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[Körschgen]

Cree, Inc. Reports Record Third Quarter Revenue

Company Reiterates Targets for Fiscal Year 2002;
Charles Swoboda Named CEO, Hunter Continues as Executive Chairman

DURHAM, N.C., April 11 /PRNewswire/ -- Cree, Inc. (Nasdaq: CREE) today reported record revenue of $53,365,000, a 29 percent increase, sequentially, and an 81 percent increase over the $29,528,000 reported in the year ago period. Product revenue grew 84 percent on a year-over-year basis, and 28 percent, sequentially, to $48,042,000 over the $26,177,000 reported in the comparable quarter a year ago. Excluding intangible asset amortization and a one-time charge of $17,400,000 for acquired in-process research and development as a result of the acquisition of UltraRF, net income grew 53 percent to $13,724,000, or $0.18 per diluted share, over the $8,962,000, or $0.12 per diluted share, reported in the year ago period (as adjusted for the company`s 2-for-1 stock split in December 2000).

For the nine-month period, the company reported record revenue of $132,501,000 compared to $75,203,000 representing a 76 percent increase over the year ago period. Product revenue increased 80 percent to $119,940,000 over the $66,562,000 reported for the comparable period a year ago. Net income rose 110 percent to $40,239,000, or $0.53 per diluted share, before intangible amortization and the one-time charge, and compares with net income of $19,163,000, or $0.28 per diluted share (as adjusted for the company`s 2-for-one stock split), for the corresponding period.

Neal Hunter, Chairman and CEO stated, "We are pleased with our record revenue and strong profitability for the third quarter despite the global economic slowdown. With a strong balance sheet and new capital infrastructure, we are in a unique position to focus on our next generation products that should position us to accelerate growth in fiscal 2002 and beyond."

In addition, Cree today reaffirmed that its business plan for fiscal year 2002 revenue is in the range of $200 to $240 million with earnings per share, before intangible amortization, to be flat to a 20 percent increase on a year- over-year basis.

Cree also announced a key management change in the promotion of Chuck Swoboda to Cree`s President and Chief Executive Officer effective June 25, 2001. Neal Hunter will continue in a full-time capacity as Executive Chairman of Cree and focus on strategic initiatives for the company. Swoboda, in his new position, will be responsible for Cree`s day-to-day operations, and customer and shareholder relationships.

Hunter added, "I am pleased to announce the promotion of Chuck as CEO. He has played a fundamental role in the development and growth of Cree and he has proven his capability for leading the company. His dedication and enthusiasm has been a key influence to our success over the past five years. Chuck`s assumption of the CEO`s responsibilities will enable me to focus my full-time attention to strategic initiatives and expansion of our business."

Cree, Inc. will host a conference call at 4:30 p.m. EDT today to review the details of the third quarter. The conference call will be available to all interested parties through a live audio web broadcast via the Internet. Log onto Cree`s website at www.cree.com and go to "Investor Info" for webcast details. The call will be archived and available on the website through the sixth calendar day following the webcast.

North Carolina-based Cree, Inc. develops and manufactures semiconductor materials and devices based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. The company`s products include blue and green LEDs, RF power transistors for use in wireless infrastructure applications, SiC crystals used in the production of unique gemstones and SiC wafers sold for use in research and development. Cree has new product initiatives based on its experience in SiC and GaN-based semiconductors, including blue laser diodes for optical storage applications, high frequency microwave devices for radar and other communications systems, and power devices for power conditioning and switching. For more information on Cree, visit http://www.cree.com.

This press release contains forward-looking statements involving risks and uncertainties that may cause actual results to differ materially from those indicated including statements regarding targeted financial results for future periods. Actual results could differ materially due to a number of factors, including uncertainty regarding economic conditions; risks from increased competition; uncertain product demand; uncertainty whether we can achieve our targets for increased yields and cost reductions needed to permit lower product pricing without margin reductions; risks associated with the production ramp-up for our ultra bright LED chips, including the possibility of unexpected delays, increased costs and manufacturing difficulties or less than expected market acceptance; risks associated with the planned release of new products under development, including the possibility we will be unable to develop and manufacture commercially viable versions of such products; the possibility of adverse results in our pending intellectual property litigation; uncertainty whether our intellectual property rights will provide meaningful protection; concentration of our business among few customers; and other factors discussed in our filings with the Securities and Exchange Commission, including our report on Form 10-K for the year ended June 25, 2000 and subsequent reports filed with the Commission.

[Forum]

Hast Du alles verstanden ?

Übersetze doch mal in groben Zügen !!

Bin schon länger bei Cree dabei und bedaure nicht nachgekauft zu haben.

€ 50 werden wohl bald gesichtet werden.

Was ist mit der Rambus-Verhandlung in Deutschland ?

Hast Du eine Info hierzu ??

[Körschgen]

Die ersten 100% seit den Quartalszahlen sind eingefahren. Da kaum ein Analyst mit derart guten Zahlen gerechnet hatte und auch nicht mit der Anhebung für das nächste Jahr, ist bis jetzt die fundamentale Unterbewertung lediglich abgebaut worden. Weitere Anstiege sollten jetzt deutlich langsamer gehen, neue Höchstkurse erwarte ich dieses Jahr zwar nicht mehr aber 50-60$ sollten schon noch drin sein.





@Forum:
Übersetzen?
Rambus-Verhandlungen nichts Neues, wenn es etwas positives gibt, werde ich mal wieder einen Thread zu RMBS aufmachen, sonst nicht.
Aber sollten wieder geistig umnachtete Zeugen geladen werden, könnte es wieder in die Hose gehen. Wichtiger aber ist der Micron-Prozess, der wird uns viel stärker beschäftigen müssen.