john...
too soon to worry about them...lots of folks want to make SiC...lots of $$ spent trying by some great companies. none successful so far.
did you see this cree news after the close?....recovery should begin tomorrow.
incredible that the competition thinks their own growth is lunacy!!! clear to me that cree has the market for the new production growth scheduled for this summer and fall.
unclewest
Cree Says Sales May Surge on Cell-Phone Demand for Its Diodes
Durham, North Carolina, March 29 (Bloomberg) -- Cree Inc. Chief Financial Officer Cynthia Merrill said the company's sales may increase more than 66 percent this year on rising demand for its diodes used in cellular phones and car dashboard displays.
``We probably have sold much of our production capacity for the rest of the year,' said Merrill.
Cree makes blue light-emitting diodes, or LEDs, which produce the light background that lets viewers see images on small screens. The company's sales may surge to $100 million this year from $60 million in 1999 as companies sell more wireless phones that provide Internet access, Merrill said. Cree's LEDs are less expensive than competitors like Uniroyal Technology Corp. because it uses man-made crystals rather than costly man-made sapphires.
``Their competitive position is absolutely incredible,' said Hans Mosessman, an analyst with Prudential Securities Inc., who rates Cree a ``strong buy.' ``Cree has been doubling and tripling capacity every year.'
Shares of Durham, North Carolina-based Cree, which have risen more than six-fold in the past year, fell 14 3/16, or 9.2 percent, to 140 1/16.
Uniroyal Technology of Sarasota, Florida, may double its production capacity even though the company won't begin shipping its product until June, said George Zulanas, Uniroyal's chief financial officer.
``This is lunacy when you think about it,' Zulanas said. ``But the market demands are there.' Shares of Uniroyal fell 7/64 to 53 9/64.
Mar/29/2000 17:02 |
