SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Lizard Licks bzzzzz...smack!! Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lizard lick who wrote (44)12/8/1998 7:01:00 AM
From: lizard lick   of 79
 
TRouble at Siemens-Cree--- 1/3 of fiscal 99 revenue is dependent on Siemens relationship,,, Cree could start taking hits today on this liability.

12/08/98-Urgent consideration on Restructuring,,,Anyone have an idea how this will affect CREE, since Siemens is their key source of purchase?

Siemens had announced preliminary 1997/98 results on November 4, along with a plan to sell
off businesses with 17 billion marks in sales and take four billion marks in restructuring
charges.

Siemens plans to float its troubled semiconductor business which in 1997/98 posted a 1.2
billion mark loss.
But profit before income tax fell 2.8 percent to 3.44 billion marks. It had pre-tax losses of 1.2
billion marks in its semiconductors unit, which will be spun off, and a 759 milllion mark loss in
rail technology.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News