Cree got hammered on missing
Cree
got hammered on missing the earnings estimate and a lousy top line. The prediction of zero growth for the next quarter or two didn't go over well, either. That's not a good sign for the LED business in general, especially for the more profitable high-end products like the bright, blue LEDs where Cree's chips are used.
Meanwhile, AAPL is doing its usual
post-Expo swoon. I guess the new iMac wasn't sexy enough.
Posted by mikewang on 01:08 PM