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Technology Stocks : Wolf speed

WOLF 17.95

-2.6%

Dec 26 9:30 AM EST

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To: unclewest who wrote (3663)	8/19/2000 9:42:51 AM
From: w2j2	Read Replies (1) of 10714

Uncle, this paragraph is from Emcore 10K: o In May 1999, EMCORE and General Electric Lighting formed GELcore, a joint venture to develop and market HB LED lighting products. General Electric Lighting and EMCORE have agreed that this joint venture will be the exclusive vehicle for each party's participation in solid state lighting. GELcore seeks to combine EMCORE's materials science expertise, process technology and compound semiconductor production systems with General Electric Lighting's brand name recognition and extensive marketing and distribution capabilities. GELcore's long-term goal is to develop products to replace traditional lighting. EMCORE has invested $7.8 million in GELcore and has seconded various employees to the joint venture to assist in the development of products. From this I suspect that maybe the Cree diodes would be packaged by Gelcore. Certainly SiC will give them much better products than you describe, and GE will not settle for second best. What do you make of it? wj

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