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Posts tagged “Cree”

10:53 a.m. today

Cree, its stock hammered this week, unveils new LED technology

CED's Chuck Swoboda 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.

Updated 7:27 a.m. yesterday

Premium Lock Cree tumbles to 52-week low despite new bulb disclosure

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.

Chuck Swoboda Chuck Swoboda

October 3

Cree joins '52-Week Low Club' after earnings warning pummels stock

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.

Tracking a bad day, bad year for Cree stock Tracking a bad day, bad year for Cree stock

Tags: Cree
October 2

#WTWTrends for Thursday: Lenovo, Durham, startups, bluegrass, missing banjo trending in the Triangle

Trending in the Triangle Trending in the Triangle: Get the pulse of technology in the Triangle with the best in local technology, venture, biotech, and life science news on Thursday, Oct. 2, 2014 as curated by @WRALTechWire.

October 2

Cree shares plunge 14% after revenue warning

Cree's new 100-watt equivalent LED bulb 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.

Tags: Cree
Updated September 25

New GSK chairman; Lenovo stock pressure; FTC bitcoin crackdown; FAA to OK drones; Cree's new competition

Bulldog 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.

Updated September 17

Premium Lock Goodnight just says 'No' to economic recruitment, jokes 'Internet of Things'

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.

CED tech icons panel: A conversation with the greats CED tech icons panel: A conversation with the greats

Updated August 13

Premium Lock Cree earnings top Street; revenue, expectations miss; shares tumble 7%

Cree's $10 LED bulb      LED and chip manufacturer Cree reports earnings of 42 cents per share and revenue of $436 million for its most recent quarter plus annual revenues of $1.65 billion, which were up 19 percent.

August 13

Premium Lock Inside Cree: CFO hints new market push in earnings call

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?

The new Bay Bridge span illuminated by Cree LEDs The new Bay Bridge span illuminated by Cree LEDs

July 16

Premium Lock Yahoo earnings fall; N.C. Solar Center's new name; Novartis-Google 'Glass' contacts; Cree expands; Sling's new devices

Bulldog 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.

Updated June 30

Premium Lock Could a Philips LED spinoff lead to merger with Cree?

Cree Monday morning's announcement that Phillips is spinning off its LED and automotive lighting businesses into a separate company is triggering speculation about a possible deal with LED rival Cree.

June 26

Premium Lock China firms turn on IBM, EMC; Cree-Walgreens deal; Google removing some results; Nortel bankruptcy update

Bulldog 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.

Updated June 20

Premium Lock An LED showcase: Cree lights up San Francisco Bay Bridge

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.

Cree LEDs illuminate the new Bay Bridge span Cree LEDs illuminate the new Bay Bridge span

Updated May 21

Premium Lock 'WBG' could be future of semiconductors- and Raleigh startup is at forefront

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.

Comparing WBG to standard silicon materials Comparing WBG to standard silicon materials

Updated April 23

Premium Lock Deals ahead? Cree CEO looking for 'strategic opportunities'

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."

Cree's Chuck Swoboda Cree's Chuck Swoboda

March 26

Premium Lock 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

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