From Colonel on the Yahoo board.
Highlights of good news for CREE
by: colonel77 9/20/00 1:22 pm
Msg: 35362 of 35371
Some stuff that's been posted lately, but probably lost to some based on the number of posts on my ignore list today (saucey must really be at it!)
CREE has been named one of Fortune Magazine's top 10 companies to own and listed as #11 of the 100 Fastest growing companies. Here's that link again.
fortune.com
Of course, yesterday CREE picked up brand new coverage from First Union securities with a buy rating and an admittedly conservative price target of $155.
They indicated that ther is significant upside potential.
Banc of America reiterated its Strong Buy rating and $300 target yesterday on the heels of CREE's presentation at its conference. Some highlights of that report include:
1) LED business is "booming" and that "insatiable demand has led to broad-based industry expansion, and ongoing yield and brightness improvements are creating strong barriers to entry."
2) RF, already shipping, will ramp "significantly. Excitement over RF products within the channels leads [them] to believe that CREE has a formidable product that will compete well in the wireless base station infrastructure arena."
3) Commercial introduction of the laser product, soon (not sure if it was a type-o but the report has the date set at second half of FY 2001 but the conference call seemed to indicate FY 2002 or calander year 2001)
Today's significant news regarding a new partnership in the develpment/production of those exciting RF products. Here's that link again:
biz.yahoo.com
So, in the past few days we have significant news regarding CREE's broadening product base and indications that things are developing either as expected or perhaps even faster than expected. They are kicking on all cylinders and ramping production on several product lines. As good as things have been on the LED sales, they look to improve dramatically with the ramp-up in newer versions of those LED's, new products, and new partnerships.
As long as CREE can maintain its ability to manage this spectacular growth (see the Fortune magazine article), things look very good going forward.
Of course, this all just relates to the fundamentals of CREE. I have little opinion on trying to time the markets. Don't know anyone who is very good at that over extended periods of time. But more power to you if you can time things. I just invest in extraordinary companies. Just these past few days have only confirmed that CREE continues to aggressively pursue every opportunity that it can manage!
messages.yahoo.com
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