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

To: John Walliker who wrote (2003)	2/11/2000 9:09:00 AM
From: MARK BARGER	Read Replies (2) \| Respond to of 10713

FWIW, I just wanted to pass on an unfounded rumour I'm hearing in Durham. There is some speculation that Cree will buy the old Mitsubishi semi-fab plant in Durham that was closed down a couple of years ago. I don't know how large this facility is or even how feasible this is. It's unbelievable that Cree could make this move from 90 to 160 in 6 days without even a hint of a pullback. The pullback on Wed. was a BS MM induced pullback on low volume. No signs anywhere of any major profit taking from the fat cats that got the SPO stock. I sold most of my trading position at 152, but am holding on to dear life my core position and my kids Cree. My son now has a 4-year Duke education paid for thanks to the woderful Creetins. A lot of talk of Cree's position and possible vulnerabilities lately. My take on it is pretty simple. Cree makes SiC high brite. leds that are now comparable in light quality as sapphire, BUT are about 1/2 the price and have an inherent design advantage of placing the leads on opposite sides. If you want a blue or green or white led, you are going to Cree first as a supplier. The handheld device market is exploding The led market is exploding. Cree's production capabilities are exploding. Cree's yield gains and efficiency gains are exploding. Cree's earnings visibility in the next year or so is simply amazing just based on leds. They are looking to make .77 this fiscal year. I see them easily making $2.00 next year. If RF and microwave reach the production stage next year ( pretty much a slam dunk) you can see why all the present buying hysteria surrounds this stock. Short term I thought the stock "looked tired" Wed. but I see no signs of locking in profits on this rocket, just more frenzied buyers wanted to jump in. Not quite sure how to play this as a trader. But long term Cree is much less risky than many people here are making out. Cree has a lock on SiC IP, they make a cheaper led mouse trap. When RF and microwave products are announced, I truly can't imagine how the stock will react. This is going to be a fun ride. Now if the stock would just correct back to 130 again, I could make more sense of this. Somethiing is abrewing out there. MB