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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (53162)	8/10/2011 11:01:18 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95616

CREE INC. (CREE) POSTS Q4. 2011-08-10 CANACCORD UPGRADES TO BUY FROM HOLD Analyst Jonathan Doresheimer says Q4 more or less in line but guidance was above what he feels were fairly bearish buy-side expectations. Notes after three quarters of increasing days in inventory and falling gross margins, CREE finally begun to work down its inventory levels relative to sales, COGS. Notes data suggests we may not yet be at a bottom but CREE has addressed some key issues and he expects both shorts to begin covering and money on sidelines to explore building positions again following the reset. Sees $1.46 FY 12 (Jun) EPS. Ups $37 target to $39.