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Technology Stocks : Wolf speed

WOLF 19.68

+13.8%

3:59 PM EST

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To: The Ox who wrote (6463)	11/13/2002 6:33:11 AM
From: DiB	Read Replies (1) of 10713

This is big news. It could be that the prospect of settling with Nichia has been leaked out somehow, thus supporting a new trading range... Cree also reported that its revenue and earnings targets for the current quarter remain unchanged from those previously announced. As a result of this settlement, Cree targets a significant reduction in G&A expenses due to a reduction in legal costs beginning in the third fiscal quarter. I guess my target price to buy CREE shares just got upped... <g><ng>

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