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To: Pirah Naman who wrote (50204)2/6/2002 6:19:24 AM
From: alanrs  Read Replies (1) | Respond to of 54805
 
2002 - CREE has never made a real profit in its nine years as a public company.

It's very early in the morning and it's off to work I go. On top of that, I am not an accountant and do not have CREEs' annual report on my lap. However, a quick glance at the value line indicates that this is not true.

I feel sure that there will be a post letting me know the weakness of the value line numbers when I return home, and as a heavy investor in this company I would greatly appreciate that.

TIA

ARS



To: Pirah Naman who wrote (50204)2/9/2002 11:03:28 PM
From: Brent Hogenson  Read Replies (1) | Respond to of 54805
 
In regards to your comment that CREE has never made a profit, have you had a chance to review their last 10K?

If so, you would find that they had a profit on a GAAP basis as follows, in thousands:

1999 $12,448
2000 $30,520
2001 $27,843

Note that the 2001 results included in-process R&D charges and and intangible asset amortization of $17,400 and $4,537, respectively. These items would be associated with the Ultra RF purchase.

Brent