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To: WPC9999 who wrote (22131)	1/15/1999 10:12:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

CREE..I was worried it was priced slightly high although it did beat estimates. Don't forget CREE is up 470% in just a few weeks..

To: WPC9999 who wrote (22131)	1/15/1999 6:16:00 PM
From: lizard lick	Respond to of 120523

CREE---I guess the play would have been to sell the day before around 49-50 but who was to know that a secondary would be paired with earnings anncmt. go figure. The interesting thing was that they beat estimates by a penny hands down, and that was with a write off, they made around .26cnts without it. Either way it was a excellent report and quarter, the secondary caught everyone off guard even though in the scope of things its really not that major of a secondary, and underwriters are sure to have heavy demand. Also goes to show you never know what little surprises you get when you hold overnight for reporting. sold here for a 800 buck loss, when i was 4000 bucks in the money the day before . I like cree still as a topline perfomer in the semi sector over the next 24 months, yr2000 should be big, and successful secondary will help with expansion. You will see 50 again this year and maybe a split down the road. Good luck------moral of the day, take your bloody profits when you have them.