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To: r.edwards who wrote (5321)4/19/2001 7:05:18 AM
From: Bob Fairchild  Respond to of 10714
 
I didn't catch the conference call. Do you recall how many shares the company repurchased and at what price ?

Bob



To: r.edwards who wrote (5321)4/19/2001 10:26:26 AM
From: Jdaasoc  Read Replies (1) | Respond to of 10714
 
re:
number of shares that cree has repurchased at lower prices

So I guess it will appear on the surface that CREE management looks like a short covering his shares. They announced eariler they would buy back up to 4 M shares. Those last $30 M in CREE stock for UltraRF must have closed in last week of March approximately at fairly low prices so they have every incentive to buy back CREE before stock goes much higher.

We all wish CREE management the best of luck.

john