Local Tech Wire

RESEARCH TRIANGLE PARK, N.C. – Jim Cramer, host of “Mad Money” on CNBC, remains a big fan of Durham-based Cree (Nasdaq: CREE) even though its stock took a big hit after growth projections failed to meet Wall Street expectations.

In an extended review of Cree and Rubicon on Thursday night, the author and driving force behind TheStreet.com said both firms’ stocks were “absurdly low” and the firms are “profoundly misunderstood.”

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