Cree Inc (CREE.O) Key Developments | Reuters.com
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Cree Inc (CREE.O)

CREE.O on Nasdaq

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Cree says new XSP HO series delivers 25 pct performance increase
Tuesday, 17 May 2016 09:00am EDT 

Cree Inc :New Cree XSP HO series delivers breakthrough 25 percent performance increase, enabling new applications.  Full Article

Cree files patent infringement counterclaims
Wednesday, 11 May 2016 04:05pm EDT 

Cree Inc : Suit alleges infringement of two patents related to led bulbs .Cree files patent infringement counterclaims in u.s. District court.  Full Article

Cree and Kingbright settle patent dispute
Monday, 9 May 2016 09:00am EDT 

Cree Inc : Cree and Kingbright settle patent dispute and reach license agreement . Reached a confidential settlement in its patent infringement lawsuit with Kingbright, Inc .Kingbright and Cree have agreed to a royalty bearing, worldwide license to cree patents-in-suit, thereby ending lawsuit between parties.  Full Article

Cree Inc gives Q4 2016 guidance
Tuesday, 26 Apr 2016 04:01pm EDT 

Cree Inc:For Q4 2016 ending June 26, 2016, Cree targets revenue in a range of $370 million to $395 million, with GAAP gross margin targeted to be 30.7%+/- and non-GAAP gross margin targeted to be 31.5%+/-.Sees Q4 2016 GAAP net (loss) income is targeted at $(3) million to $3 million, or $(0.03) to $0.03 per diluted share, excluding any net changes associated with Cree`s Lextar investment.Sees Q4 2016 Non-GAAP net income is targeted in a range of $16 million to $22 million, or $0.16 to $0.22 per diluted share.  Full Article

Cree Inc gives Q3 2016 guidance
Tuesday, 19 Jan 2016 04:01pm EST 

Cree Inc:Says for Q3 2016, Cree targets revenue in a range of $400 million to $430 million, with GAAP gross margin targeted to be 31.0%+/- and non-GAAP gross margin targeted to be 31.7%+/-.Sees Q3 2016 GAAP net income is targeted at $4 million to $11 million, or $0.04 to $0.11 per diluted share, excluding any net changes associated with Cree's Lextar investment.Sees Q3 2016 Non-GAAP net income is targeted in a range of $22 million to $29 million, or $0.22 to $0.29 per diluted share.  Full Article

Cree Inc gives Q2 2016 guidance in line with analysts' estimates
Tuesday, 20 Oct 2015 04:01pm EDT 

Cree Inc:Sees Q2 2016 revenue in a range of $425 million to $445 million.Sees Q2 2016 GAAP net income at $1 million to $7 million, or $0.01 to $0.06 per diluted share.Sees Q2 2016 Non-GAAP net income in a range of $21 million to $27 million, or $0.21 to $0.26 per diluted share.Q2 2016 revenue of $444 million and EPS of $0.26 - Thomson Reuters I/B/E/S.  Full Article

Cree Inc gives Q1 2016 outlook
Tuesday, 11 Aug 2015 04:01pm EDT 

Cree Inc:Targets Q1 2016 revenue in a range of $410 million to $430 million.Targets Q1 2016 GAAP net loss at $16 million to $22 million, or a loss of $0.16 to $0.21 per diluted share.Targets Q1 2016 non-GAAP net income in a range of $19 million to $24 million, or $0.18 to $0.23 per diluted share.  Full Article

Cree announces the signing of Global LED Chip patent cross-license agreement with Epistar
Tuesday, 4 Aug 2015 09:00am EDT 

Cree Inc:Says Cree, Inc and Epistar Corporation have signed a worldwide patent cross-license agreement for light emitting diode (LED) chips to further advance the growth of the LED lighting and LED bulb markets.Says Cree and Epistar both hold broad and substantial LED chip patent portfolios that are important for making blue LEDs, the foundation of white LEDs found in most lighting products manufactured worldwide.Says under the terms of the agreement, each party receives a license to the other's nitride LED chip patents and is granted certain rights to non-nitride LED chip patents.Says over the term of the agreement, Cree will receive a licensing fee and royalty payments from Epistar.  Full Article

Cree Inc acquires Apei (Arkansas Power Electronics International, Inc.)
Thursday, 9 Jul 2015 08:00am EDT 

Cree Inc:Acquires Apei (Arkansas Power Electronics International, Inc.).Says transaction is not targeted to have a material impact on cree's fiscal 2016 earnings.Says under the terms of the agreement, Cree will acquire Apei in a merger transaction.  Full Article

Cree Inc updates Q4 2015 revenue guidance
Thursday, 25 Jun 2015 04:31pm EDT 

Cree Inc:Expects Q4 2015 revenue to be about $375 mln.Q4 2015 revenue $385 mln - Thomson Reuters I/B/E/S.  Full Article

CORRECTED-MOVES-Cree retires from Deutsche Bank's SSA business

LONDON, May 31 (IFR) - Nigel Cree has retired from his job as co-head of sovereign, supranational and agency origination and syndicate at Deutsche Bank, becoming the latest official to leave the bank as it undergoes a deep restructuring.