Sequential quarterly growth near 30%. YOY earnings will exceed 100% handily. And, they may be able to duplicate the feat in their calendr year 2001
pomp, if you don't mind i am going to post the exact numbers...the promise of future growth got me into cree...the on-going growth acceleration got me in deep.
vs a year ago, current #'s are:
revenues +70%
net +103%
margins increased from 47 to 53%
sequentially total revenues are up 19%. that is annualized 76% growth...
with the current order backlog(over a year),
the fact that customers are on allocation(unfilled demand),
new design wins (more demand),
the new production capacity recently completed and 2 new ones still under construction,
and the funds and land for additional expansion,
not to mention the accelerating demand for LEDs,
cree seems perfectly poised to expand at a rate far greater that the current 76%.
i have maintained that the cree the tornado has begun..some agree, some do not.
here is the little sleeper...that some waiting for the tornado (+100% growth) to begin, may have missed. cree's most profitable product right now is hi-brite LEDs.
hi-brite sales increased 60% sequentially last quarter. that is 240% annual growth.
high brites are now some 70% of total LED sales.
all of this info can be verified in the jan 3 press release.
unclewest
i have not mentioned new products...quite apart from LEDs...we all know they are coming. |
