Posts tagged “Cree”

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
October 7, 2016

Premium Lock Cree names president for lighting (+ career highlights), cuts some jobs

Cree logo  Durham-based Cree is adding a new executive to help lead its LED lighting business. Plus: A look at the career experiences of the new executive. Meanwhile, the company is also making some layoffs.

September 16, 2016

Premium Lock Cree unveils new LED bulb lineup, lands additional patent

Cree is rolling out a revamped lineup of new LED light bulbs - 25 in all. The new products generated some glowing headlines. The Durham firm also has secured a patent for a new LED light.

Some of Cree's new bulbs Some of Cree's new bulbs

September 7, 2016

Premium Lock Cree's top exec Swoboda lands 11.6% compensation increase

Cree's Chuck Swoboda   Cree's chairman, chief executive officer and president received a 11.6 percent increase in total compensation in the company's 2016 fiscal year due to an increase in stock awards and non-equity incentive plan compensation, according to a Securities and Exchange Commission filing.

August 17, 2016

Premium Lock In Cree CEO's own words: Swoboda's vision for 'Cree 3.0'

Cree Chair and CEO Chuck Swoboda takes advantage of Cree's earnings report on Tuesday to brief Wall Street analysts about what he sees as the Durham LED-focused company's future. He has called for a "Cree 3.0" after the recent decision to sell its Wolfspeed power/chip business. In his own words, what Swoboda sees: Need for more innovation, new products, as well as possible mergers and acquisitions.

Cree's Chuck Swoboda   Cree's Chuck Swoboda

Tags: Cree
Updated July 15, 2016

Premium Lock CEO: $850M deal means LED-focused 'Cree 3.0'

Cree expects to spend the next six months after the sale of its Wolfspeed division to Infineon Technologies closes working through the transition. But by 2017 it will to be on the way to a Cree 3.0 focusing on its LED lighting business, and looking for M&A opportunities, Cree chair and CEO Chuck Swoboda says.

Infineon CEO Reinhard Ploss, left, and Cree CEO Chuck Swoboda Infineon CEO Reinhard Ploss, left, and Cree CEO Chuck Swoboda

Updated July 15, 2016

Premium Lock Cree including huge building as part of Infineon-Wolfspeed deal

Cree is selling a building at the end of its Silicon Drive campus in Durham as part of its $850 million cash sale of its Wolfspeed Power and RF division to Infineon Technologies, the company disclosed at a press conference Thursday morning.

Cree and Infineon execs at press confernece. Cree and Infineon execs at press confernece.

Updated July 15, 2016

Premium Lock Cree selling power-radio frequency business for $850M

Wolfspeed  Cree is selling its power and radio frequency division to Infineon Technologies for $850 million in cash. Cree had intended to spin off the group known as Wolfspeed as a separate company. Most of Wolfspeed's 600 workers are expected to keep their jobs.

June 24, 2016

Premium Lock Triangle headlines: RTI-Zika research; Quintiles glucose monitoring; Cree's LED plant lights; PatientPay exec; Q2 award

Triangle headlines Triangle headline news this week includes: RTI to host Zika research; Quintiles offers new glucose monitoring service; Cree offers new LEDS to boost plants; PatientPay adds a new exec; and Quintiles joint venture Q2 wins an award.

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