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Technology Stocks : Wolf speed

WOLF 18.62

-7.9%

Nov 6 3:59 PM EST

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To: slacker711 who wrote (10304)	1/28/2021 9:17:35 AM
From: slacker711	of 10712

The unallocated costs on the GM line are utter BS. 401k matching and incentive plans for manufacturing employees are part of the cost of manufacturing. investor.cree.com Unallocated costs in the table below consisted primarily of manufacturing employees’ stock-based compensation, expenses for quarterly or annual incentive plans, and matching contributions under the Company’s 401(k) plan. These costs were not allocated to the reportable segments' gross profit because the Company’s CODM does not review them regularly when evaluating segment performance and allocating resources. For the first quarter of fiscal 2021, unallocated costs include incremental costs relating to operating manufacturing operations during the COVID-19 pandemic. These incremental costs are primarily comprised of increased cleaning costs, cleaning supplies and protective equipment, as well as the costs from implementing preventative safety measures, including increased wellness checks and time off policies. Additionally, unallocated costs for the first quarter of fiscal 2021 included underutilization charges related to transitioning certain LED Products operations to Wolfspeed operations.

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