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Posts tagged “Cree”

Updated 12:33 p.m. Wednesday

Cree to light up Sunday's Super Bowl with its LEDs

You may have seen ads showing up on TV touting Cree's LED bulbs. But on Sunday Cree's biggest advertisement for its lighting technology takes center stage, lighting up the Super Bowl in Phoenix.

LEDs light up Super Bowl field LEDs light up Super Bowl field

1:52 p.m. Monday

Triangle firm laying off 319 employees who worked for Cree

Layoffs       A provider of employers for other companies, Green Resources, is laying off 319 employees who had been assigned to work for Durham-based Cree.

Updated January 21

Cree earnings beats Street; shares surge nearly 8%

Cree's Connected LED bulb  Cree's earnings and revenue both topped Wall Street analysts' expectations Tuesday, sending shares up nearly 8 percent in after-hours trading. "We made solid progress," says Chair and CEO Chuck Swoboda.

Tags: Cree
Updated January 21

Premium Lock Cree's top exec gets a curve ball to end earnings call - Might he split the company?

Chuck Swoboda Corporate suits never know what questions a Wall Street analyst will ask when discussing earnings. These guys are Randy Johnsons, not AAA journalists. Such was the case Tuesday evening when Cree's chair and CEO sat down for his give-and-take with men and women looking for any insight into the company's future. And as the call ended, he got a curve ball. Did he hit it out of the park?

Tags: Cree
Updated January 15

Have or thinking about a smart home? Cree unveils an LED 'smart bulb'

Cree is entering the fast-growing smart phone market against competitor Philips, unveiling on Thursday a so-called smart bulb that can be controlled through various apps. The 60-watt LED bulb sells for just under $15.

Cree's Connected LED bulb  Cree's Connected LED bulb

January 13

Cree gears for battle on 2 fronts: Files patent suits, lines up $500M

Fresh from lining up a new $500 million line of credit on Friday, Cree on Monday filed patent and misleading advertising suits against a competitor and its Taiwan supplier on Monday in seeking to protect its LED lighting business.

Cree's new 100-watt equivalent LED bulb Cree's new 100-watt equivalent LED bulb

October 29, 2014

Premium Lock Cree launches cheaper, more traditional-looking bulb

Cree, which rattled investors with a less than bright earnings report and forecast last week, unveiled its promised new LED light bulb Tuesday. It's cheaper and looks more like traditional bulbs. Now, will it light up Cree stock?

Cree's latest bulb Cree's latest bulb

October 23, 2014

Premium Lock #WTWTrends for Thursday: Lenovo and Blackberry, Cree, Relias, #ATO2014 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. 23, 2014 as curated by @WRALTechWire.

October 23, 2014

Premium Lock 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 October 22, 2014

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, 2014

Premium Lock 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, 2014

Premium Lock #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, 2014

Premium Lock 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, 2014

Premium Lock 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, 2014

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, 2014

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, 2014

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, 2014

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, 2014

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, 2014

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.

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