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Technology Stocks : Wolf speed

WOLF 22.87

+3.5%

3:59 PM EST

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To: John Carragher who wrote (6196)	7/3/2002 11:08:36 AM
From: pompsander	of 10714

Cree added to buy list at Zachs "Cree, Inc. (Nasdaq: CREE chart, msgs) develops and manufactures compound semiconductor materials and electronic devices made from commercialized silicon carbide (SiC) and gallium nitride (GaN). Recently, the company announced that the Office of Naval Research (ONR) has awarded Cree two contracts, with a total value of approximately $14.4 million, as part of the Wide Bandgap Semiconductor Technology Initiative of the Defense Advanced Research Projects Agency (DARPA). Revenues from these types of contracts along with a better economic outlook heading into 2003 has analysts confident that the company will be able to get back on a healthy growth trajectory which should help lift the company's share price."

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