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Technology Stocks : Wolf speed

WOLF 18.56

-6.5%

Dec 12 9:30 AM EST

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To: Jdaasoc who wrote (5493)	7/25/2001 11:13:01 AM
From: Paul Hackett	Read Replies (1) of 10714

If CREE paid $110 million for Ultra RF in stock and Ultra RF just had approx. $10 million in revs. for the latest quarter (and profitable ops.), then I would say that the early indications are that CREE got a pretty good deal. Consider the projections: Ultra RF should generate revs. of approx. $40+ million and they went from losing $17 million in the last 12 months to earning $221,000 for the last quarter. That's quite an improvement in a short period of time. Bottom line is that CREE paid about 2.5 times revs. for Ultra RF, and CREE is currently trading at about 9 times revs.

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