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To: slacker711 who wrote (5157)3/8/2001 10:24:36 AM
From: Jack Hartmann  Read Replies (1) | Respond to of 10714
 
Big block buy on cree and Herb Greenberg
3/8/2001 9:54:00 AM $19.000 200,000shares or $3,800,000

Perhaps short covering.

From Herb today
With Cree (CREE:Nasdaq - news - boards), that is. After this column took more abuse from investors (via email and on the message boards), reality hit Wednesday -- a preannouncement for the fourth fiscal quarter. And that's before taking into account the negative impact from the cozy cuddling between parties either formally or informally related to Cree. (The most famous is with Charles & Colvard (CTHR:Nasdaq - news - boards), the fake-diamond maker, which has been stuffed with more than four years' worth of Cree inventory. But I digress...) Cree, like all others, is blaming the slowing economy on its shortfall, and says it believes "that as long as general economic conditions improve and its pipeline of LED product improvements are rapidly deployed in new designs, sequential growth could resume in the second quarter ... and beyond ... assuming the first-quarter sequential growth remains flat to the fourth quarter of fiscal year 2001." That's a lot of ifs, ands or buts (and coulds!)
What's really going on? What's really going on is that prices of LED chips and related components are in free fall. (My assistant, Brian Harris, talked to a company that is selling wafers bought from Cree and others at 25% off list price. Last year, wafers, which are rapidly becoming a commodity, represented 13% of Cree's sales. Wafers that cost $1,000 a few years ago now can be found for $400.) Perhaps more importantly is that 40% of Cree's LED revs come from the auto industry and cell phones -- not exactly two areas of growth in the current environment. And certainly not good news for Cree. And this note: The Hostile React-o-Meter no longer spins out of control when Cree appears here.
thestreet.com

Jack



To: slacker711 who wrote (5157)3/8/2001 1:51:30 PM
From: slacker711  Respond to of 10714
 
UTCI says demand is still strong....

Thursday March 8, 1:11 pm Eastern Time
Press Release
SOURCE: Uniroyal Technology Corporation
Uniroyal Technology Corporation Sees Continued Strong Demand For Increasingly Higher Brightness LEDS
SARASOTA, Fla., March 8 /PRNewswire/ -- Uniroyal Technology Corporation (Nasdaq: UTCI - news), today announced that demand remains strong for high brightness LED (HB LED) applications. The market for HB LEDs continues to differentiate into two distinct segments: HB LEDs used primarily for backlighting applications; and, higher brightness, or ultra high brightness LEDs used for signage, outside displays and traffic signals.

``Although recent announcements indicate a slowdown in some segments of the market, this does not appear to be the case in markets requiring the increasingly higher brightness levels that Uniroyal Optoelectronics has developed,'' said Robert L. Soran, President and Chief Operating Officer of Uniroyal Technology Corporation. ``The very high brightness products have traditionally been produced on sapphire substrates and the leading suppliers have been Toyoda Gosei and Nichia. Comparative lamp testing indicates that UOE's gallium nitride blue and AlInGap 626nm red products are at the high end of the brightness levels.''

Recent industry forecasts released by Strategies Unlimited, Mountain View, California, show that the HB LED market grew to $1.2 billion in 2000, an increase of 53% over 1999, with projected growth of approximately 22% annually through 2005. While markets such as LCD backlighting, particularly for mobile phones, may experience a slowdown due to sluggish cell phone sales, demand for very high brightness products for applications such as outside video displays, signage and traffic signals remains strong. The achievement of higher brightness levels has decreased the number of LEDs required in high brightness applications. This, in turn, has resulted in more cost efficient conversions to LED lighting from traditional incandescent methods, creating a wide variety of new applications for high brightness LEDs.

Uniroyal Technology's Compound Semiconductors & Optoelectronics business segment includes Uniroyal Optoelectronics and Sterling Semiconductor, Inc. Uniroyal Optoelectronics manufactures high brightness light emitting diodes (HB-LEDs), a rapidly growing market with applications such as traffic signals, indoor/outdoor signage and automotive applications. Sterling Semiconductor is a leading producer of silicon carbide (SiC) substrates, epitaxial thin films on SiC substrates and is developing SiC devices for wireless communications, industrial process control, and power amplification. Well-known brand names in Uniroyal's Coated Fabrics and Specialty Adhesives segments include NAUGAHYDE® and NAUGASOFT(TM) in coated fabrics and, SILAPRENE®, HYDRA FAST-EN® and GUNTHER ULTRA/BOND® in adhesives.

The Company's common stock and warrants trade on the Nasdaq/NMS under the symbols UTCI and UTCIW, respectively.

Statements made herein that are forward-looking in nature within the meaning of the Private Securities Litigation Reform Act of 1995 are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, but are not limited to, those related to business conditions and the financial strength of the various markets served by the Company, the level of spending for such products and the ability of the Company to successfully manufacture and market its products.

For the latest news about Uniroyal Technology Corporation, call 800-836-4014.

SOURCE: Uniroyal Technology Corporation



To: slacker711 who wrote (5157)3/9/2001 10:09:03 AM
From: slacker711  Read Replies (1) | Respond to of 10714
 
A TMF poster (phatsack420) wrote to Fran....here is her response.

We have stated that we believe we supply 90-95% of the world's demand for
SiC. The press released focused on slowing economy for LED chips not RF and
microwave. We do not provide customer lists.

Fran Barsky


Hmmm...the bit about the slowing economy is really sort of a tired excuse. Cree doesnt have enough marketshare in it's target markets to be really hit by the slowing economy. Just some speculation...but I think they may have been hoping for some design wins and not received them. The mobile phone industry will be introducing their new models during March (CeBIT and the CTIA shows). It is highly likely that many of these models will include color displays. It is going to be very disappointing if Cree doesnt get some of these designs. Afterall, which industry is more concerned about per unit cost and size than handsets? If Cree cant make headway in an industry which focuses on the strengths of their LED's....how will they make it in industries in which brightness is the primary objective?

Slacker