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

To: John Carragher who wrote (7238)	8/22/2003 11:57:01 AM
From: pompsander	Respond to of 10714

From Briefing.com...doesn't seem to have any impact today in dragging Cree back. 10:13AM FBR maintains Underperform on Cree; target $15 (CREE) 16.46 +0.46: Friedman Billings Ramsey says that despite yesterday's 13.5% move on no news, their Underperform rating remains intact due to increasing competitor capacity as well as growing pricing pressure; also, firm notes that the co's lawsuit issues (alleged improper and misleading business practices) remain, as well as the informal SEC investigation and the 15 shareholder lawsuits, which are all having an impact on margins due to rising legal fees. Target is $15.