Posts tagged “Cree”
Cree and RTI International will embark on new Department of Energy research projects into solid-state lighting after landing grants of $1.5 million and $450,000 respectively. But each organization is also contributing to project costs.
Cree launched with fanfare a touted light-emitting diode (LED) replacement for fluorescent tubes but on Thursday the Durham-based company recalled 700,000 of them due to a "burn hazard" from overheating and melting.
Apple-IBM apps for Watch go enterprise IT; Uber loses in France; FAA apps target delays; PayPal going mobile; PowerSecure solar at Cree
In today's Bulldog wrapup of technology news: Apple and IBM unveil enterprise apps for the Watch; Uber loses legal case in France; PayPal is going mobile; the FAA hopes apps will fight flight delays; and PowerSecure teams with Cree for a solar project in Durham.
Cree plans to split into two companies, disclosing plans Monday to spin off its profitable power and radio frequency chip business. It already has hired an executive to serve as CEO - Triangle tech veteran Frank Plastina. The move will help current Cree management to focus on its LED business while at the same time generating capital for the power and RF subsidiary, the company says. Wall Street immediately sent Cree shares up 4 percent.
Cree could very well cash in on the proposed spin-off of its Power and RF (radio frequency) businesses. While the group makes up only 6 percent of Cree's annual revenues, its products have a high gross profit margin. And Cree's top exec recently predicted continued growth while LEDs face challenges.
Cree theft ring?; Triangle rates high in tech jobs; Twitter tumbles; Samsung falters; leather-backed LG phones
In today's Bulldog wrapup of technology news: Three Cree employees have been charged will running a theft operation in Wisconsin; Raleigh and Durham metros score well in tech jobs survey; Twitter stock plunges; Samsung profits take huge hit; and new LG phones will include leather backs.
Cree markets the idea that its LEDs have reinvented the light bulb. Now, the Durham-based tech firm says it is setting new standards for office lighting with "WaveMax" LEDS and fixtures.
If you were struck by the image of bologna frying on a conventional light bulb but not sizzling when draped over a Cree LED bulb, you weren't alone. After two years of major investing in marketing, Cree's top executive says his company's brand is becoming well known.
CoLucid Pharma leaves RTP; Cree LEDs for rural areas; new Samsung, HTC phones; 'Voice'-like app; PayPal's fine
In today's Bulldog wrapup of technology and life science news: CoLucid Pharmaceuticals leaves the Triangle; Cree targets rural areas with new LEDs; new Samsung and HTC phones coming April 10; a new "American Idol"- or "Voice"-like app launches; and PayPal pays $7.7 fine.
IBM BlueMix-Twitter analytics; Cree lights up Habitat for Humanity; T-Mobile's small business offer; Yahoo exits China; 'Line' app toys and more
In today's Bulldog wrapup of technology news: IBM's BlueMix and Watson analytics are analyzing Twitter; Cree boosts its commitment to Habitat for Humanity; T-Mobile targets small businesses; Yahoo exits China; and watch our for lots more from those Line app emoticons.
Cisco's $100M for French startups; Lenovo's AMR server move; another Cree breakthrough; Red Hat's Enterprise Linux cloud; AT&T tops rankings
In today's Bulldog wrapup of technology news: Cisco aims to invest $100M in French startups and to rain 200,000 people; Lenovo pursues development of ARM servers; Cree unveils new LED lighting array advance; Red Hat takes Enterprise Linux to the cloud; McClatchy backs new media incubator; and AT&T tops wireless survey.
Cree's complaint that a competitor and its supplier have violated eight of its patents and engaged in unfair trade has won the attention of the U.S. International Trade Commission. The ITC has launched a formal investigation.
McClatchy reorg hits Raleigh; unlocking your cell phone; Cree warms LEDs; tech execs skip Obama meeting; Tesla profit falls
In today's Bulldog wrapup of technology and life science news: McClatchy reorganization hits interactive group in Raleigh; new rules are official for unlocking your cellphone; Cree offers way to "warm" LEDs; top execs skipping Obama meeting; Tesla's profit falls.
Cree a 'Top 50' innovative firm; Clinverse's new software; Yelp goes takeout; Qualcomm's $975M fine; Uber's panic button
In today's Bulldog blog wrapup of technology and life science news: Fast Company names Cree a top innovative company; Clinverse adds to its software lineup; Yelp buys Eat24; China fines Qualcomm; and Uber adds a panic button in India.
Triangle Capital raising $75M; Cree enters Korea; GSK's HIV sale; Lenovo sells 20,000 phones in 3 seconds; Silk Road trial; Uber research
In today's Bulldog wrapup of technology and life science news: Triangle Capital prices $75M offering; Cree enters Korea market; GSK reportedly hires banks to sell HIV company; Lenovo has another big flash sale in India; the "Silk Road" trial nears its end; and Uber launches a research effort with Carnegie Mellon.
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.
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.
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?