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To: straight life who wrote (5499)	7/26/2001 12:04:03 AM
From: straight life	Respond to of 10714

Prudential Securities on Wednesday said it cut the 12-month price target on CREE INC. to $24 from $30 after the semiconductor maker reported fourth-quarter results. "Manufacturing yields have been a challenge for the past two quarters and could continue to keep costs relatively high as the company has had execution problems," Prudential said in a research note. "While new products and R&D (research and development) will provide positive momentum long term, we are maintaining our hold rating and are lowering our price target," it said. (Reuters 11:07 AM ET 07/25/2001) Full article at: infobeat.com