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Technology Stocks : Wolf speed

WOLF 18.56

-6.5%

Dec 12 9:30 AM EST

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To: slacker711 who wrote (6182)	6/27/2002 8:02:05 PM
From: Ron	Read Replies (1) of 10714

Defense contracts announced Thursday: -Cree Inc. (CREE) is being awarded an $11.43 million cost share contract that will be estimated government cost share of $8.79 million and an estimated contractor cost share of $2.65 million for the research and development of a 4" Diameter 4H SiC Semi-insulating Substrates, SiC Epitaxy, Gallium Nitride Epitaxy, and associated Material Device Correlation for RF Applications. This contract supports a coordinated DARPA sponsored Wide Bandgap Semiconductor Technology Initiative Program and is anticipated to contribute to the advancement of high power, more compact radars. This contract contains options, which if exercised will bring the total cumulative value of the contract to $15.3 million. Work will be performed in Durham N.C. (82%) and Goleta, Calif. (18%), and is to be completed by January 2004. From the WSJ

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