Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (1753)	2/3/2000 7:27:00 PM
From: Guy Gordon	Respond to of 10714

Creeionaires? Creetins :-)

To: SecularBull who wrote (1753)	2/4/2000 2:54:00 AM
From: stockman_scott	Respond to of 10714

The New Banc of America Report on CREE...FYI... messages.yahoo.com --------------------------------------------------------------- <<03:46pm EST 1-Feb-00 BofA Montgomery (Gauna, Alex 415-913-6323) CREE [12 · Rcvd: Feb 1, 06:12 PM EST ] TFN First Call February 1, 2000 BANC OF AMERICA SECURITIES MONTGOMERY DIVISION BANC OF AMERICA SECURITIES CREE, INC.* STRONG BUY February 1, 2000 SEMICONDUCTORS NASDAQ: CREE Alex Gauna (415) 913-6323; agauna@bofasecurities.com PRICE: $94.13 FYE 6/30 1999 A 2000 E 2001 E 12-MONTH TARGET PRICE: $200 EPS 52-WEEK RANGE: $112-15 Q1(SEP) $0.09 $0.15 A $0.24 FULLY DILUTED SHARES O/S: 31.6 MM Q2(DEC) 0.10 0.18 A 0.26 MARKET CAPITALIZATION: $2,974.4 MM Q3(MAR) 0.11 0.21 0.29 AVG. DAILY VOL. (3 MOS.): 638,014 Q4(JUN) 0.13 0.23 0.32 SECULAR EPS GROWTH: FISCAL YR $0.44 $0.77 $1.12 FY 1999E REVENUES: $100.5 MM P/E N/M N/M 84.0 MARKET CAP./REVENUES: 2960% P/E/G 12/99 TOTAL DEBT: NONE CALENDAR YR $0.58 $0.95 $1.30 12/99 LTD/TOTAL CAP.: N/M P/E N/M 99.1 72.4 12/99 ROAE: 16.3% P/E/G 12/99 SHAREHOLDERS' EQ.: $142.0 MM 12/99 BOOK VALUE/SHARE: $4.50 DIVIDEND/YIELD: NONE * Banc of America Securities LLC currently maintains a market in this security. Banc of America Securities LLC was comanager of a public offering for this company in the last three years. Highlights from the BAS Technology Conference * Cree Indicated Product ASPs are On the Rise, As are Gross Margins, shift continues from standard blue LEDs toward Cree's higher ASP high- brightness LEDs. * High-Brightness Pricing Cuts are Easing Due to Booming, Contracted Demand. Pricing declines, historically on the order of 40-50% annually, are now on a trajectory to decline a mere 20% in 2000. * The Margin Leverage in Our Model is Tremendous. Cree is easily capable of $2.00 in earnings power in 2001, and believe we will be able to make significant upward revisions to our model as we track production yield levels over the coming months. * Wireless Handset Drivers Should be a Big Plus in 2000, in Addition to Two New, as of Yet Unannounced Automobile Platform Wins. to expand design wins from the Nokia and Panasonic platforms, and also beyond its now four vehicle platform wins. With visibility throughout 2000, and superior production, patent, and cost/performance positioning, Cree remains one of our premium, category killer semiconductor investment platforms. We reiterate our Strong Buy price target, or one times forward growth to our 2001 earnings per share potential of $2.00. First Call Corporation, a Thomson Financial company. All rights reserved. 888.558.2500 >>