Posts tagged “Cree”

November 22

'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

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

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

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

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

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

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

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

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

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

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.

May 9

Premium Lock Triangle headlines: $55M Duke Energy-Duke U. power project; Cree patent deal; LabCorp colon cancer blood test; Cree's board

Triangle headlines In today's wrapup of Triangle related tech and life science news: Duke Energy and Duke University are collaborating on a $55 million energy project; Cree settles a patent suit; LabCorp launches a new blood test targeting colon cancer; and Cree names former Advanced Auto Parts CEO to board.

April 27

Premium Lock Worst over for Cree? Earnings report gives boost to stock

A new Cree street light fixture  Is the worst over for Cree? The Durham-based LED firm's latest earnings report Tuesday beat the Street and a revenue forecast was largely in line with expectations. The result: A small boost in share price during after-hours trading.

Tags: Cree
Updated April 6

Premium Lock Bearish stampede: Cree shares drop 14% after revenue warning

Cree's Chuck Swoboda   Shares in Durham-based Cree plunged 15 percent in very heavy trading Wednesday after the company warned Tuesday that revenues are plunging well below expectations for the current quarter. Also, Cree says in a securities filing that one of its top executives is moving to a new position. CNBC's Jim Cramer takes a shot at Cree as well.

Tags: Cree
Updated March 3

Premium Lock Cree aims to please street light critics with 'warmer' LEDs

Reacting to complaints about the brightness, harshness and appearance of its LED streetlights, Durham-based Cree is rolling out new devices that it says will provide a "warm color." They can even be dimmed.

A new Cree street light fixture  A new Cree street light fixture

Updated February 25

Premium Lock Cree ups LED power; 'no demons,' says FBI; Cook defends Apple stance; Uber faces troubles in France

Bulldog In today's Bulldog wrapup of technology news: Cree ups power in LED bulbs; head of the FBI says there are "no demons" in the iPhone showdown with Apple; CEO Tim Cook defends Apple's stance; and Uber faces trouble in France.

February 24

Premium Lock Accent lighting, recessed fixtures are focus for Cree's latest LED bulb

Cree's PAR 30  Cree is bolstering its LED lighting lineup with a just-under-$20 bulb that is geared for use in recessed fixtures and to provide accent lighting.

February 22

Premium Lock CH joins Smart City effort; Cree rallies on upgrade; Chimerix stock plunges; Uber driver in shooting; Facebook Messenger update

Bulldog In today's Bulldog wrapup of tech and life science news: Chapel Hill joins AT&T Smart City initiative; analyst's upgrade sends Cree shares up; Chimerix shares plunge on bad clinical trial news; Uber says one of its drivers was involved in the Michigan shootings; and Facebook updates Messenger.

Updated February 17

Premium Lock Cree's SmartCast tech is part of Cisco's new IoT 'Digital Ceiling'

A new suite of smart building services from Cisco includes SmartCast, a system designed to deliver LED lighting in more cost-effective ways and in multiple shades, from Cree. Cree says SmartCast brings the Internet of Things to building lighting systems with "Power over Ethernet."

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