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Posts tagged “Cree”

Updated October 21

Premium Lock Cree earnings beat analysts' estimates by a penny

Cree logo Cree (Nasdaq:CREE) beat analyst's forecasts in its fiscal year first quarter earnings, reporting revenue of $425.5 million and earnings of 21 cents a share, topping the Thomson Reuters consensus estimate of $418.67 million and 20 cents a share. The company says its restructuring plan, which includes its Durham manufacturing facilities, is "on track."

Tags: Cree
September 14

Premium Lock Cree's new bulb last longer, looks better

Cree's Connected LED bulb   Cree, Inc. (Nasdaq: CREE) announced a new version of its popular LED lightbulb Monday, promising better light with a longer life and more energy savings.

Tags: Cree
Updated September 2

Premium Lock Cree names spinoff of chip, radio frequency business 'Wolfspeed'

"Wolfspeed," which is in part a tribute to research dating back to the N.C. State days of Durham-based Cree, is the name for the semiconductor and radio frequency business the company plans to spin off as a separate venture in coming months. One of Cree's founders is part of the new group which will be led by Triangle veteran tech executive Frank Plastina. And its tech will be used in the new Air Force F-35 fighter.

Wolfspeed Wolfspeed

August 12

Premium Lock Cree's top exec delivers a pep talk, projects '10% growth'

Cree's Chuck Swoboda Cree's latest financials on Tuesday drove share prices down nearly 4 percent in after-hours trading and close to 52-week lows. But the bad news, including $84 million in costs for restructuring its LED business, didn't keep Cree's top executive from delivering a pep talk to Wall Street analysts.

August 4

Premium Lock Cree signs patent licensing deal with large Asian LED manufacturer

LEDs light up Super Bowl field Cree strikes a patent cross-license agreement with Epistar Corp., a large LED manufacturer in Taiwan. As part of the deal, Cree will receive a licensing fee and royalty payments.

July 9

Premium Lock Cree acquires Arkansas Power Electronics

Cree logo Cree, Inc. (Nasdaq: CREE), a market leader in silicon-carbide (SiC) power and radio frequency (RF) products has acquired APEI, a global leader in power modules and power electronics applications in a deal it says will help it further disrupt and expand its market.

June 26

Premium Lock 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

Premium Lock 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

Premium Lock 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.

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The Skinny: A Blog by Rick Smith