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To: Eugene M O'Donnell who wrote (763)	3/26/1998 9:30:00 AM
From: harvest-1934	Read Replies (1) \| Respond to of 10714

of course there will be competition in blue and green led's but cree has the only vertical device and the lowest price. these are important points.Cree is already making good profit on their led and will ramp up from here.the market for auto use which they are the only one for blue is larger than Nichia use for outdoor signs.cree can now compete for this business at a much lower price with their cbl led yes they were about 3 mo. behind.Itwas worth it! but fundamentals have never been better.

To: Eugene M O'Donnell who wrote (763)	3/26/1998 11:29:00 AM
From: Ghassan I. Ghandour	Read Replies (1) \| Respond to of 10714

Since you mentioned it, yes I was disapointed it didn't recover above 18 on Monday. It did try though and it was stuck at 18 for some time. Having bought at 15 I was still up 20% in two weeks, so I sold. I also like the company and would like to buy back under 15 if correction does it, but I also like some other companies (if not). I missed buying back AND as I placed an order at 14 (when the market dipped two weeks ago -- I got cree but failed to get AND for as it only dipped to 14 and 1/4 and it is now above 21, I would have sold it already). Yes, I like the technology here and I am well aware of the Japs competition but I think we have here some smart people at the company and the stock will eventually shine. Good investing (or should I say trading?) Ghassan.