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Technology Stocks : Semi Equipment Analysis

SOXX 360.20

+2.5%

Feb 11 4:00 PM EST

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To: robert b furman who wrote (2150)	3/12/2002 5:33:03 PM
From: Return to Sender	Read Replies (1) of 95923

Tuesday March 12, 5:05 pm Eastern Time Cree lowers revenue, earnings outlook for 3rd qtr biz.yahoo.com DURHAM, N.C., March 12 (Reuters) - Semiconductor maker Cree Inc. (NasdaqNM:CREE - news) on Tuesday lowered its revenue and earnings forecasts for its third fiscal quarter, citing product delays and weak short-term demand for its light-emitting diodes. Durham, N.C.-based Cree expects to report breakeven earnings per share, before intangible amortization and other one-time charges, for its third fiscal quarter on revenues of $32 million to $34 million. The consensus third-quarter estimate among the nine analysts polled by Thomson Financial/First Call was for a third-quarter profit of 8 cents per share, with forecasts ranging from 5 cents to 9 cents. The company said it is targeting fiscal fourth quarter revenue to increase at least 5 percent sequentially due to anticipated increases in its LED and contracts business. At 14 and change after hours Bob. Ouch for me... RtS

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