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Re: kcheng post# 28228

Wednesday, 03/23/2011 1:17:41 PM

Wednesday, March 23, 2011 1:17:41 PM

Post# of 44077
Sorry but your information is wrong. Cree has as I previously posted has $153M in government and military contracts; inclusive deals with Rayovac.

Now, today locally the news being reported is: "Cree warns of weaker LED sales."

Cree blamed slower sales of its LED lighting products and "more aggressive pricing." In January, the company warned of declining demand for LEDs used in street lights in China. Cree warned this morning that revenue for the current quarter would be $215 million to $220 million. That's down from previous projections of $245 million to $265 million

Read more: http://blogs.newsobserver.com/business/cree-warns-of-weaker-led-sales#ixzz1HRaX0hAG