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To: pass pass who wrote (4775)	1/10/2001 11:44:28 AM
From: Jack Hartmann	Respond to of 10714

I think they made sapphires for red lasers and they had a willing buyer who wanted them for other reasons. Jack

To: pass pass who wrote (4775)	1/10/2001 2:36:57 PM
From: w2j2	Read Replies (1) \| Respond to of 10714

Pass: Cree and C&C (fromerly C3) have always worked closely together. C3 was a brainchild of the Hunter brothers to realize the market potential of silicon carbide as a gemstone (moisanite). C3 paid a lot of money to Cree in the past for gemstone quality moisanite, and also paid for R&D and equipment. (This money had been raised in the C3 IPO) This benefitted Cree by increasing revenues at that time. Now Cree does not need revenues from C&C, but must honor contracts to supply C&C with moisanite. There is no other supplier of gem quality moisanite. Besides, if marketed correctly, moisanite jewelry could still potentially become a significant money maker for both companies. If C&C had been a success, Greenberg would have nothing to say. Unfortunately, till now C&C has not been a success. This has no bearing on Cree. Obviously you and I both believe Greenberg and his short seller friends are very, very wrong about the prospects for Cree. wj

To: pass pass who wrote (4775)	1/11/2001 5:39:11 AM
From: unclewest	Read Replies (1) \| Respond to of 10714

Why should CREE bother dealing with fake diamond maker? Shouldn't they find more noble use of blue LED in high-speed communications and wireless? cc was very important to cree earlier. cc was a full 20% of sales at one time. it is remarkable that cree lost a 20% customer in the past 18 months but has continued to increase sales at an astonishing clip each quarter. think about that a moment...not only has cree grown wildly, they have also successfully replaced 20% of sales.