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To: RocketMan who wrote (2029)2/12/2000 5:46:00 PM
From: pompsander  Respond to of 10714
 
And, Rocketman...look at their justification for the decision. They "feared dilution" from the SPO. Did they bother to research why CREE had raced to get out its quarterly earnings, shoved the SPO forward, put on a magnificent roadshow and why the stock had run from 36 to 85? The best was yet to come and if they had asked around "the street" they could have figured that out and still been in at 160. I am no more an expert than the next average guy on this thread, but this SPO had less risk of causing earnings dilution than any I had ever seen. With all the product demand in front of this company, was it logical to think they could not invest the SPO proceeds in a manner which would match their historic ROE? I don't think so.

Sheesh.



To: RocketMan who wrote (2029)2/12/2000 8:02:00 PM
From: FatSam  Read Replies (3) | Respond to of 10714
 
I think that the positive CREE article in "The Street.com" is the ultimate irony - just a few months ago Greenberg wrote a series of very negative articles on CREE in the same publication. It sort of makes you wonder if the left hand ever communicates with the right hand.