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Posts tagged “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

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."

Updated February 17

Premium Lock What is Cisco's 'Digital Ceiling'? Here's a primer

On Wednesday, Cree disclosed it is a partner with Cisco's new "Digital Ceiling" suite of smart building applications. Cisco says it's taking the Internet of Things to the management of "indoor spaces." Here's insight from Cisco about what the Digital Ceiling is.

A "Digital Ceiling" IP network A "Digital Ceiling" IP network

January 22

Premium Lock Cree a shining light in market plunge - Top exec explains why

Unlike many shares, stock in Cree has shown an improvement so far in 2016. Cree shares are up nearly 4 percent, a better-than-expected earnings report earlier this week contributing to the surge. In talking about the earnings and Cree's commitment to new lighting technology, Cree Chair and CEO Chuck Swoboda gave what has proved to be a successful pep talk to investors.

Cree stock rallies in 2016 Cree stock rallies in 2016

January 20

Premium Lock Cree bounces 5% on earnings; Wolfspeed spin-off being delayed

Cree's dimmable 90-watt LED bulb Shares in Durham-based Cree jumped more than 5 percent in after-hours trading Tuesday after the semiconductor and lighting technology firm reported earnings that beat Street expectations. However, Cree is delaying the spin-off of its Wolfspeed group.

Updated October 21, 2015

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, 2015

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, 2015

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, 2015

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, 2015

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.

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