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Pastimes : QQQ & DIA - chat & chart

QQQ 608.40

-2.0%

Nov 13 4:00 PM EST

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To: Jon Khymn who wrote (268)	1/11/2002 11:54:33 PM
From: Jon Khymn	Read Replies (1) of 795

CREE got Creemed today on dim out look. Drop 23% to $23.6 ================ NEW YORK (Reuters) - Shares in chipmaker Cree Inc. (Nasdaq:CREE - news) fell 23 percent on Friday after the company reported sharply lower quarterly earnings and gave a dim forecast for growth in fiscal 2002 and 2003. After the market closed on Thursday, Cree said its fiscal second-quarter earnings, before unusual items, totaled $5.8 million, or 8 cents a share, down from $13.9 million, or 18 cents, in the year-earlier period. Analysts had expected earnings of 9 cents a share, according to research firm Thomson Financial/First Call. It was the growth outlook that analysts said hurt the stock most on Friday as investors reconciled valuation with the company's lower expectations. dailynews.yahoo.com

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