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To: Dalin who wrote (4068)	10/13/2000 4:58:17 PM
From: sam	Respond to of 10713

Cree Disputes Report By BridgeNews DURHAM, N.C., Oct. 13 /PRNewswire/ -- Cree, Inc. (Nasdaq: CREE) commented that a report issued by BridgeNews yesterday was incorrect. The report falsely stated that Cree had "warned" not to keep expecting "such high margins." Cree issued no such warning. Cree's Chief Financial Officer, Cynthia Merrell, when asked about gross margins, stated: "We have not changed our range of low- to mid-50's percent for gross margins going forward. This is the same range as before." Gross margins for the first quarter of fiscal 2001 remained at 55 percent, unchanged from the fourth quarter of fiscal 2000. CNBC, which previously broadcast a purported Cree "warning" about future gross margins, has stated that it relied on the BridgeNews report in the previous broadcasts. North Carolina-based Cree, Inc. develops and manufactures semiconductor materials and devices based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. The company's products include blue and green LEDs, RF power transistors for use in wireless infrastructure applications, SiC crystals used in the production of unique gemstones and SiC wafers sold for use in research and development. Cree has new product initiatives based on its experience in SiC and GaN-based semiconductors, including blue laser diodes for optical storage applications, high frequency microwave devices for radar and other communications systems, and power devices for power conditioning and switching. For more information on Cree, visit cree.com. prnewswire.com