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Cree Inc (CREE.O)

CREE.O on Nasdaq

25.35USD
23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Wolfspeed has better operating margins than Infineon CFO says
Thursday, 14 Jul 2016 06:45am EDT 

Infineon : Cfo says wolfspeed business has better operating margins than infineon at the moment . Ceo says wolfspeed has gross margin of 55 percent and will grow by average 20 percent annually until 2020 . Cfo says there is positive booking trend at wolfspeed Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Cree says buyer may be required to pay termination fee of $12.5 mln-$42.5 mln
Thursday, 14 Jul 2016 06:43am EDT 

Cree Inc :Says buyer may be required to pay Cree a termination fee ranging from $12.5 million to $42.5 million - SEC filing.  Full Article

Cree says to sell Wolfspeed to Infineon for $850 mln cash
Thursday, 14 Jul 2016 06:02am EDT 

Cree Inc : Cree to sell wolfspeed to infineon for $850 million cash . Preliminary revenue results for q4 were at upper end of company's target range at approximately $388 million . Targets approximately $585 million of net proceeds after tax and other deal related costs . Q4 revenue view $382.8 million -- Thomson Reuters I/B/E/S .Target using capital raised, combined with free cash flow, to fund "select m&a", as well as to support additional stock buybacks.  Full Article

Infineon to buy Wolfspeed from Cree for $850 mln
Thursday, 14 Jul 2016 05:54am EDT 

Infineon Technologies AG: Infineon to acquire Wolfspeed for US dollar 850 million in cash . Transaction to be immediately margin and adjusted earnings-per-share accretive . Transaction will be financed by incremental debt of US dollar 720 million and US dollar 130 million cash-on-hand . Cree's board of directors and Infineon's supervisory board have approved acquisition . Deal also includes related SIC wafer substrate business for power and RF power .Has entered into a definitive agreement to acquire Wolfspeed Power and RF division of Cree.  Full Article

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

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BRIEF-- Charles Swoboda would resign as CEO of Cree

* Charles Swoboda would resign as president, chief executive officer and chairman of board of directors following a transition period Source text for Eikon: Further company coverage: