Sunny, I just read a summary of the Banc of America report. VERRRRY BULLISH.
Here are a few excerpts:
Cree is a unique competitor in all its target market because it controls production end to end.No other player in electronics or opto-electronics can claim to control capital equipment production,substrate production,device processing,and teating to the level that Cree lays claim.
Cree technology addresses a market opportunity we measure in excess of $10 billion.
We believe Cree's white light conversion product win into Nokia's 8850 handset potends a awesome market opportunity.
Cree's SiC development efforts are nothing short of revolutonary!
Competing technologies have significant limitations.
Cree's SiC solutions overcome other compound semiconductor shortcomings
Cree's product portfolio will diversify rapidy in coming years.
Cree's end to end manufacturing approach is unparalleled.
The competitive threats to Cree are modest.
I am very long in my long term acct. Yesterday I went out on a limb on margin when the big dip occured. Too many times I have seen Cree take a hit only to bounce back in a big way. I am taking advantage of the spike (I hope) but I can't live margined to the hilt with Cree. So, that is the extent of my trading. I agree that Cree could spike up 20 point at any time with the news of a strategic partnership or news of starting production on the RF or MW products, needless to say the laser product. When you look at their improving production yields, larger wafer size, and increased production area, Cree is poised to crank out some serious earnings in the next 24 months.
I have been trying to lighten up my Cree holdings just because I am so over wighted in Cree, but I just can't bring myself to do it. Thanks for your comments, though.
MB |
