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Technology Stocks : Wolf speed

WOLF 19.49

+6.0%

Jan 13 3:59 PM EST

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To: slacker711 who wrote (5181)	3/9/2001 10:42:47 AM
From: Jack Hartmann	Read Replies (2) of 10714

More Herb on CREE Cree-d off!: What must they be thinking at Spectrian (SPCT:Nasdaq - news - boards) now that Cree (CREE:Nasdaq - news - boards) is warning that its business is soft? A few months ago, when Cree was trading at $35, Spectrian sold its UltraRF semiconductor division to Cree in return for Cree stock. As part of the deal, Spectrian agreed to buy $58 million worth of UltraRF chips from Cree -- no matter what! Spectrian even warns in its 10-Q that it is "obligated to purchase excess inventory that it may never utilize ... which could have a material adverse effect on the Company's business, financial conditions and cash flows." So, here's Spectrian, fresh from its deal with Cree, and not only has Cree's biz slowed -- with its stock now trading at $17.50 -- but so has biz for Spectrian's largest customer, Nortel (NT:NYSE - news - boards)! Talk about getting caught between a rock and a hard place! Maybe Spectrian should've paid closer attention to a similar deal Cree had managed to strike with Charles & Colvard (CTHR:Nasdaq - news - boards), the fake diamond company that got stuffed with four years' worth of inventory. Spectrian officials couldn't be reached. Jack

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