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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Return to Sender who wrote (53169)	8/10/2011 2:40:43 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) of 95616

I don't follow CREE closely, but I do look at it every week and update the data since CREE is a member of the SOXM. For a long, long time CREE has had a highly elevated level of growth estimate(22 - 27 analysts) compared to the rest of the stocks in the SOXM. The next highest growth estimate in the SOXM is STM at 17. In their quarterly report they only beat consensus earnings of 0.27 by a penny. Operating margins fell to 13.5 percent, less than half the 29.6 percent it recorded a year earlier. Etc, Etc. However, having come up with a report that would have sent most stocks down many percent, CREE is presently up over 21 percent from yesterday's close. From the upgrade report of Canaccord Genuity, this is probably the reason: <<Cantor Fitzgerald said Cree's margins likely troughed last quarter and recommended investors "aggressively accumulate shares at the current depressed valuation to take advantage of a multi-year secular growth trend in solid state lighting.">> The market obviously believes the outlook for growth in this stock.

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