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Technology Stocks : Wolf speed
WOLF 26.32+0.6%Oct 31 9:30 AM EST
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To: EvanG who wrote (10540)8/22/2022 6:49:02 PM
From: slacker7111 Recommendation

Recommended By
EvanG

   of 10712
 
FWIW, backlog went to $2.2 billion from $764m last year.

but they go out of their way to tell you that this is not in any way indicative of future revs.

Our backlog at June 26, 2022 was approximately $2.2 billion, compared with a backlog of approximately $763.9 million at June 27, 2021. Because of changes in a number of factors, including manufacturing lead times and customer order patterns, we do not believe that our backlog, as of any particular date, is necessarily indicative of actual revenue for any future period. Significant amounts of our backlog relate to agreements that extend past one year.
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