January 12, 2002

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