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Cree Inc (CREE.O)

CREE.O on Nasdaq

27.13USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

BRIEF-Cree announces patent license agreement with Ledvance

* Cree Inc- in exchange, Ledvance will receive a license to Cree's extensive portfolio of patents related to led light bulbs and LED luminaires