Posts tagged “Cree”
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?
Yahoo earnings fall; N.C. Solar Center's new name; Novartis-Google 'Glass' contacts; Cree expands; Sling's new devices
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.
China firms turn on IBM, EMC; Cree-Walgreens deal; Google removing some results; Nortel bankruptcy update
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.
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.
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.
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."
TransEnterix cancels investor event; Verizon joins OIN; Cree cracks 300 barrier; Secure Enterprise Computing's new name; Iverify names new CEO
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.
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.
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.
Yahoo hacked; Lulu's deal; Google earnings rise; Amazon's miss; Nintendo health?; Cree's new board member; Verizon deal OK'd
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.
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.
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.
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.
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.
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.
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 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 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.