financial Officer Mike McDevitt dropped a hint that Cree is eyeing another market for growth. So what's Cree thinking?
Yahoo earnings fall; N.C. Solar Center's new name; Novartis-Google 'Glass' contacts; Cree expands; Sling's new devices
In today's Bulldog wrapup of technology and life science news: Yahoo takes a hit; N.C. Solar Center gets a new name; Novartis teams with Google for "Glass" contacts; Cree adds space; Sling's new devices.
China firms turn on IBM, EMC; Cree-Walgreens deal; Google removing some results; Nortel bankruptcy update
In today's Bulldog wrapup: Chinese firms are turning away from IBM, Oracle and EMC; Cree makes a deal with Walgreens; Google begins removing some search results in Europe; and Nortel's bankruptcy case drags on.
Cree just may be hard pressed to find a better way to display the sharpness, power and durability of its LED lighting than a just-unveiled project along side partner Musco Lighting. Cree LEDs - more than 51,000 of them - shine brightly on the new East Span of the majestic San Francisco-Oakland Bay Bridge.
GridBridge is an emerging company in the semiconductor space, and the NCSU spinout looks to be a major player in so-called "wide band gap" technology. According to the Department of Energy, "WBG" promises improved, more efficient energy which in turn could mean "vastly superior" electronics and optics. In part two of an interview, GridgBridge CEO Chad Eckhardt talks about his company and WBG.
Cree Chairman and CEO Chuck Swoboda drops hints in a conference call with Wall Street analysts that the global LED manufacturer and developer is looking for deals. Nothing is imminent, he says, but "we're starting to look" at possible deals "more seriously."
TransEnterix cancels investor event; Verizon joins OIN; Cree cracks 300 barrier; Secure Enterprise Computing's new name; Iverify names new CEO
In today's technology news roundup: TransEnterix cancels an investor event; Verizon joins the Open Invention Network; Cree cracks the 300 lumen barrier for LEDs; Secure Enterprise Computing has a new name; Charlotte-based Iverify has a new CEO.
MIT Technology Review is out with it's 50 Smartest Companies list and Cree is the only LED lighting company on it. Read what got Cree on the list and see which other North Carolina entities also made the cut.
LED lighting company Cree has launched a new self-programming wireless lighting control system that the company says can reduce energy consumption by more than 70 percent - and at half the cost of traditional lighting controls.
Yahoo hacked; Lulu's deal; Google earnings rise; Amazon's miss; Nintendo health?; Cree's new board member; Verizon deal OK'd
In our Bulldog Blog's latest technology news: Yahoo has been hacked; Lulu strikes a licensing deal; Amazon's earnings miss; Google's earnings keep growing; Cree adds to its board; Zynga buys U.K. firm; Nintendo's move to health care; Cree board; Verizon-Vodaphone deal. wins approval.
Inside Cree's earnings: CEO touts Durham plant, says consumers are voting on bulb politics with their wallets
Cree Chairman and CEO Chuck Swoboda reported plenty of good news on Tuesday. New LED light bulb sales contributed to a record $415.1 million in revenue in the quarter, a 20 percent increase compared to a year ago. And in a conference call with analysts Swoboda touted Cree's manufacturing plant in Durham as being a key reason the company can help drive down future LED bulb costs. He also stays out of a political dispute about LED vs. traditional bulbs. "Consumers are already speaking," he says.