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Technology Stocks : Wolf speed

WOLF 20.36

+2.2%

Jan 16 3:59 PM EST

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To: slacker711 who wrote (6590)	1/16/2003 4:35:06 PM
From: jameswallen	Read Replies (1) of 10714

That was higher than my "estimate" of $0.11/shr. Last summer I developed a spread sheet to project Cree's share price. Under my assumptions (http://www.siliconinvestor.com/readmsg.aspx?msgid=18391801), Revenue would be $58M (actual: $56.7M), net profit would be $8.55M (actual: $8.96), and EPS would be $0.11/shr (actual: $0.12). I projected 76.4M diluted shares (actual: 75.3M). Higher Net profit and fewer shares led to a higher EPS. Gross margins were up to 41% from 38%. My guess is Cree was capacity constrained (and that all other manufacturers were also constrained) leading higher selling prices. Cree's sequential growth rate: Jun02: 13% Sep02: 29% Dec02: 16% I think a 20% sequential growth rate is sustainable for the next several years.

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