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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (6594)	1/16/2003 9:54:40 PM
From: w2j2	Read Replies (2) \| Respond to of 10714

Pomp, I cannot do justice to this call. I think everyone should listen to it. Cash flow positive for the first time, and will remain so going forward. Next quarter is more than 80% booked,(better than this 2nd q) Expect $59 to 60 million revenue next Q Led unit sales were up 15 % sequentially ASP's were up this q 3% sequentially, and may be up next q, despite plan to lower ASP's to drive the market LED costs to produce were down 8% megabright LED's were 40% of units x bright were 2%... will ramp this quarter Still working on them. pro forma Gross margin 44%... expect to maintain that Cree Microwave had $.75 million revenue. Hopes to be profitable by the end of calendar 2003. Lots of R&D on new products. Wafer sales units down 21%, but ASP's up 23% due to higher quality Charles and Covard increased purchases by 27% (still small #) LED revenue: 46% from handsets, 27% from cars, 11% from traffic lights and displays, 16 % from other. Challenge: Increase capacity and increase productivity Cree is selling everything it can make. 30 mw Lasers released by July. Still working on them. Cash $177 million Up $14 sequentially days sales outstanding: 55 inventory down .78 million days sales on hand: 42 WJ