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To: John Finley who wrote (130)2/2/2000 6:39:00 AM
From: John Finley  Respond to of 330
 
Oh, I found out why B of A started with a strong buy:

siliconinvestor.com

The managing underwriters for the offering are CIBC World Markets, Prudential Volpe Technology Group, a unit of Prudential Securities, Banc of America Securities LLC, SoundView Technology Group, and Morgan Keegan & Company, Inc.

Whadda racket! I can't believe this is legal.

JF



To: John Finley who wrote (130)2/2/2000 7:00:00 AM
From: unclewest  Read Replies (2) | Respond to of 330
 
Tuesday February 1, 11:13 am Eastern Time
RESEARCH ALERT - Cree Inc. started at strong buy
NEW YORK, Feb 1 (Reuters) - Banc of America Securities said on Tuesday it had started coverage of Cree Inc. (NasdaqNM:CREE - news) with a strong buy rating.

-- Analyst Alex Gauna said Cree is the world's leading provider of blue light emitting diodes (LED) that complete the LED color spectrum and form the basis for the world's most efficient generation of white light.

-- said booming demand for blue and green LEDs will help Cree's financial performance through December 2000; key demand drivers include wireless handsets, automotive instrument panels, traffic signals and full-color LED displays.

-- said Cree is a unique competitor in all its target markets because it controls production end to end; no other player in electronics or opto-electronics can claim to control capital equipment production, substrate production, device processing, and testing to the level that Cree lays claim.

-- shares up 2-1/2 at 96-5/8 in morning trade on the Nasdaq stock market.