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Posts tagged “Cree”

March 26

TransEnterix cancels investor event; Verizon joins OIN; Cree cracks 300 barrier; Secure Enterprise Computing's new name; Iverify names new CEO

Bulldog 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.

Updated February 19

Premium Lock Cree named to MIT's '50 Smartest Companies' list

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.

Cree's $10 LED bulb   Cree's $10 LED bulb

Updated February 4

Premium Lock Cree unveils self-programming LED lighting; Lord Corp., NCSU buy in

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.

Cree SmartCast Cree SmartCast

Updated January 31

Premium Lock Yahoo hacked; Lulu's deal; Google earnings rise; Amazon's miss; Nintendo health?; Cree's new board member; Verizon deal OK'd

Bulldog 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.

Updated January 22

Premium Lock 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.

President Obama talks with Cree CEO Chuck Swoboda President Obama talks with Cree CEO Chuck Swoboda

Updated January 22

Premium Lock Cree plans more LED bulbs at different prices to boost sales

Cree's new prices are planned for this spring as part of the company's effort to drive even more sales of its LED bulb, launched last year at the retail price of $10. The news comes after Cree reports record revenues driving in part by surging LED bulb sales.

Inside Cree's new LED bulb  Inside Cree's new LED bulb

January 21

Premium Lock Cree hits record $415M in fiscal 2Q revenue

Cree LED lighting technology company Cree reported $415.1 million in revenue for the company's fiscal 2014 second quarter, a 20 percent increase compared to a year ago and enough to beat Wall Street estimates.

Updated January 16

Premium Lock Obama brings national attention to Triangle's semiconductor, cleantech sectors

North Carolina State University will lead a group of six universities and 18 private-sector companies - including Durham-based Cree, ABB, RFMD and Vacon - in a new manufacturing innovation institute that President Barack Obama announced during his Wednesday visit to the Triangle.

ABB workers position semiconductors ABB workers position semiconductors

Updated December 12, 2013

Premium Lock Cree lands $30M in federal tax credits to expand 'clean energy' manufacturing

LED manufacturer Cree is getting a $30 million boost from the federal government in the form of tax credits as part of an Energy Department effort to drive more jobs in "clean energy" manufacturing. The government says the credits will help Cree expand in Durham as well as at a plant in Wisconsin.

Cree touts new bulb vs. traditional lightbulb Cree touts new bulb vs. traditional lightbulb

December 4, 2013

Premium Lock Cree roundup: biotech exec joins board, new LED bulb launches, NCSU chooses LEDs for new dorm

Sanofi executive Anne Whitaker joins Cree's board of directors; Cree expands its LED portfolio with a new 75-watt bulb; and N.C. State is using Cree bulbs to help a new residence hall meet LEED Silver certification standards.

Cree's 75 watt LED bulb Cree's 75 watt LED bulb

Updated October 30, 2013

Premium Lock As stock wobbles, Cree touts LED lighting's growth prospects

Cree CEO Chuck Swoboda used the company's annual shareholders meeting to explain how low-cost LED lighting fits the company's long term strategy. WRALTechWire Insiders can read more about his comments.

Cree's $10 LED bulb   Cree's $10 LED bulb

Tags: Cree
Updated October 23, 2013

Premium Lock Cree CEO: New bulbs build brand, 'drive the conversation' on LED lighting

Cree's latest revenue, earnings and margin forecast on Tuesday disappointed investors and shares tumbled in after-hours trading. But in a conference call with analysts, Chairman and CEO Chuck Swoboda spoke confidently about the company's surging sales, especially for its recently introduced LED bulbs for consumers. He sees these bulbs as helping Cree build its brand and expand its opportunities in the big markets: Commercial LED lighting.

Inside Cree's new LED bulb  Inside Cree's new LED bulb

October 2, 2013

Premium Lock Upgrades turn Cree stock back on; LED bulbs gain Energy Star status

New "buy" ratings from analysts at Goldman Sachs and Canaccord Equity spark a 16 percent run-up in Cree shares and ignite a blizzard of trades on Tuesday. Today, Cree has more good news - An Energy Star rating for its new LED bulbs and lower costs with rebates.

Cree's $10 LED bulb   Cree's $10 LED bulb

September 9, 2013

Premium Lock Cree lighting replacing fluorescent fixtures at NASA headquarters

Cree Fluorescent fixtures are going out and new Cree LED-powered fixtures are going in at NASA's headquarters in Washington, D.C. as part of a program to cut energy costs.

Updated August 14, 2013

Premium Lock Lights out on Cree: Shares plunge 22% despite defense from some analysts

Cree's $10 LED bulb   Cree"s latest financials and forecast for revenue on Tuesday fell shy of analyst estimates. The news sent Cree shares tumbling Wednesday even as some Wall Street analysts rushed to defend the stock.

Tags: Cree
Updated August 14, 2013

Premium Lock Cree's Swoboda plans for market expansion, capital expenditures

Cree CEO Chuck Swoboda offers some insight into how and where the company will grow - but not necessarily through acquisitions.

Cree's Chuck Swoboda Cree's Chuck Swoboda

Tags: Cree
June 4, 2013

Premium Lock Cree lands $2.3M federal project targeting consumer lighting

The U.S. Energy Department will help underwrite the cost of developing a new design for linking LED lights. Cree also must provide funding.

Cree's $10 LED bulb   Cree's $10 LED bulb

Updated April 24, 2013

Premium Lock Cree shines as fiscal 3Q revenue reaches a record $349M

Cree's $10 LED bulb   LED lighting company Cree reports record revenue amid strong demand for its products, including its new consumer-focused $10 LED light bulb that was unveiled last month.

Updated April 23, 2013

Premium Lock Ahead of earnings and Earth Day, Cree lights up TV with LED bulb commercials

Cree announces its latest quarterly earnings today and perhaps will offer insight into just how well its new LED Bulbs are faring in the consumer market. To boost sales, Cree unleashed a barrage of "nostalgia is dumb" commercials over the weekend. Yes, that was Durham-based Cree advertising during NBA playoff games.

Cree touts new bulb vs. traditional lightbulb Cree touts new bulb vs. traditional lightbulb

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