Advanced Micro Devices Inc (AMD)

[mva5]

OT Cree

The recent dip in Cree share price is a buying opportunity.

Cree has no debt, 250 million cash, roughly 1 $/share earnings and very interesting future growth prospects as more applications for high brightness LEDs are developed and LED lighting becomes more widely used.

The only issue I see is significant competion from several other companies. But so far Cree has been able to keep up to or ahead of the competion in terms of technology advances - unlike AMD.