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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40440)	12/9/2003 2:22:25 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69326

11:56 CREE reit Underperform at SoundView (17.43 +0.39) SoundView raises its DecQ estimates following Cree's (CREE) preannouncement; EPS est goes to $0.15 from $0.14 and revs to $73 mln from $70 mln. However, firm says no change to its investment thesis for Cree, which is based on the company likely seeing lower than historical gross margins resulting from a missed product cycle. Furthermore, based on recent trip to Taiwan last week, firm believes the LED market may be overheating; perceived shortages of wireless handset components may be leading to double ordering