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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (64292)	6/11/2002 1:44:52 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Cree Ups Revenue Guidance host.wallstreetcity.com Boston, Jun 10, 2002 (MidnightTrader via COMTEX) -- Cree, Inc. (CREE) announced today that it has revised its revenue outlook for the three months ending June 2002 and is now targeting increased revenue for the quarter in a range of 8-11 percent over the March 2002 period. Previously, the company had announced that it anticipated revenue growth of at least 5 percent sequentially. Cree also reiterated its outlook for revenue in the September 2002 quarter of at least a 5 percent increase over amounts targeted for the three months ending June 2002. The revised revenue targets result from stronger demand for LED products, particularly for wireless handsets, the company said. Analysts are currently expecting the company to post revenue totaling $36 million in the June quarter, with EPS at $0.01 per share, according to First Call. The stock has yet to trade this morning. Last REDIBook quote below. Price: 10.99, Change: 0, Percent Change: 0 URL: midnight-trader.com