Driven by Wolfspeed, Cree beats Street on revenue, earnings
A surge in revenues year-over-year and from the previous quarter as well lifted Cree (Nasdaq: CREE) well past Wall Street expectations Tuesday.
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Employee accused of stealing thousands of confidential Cree files
A Cree Inc. staffer is accused of snatching thousands of classified files from the company, possibly to sell to a competitor or a foreign government, according to a search warrant released Monday.
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Cree’s veteran CFO to retire; news sends stock down more than 3%
Just as Cree’s shares hit a 52-week high of nearly $50 a share Thursday, the Durham firm’s long-time chief financial officer disclosed plans to retire
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Cree execs warn a ‘right size’ plan coming for its Lighting Products group
Cree executives told Wall Street analysts Tuesday that the semiconductor, power product and LED lighting firm is launching a plan to “right size” its Lighting Products group.
Read MoreCree stock jumps 7% after Street beat on revenue, earnings, forecast
Shares in Cree soared nearly 7 percent in after-hours trading Tuesday minutes after the LED and semiconductor firm disclosed financials that beat the Street across the board.
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How new Cree CEO Gregg Lowe plans to transform the company – a slide show
Gregg Lowe, the new CEO at Durham-based Cree, plans to transform the LED giant with greater reliance on and expectations for its Wolfspeed business. Check out the slide show he presented to Wall Street analysts.
Read MoreCree hires semiconductor industry exec veteran to lead sales, marketing
Thomas Wessel, a veteran executive in the semiconductor industry with more than 20 years of experience, is the new senior vice president for global sales and marketing at Cree.
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