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To: Sun Tzu who wrote (9035)	10/15/2024 11:00:37 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 10550

For those of you who are into TA, this is how I see the roadmap for WOLF. Warning - this is pure speculation on my part. The stock is under no obligation to do what I think. It is the investor who needs to sense the currents and navigate accordingly. I think it will pullback to 0.38 fib, then find its way to 0.62, then back to 0.5, then... and eventually make it to the top of the fibs I've shown. If all goes well, it should still triple from there, but that is too long of a timeframe to discuss now.

To: Sun Tzu who wrote (9035)	10/22/2024 4:01:43 PM
From: Sun Tzu	1 Recommendation Recommended By toccodolce Respond to of 10550

Activist Jana Partners pushes Wolfspeed to explore sale of devices businessBy Svea Herbst-Bayliss, Reuters - 10:16 AM ET 10/22/2024Investment News NEW YORK, Oct 22 (Reuters) - Activist investor Jana Partners urged Wolfspeed Inc ( WOLF ) on Tuesday to boost its share price by increasing gross margins, exploring a sale of its device business and pursuing a partial sale of its silicon carbide wafer business to a strategic partner. Such steps could push Wolfspeed's ( WOLF ) share price significantly higher, Scott Ostfeld, Jana Partners' managing partner said. Wolfspeed ( WOLF ), the world's largest maker of silicon carbide, closed trading at $15.39 on Monday, having lost 64% this year. Ostfeld spoke at the 13D Monitor Active-Passive Investor Summit in New York after the firm took a position in the company this year and pushed it to adopt a "back-to-basics" strategy that focuses on better execution and considers strategic opportunities such as a sale. Last week, Wolfspeed ( WOLF ) said it added two new directors to its board and was awarded a $750-million grant under the federal CHIPS and Science Act. Combined with $1 billion in cash tax refunds for advanced manufacturing and a combined investment from investors including Apollo, Baupost Group and Capital Group, the company secured $2.5 billion in total financing to complete building its next-generation silicon-carbide capabilities. Ostfeld said this addresses Wolfspeed's ( WOLF ) funding needs, freeing the company to concentrate on running the business better and pushing shares higher. News of the fresh cash and new directors drove Wolfspeed's ( WOLF ) shares up last week. Ostfeld, who has served on a variety of public company boards, said he believes Wolfspeed ( WOLF ) management shares the hedge fund's sense of urgency to boost performance and the share price. The hedge fund welcomed Wolfspeed's ( WOLF ) two new directors. Investment banker Woody Young, one of the new directors, joined Frontier Communications' board in February where Jana had also pushed for a sale. Last month telecom giant Verizon made a bid for Frontier and investors will vote on the deal next month. (Reporting by Svea Herbst-Bayliss; Editing by Rod Nickel)