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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (18081)	11/4/1998 2:07:00 PM
From: Venkatesh Nakkala	Respond to of 120523

Any opinions on SPNSF.. Hi Jenna and others, Do anyonme have any opinions on SPNSF...it had excellent earnings about a week back... Thanks, Venkatesh

To: Dave who wrote (18081)	11/4/1998 2:18:00 PM
From: Jenna	Respond to of 120523

CREE ..perfection?.. from 15 to 28 in two short weeks since it was a 'buy' and on the newsletter and showed a nice 'anticipatory upswing'. CREE probably has one of the best chart and fundamentals in the entire market.. It's in the 99th percentile in fundamental strength, in technical peformance, its profitability, valuation.. It's earnings estimate were raised so much that it's in the 98th percentile even in that obscure category of "earnings estimates revised upwards". It's estimated to have at least as far as I can see two more big quarters. Beyond that I don't know.. It could get a downgrade on valuation (even though it just got an upgrade on Tuesday).. For a long term hold, I'd get it. For a position trade I'd wait for it to retreat a bit. But for a real evaluation of the company and what it does, its competitors, etc.. you should ask someone with knowledge in the field that CREE is in. 10/29 08:53 Cree Research, Inc. Books $17.1 Million in Asian Business 10/15 16:41 Cree Research, Inc. First Quarter Earnings Double to 18 Cents Per Share -- Product Revenue Increases 31 Percent 09/10 08:32Multi-Million Dollar Pact With Siemens Is Largest In Cree History 09/04 Cree Research Reports Significant Insider Buying Product Revenue Increases 31 Percent DURHAM, N.C., Oct. 15 /PRNewswire/ -- Cree Research, Inc. (Nasdaq:CREE), the world's leading manufacturer and supplier of silicon carbide (SiC) wafers and SiC based semiconductor products, today reported an increase of 102 percent in net income to $2,366,000, or $0.18 per share, as compared to $1,169,000, or $0.09 per share, reported in the prior year. Revenues for the first quarter of fiscal 1999 increased to $12,279,000, a 20 percent increase over the $10,207,000 reported in the year ago period. Gross margin improved 80 percent year-over-year and 37 percent, sequentially, reaching a record of 46 percent for the first quarter of fiscal 1999. Product margin for the quarter rose to 49 percent. The improved gross margin was driven by lower manufacturing costs resulting from a full quarter of the new conductive buffer (CB) light emitting diode (LED) product and plant yield improvements. In commenting on the quarter's results, Neal Hunter, President and CEO, stated that, "The first quarter of 1999 was an excellent quarter for Cree. Our triple-digit earnings increase demonstrates that Cree has the ability to report substantial earnings growth despite unsettled market conditions in our industry." Hunter added, "Our visibility on the rest of this fiscal year is becoming clearer and we expect to reach our target goals."