Piper Jaffray's Zaman said lighting demand in China, which contributed 40 percent to Cree's sales last fiscal, is taking longer to recover.
Durham, North Carolina-based Cree, however, is targeting revenue to grow 10-12 percent in the fourth quarter, from the third.CALLS have been made to turn off the lights at one of dstti Oxford's busiest junctions, after the traffic ran more smoothly when they failed.
Swoboda said higher demand for lighting applications would be the main driver in the April-June quarter.
Cree,IFC was placed on two-year probation in February following an incident led tube of hazing that occurred after an IFC ceremony in November. with a market value of $5.4 billion, expects gross margin for the third quarter to fall to about 43 percent,The lights, which change colour, are part Led light of the continuing overhaul of the centre. Plans are currently underway to install new tiered seating in the main auditorium which is due to be completed in the summer. from its prior target of nearly 46 percent.
Wunderlich Securities analyst Theodore O'Neill, however, thinks the fears of rapid margin compression are overblown."It has become almost a cliché to say that optical fibers are the cornerstone led light of the modern information age," said Badding. "These long, thin fibers, which are three times as thick as a human hair, can transmit more than a terabyte -- the equivalent of 250 DVDs -- of information per second. Still, there always are ways to improve on existing technology."
"When we get to the day where a single LED can replace a 60-watt light bulb, the margins will be awful but it currently takes 50 or more LEDs in a highly engineered electronic device."
The CEO did not see any immediate impact from the disaster in Japan.
"We do obviously have some suppliers, generally secondary or third on our list, and we're monitoring that ... a lot of people still evaluating what might happen over the next quarter or so," he said.
Cree shares were down $5.93 at $43.06 in afternoon trade. Nearly 16 million shares changed hands, about four times their normal volume.energy saving light bulbs are a great way to save energy and money.
Durham, North Carolina-based Cree, however, is targeting revenue to grow 10-12 percent in the fourth quarter, from the third.CALLS have been made to turn off the lights at one of dstti Oxford's busiest junctions, after the traffic ran more smoothly when they failed.
Swoboda said higher demand for lighting applications would be the main driver in the April-June quarter.
Cree,IFC was placed on two-year probation in February following an incident led tube of hazing that occurred after an IFC ceremony in November. with a market value of $5.4 billion, expects gross margin for the third quarter to fall to about 43 percent,The lights, which change colour, are part Led light of the continuing overhaul of the centre. Plans are currently underway to install new tiered seating in the main auditorium which is due to be completed in the summer. from its prior target of nearly 46 percent.
Wunderlich Securities analyst Theodore O'Neill, however, thinks the fears of rapid margin compression are overblown."It has become almost a cliché to say that optical fibers are the cornerstone led light of the modern information age," said Badding. "These long, thin fibers, which are three times as thick as a human hair, can transmit more than a terabyte -- the equivalent of 250 DVDs -- of information per second. Still, there always are ways to improve on existing technology."
"When we get to the day where a single LED can replace a 60-watt light bulb, the margins will be awful but it currently takes 50 or more LEDs in a highly engineered electronic device."
The CEO did not see any immediate impact from the disaster in Japan.
"We do obviously have some suppliers, generally secondary or third on our list, and we're monitoring that ... a lot of people still evaluating what might happen over the next quarter or so," he said.
Cree shares were down $5.93 at $43.06 in afternoon trade. Nearly 16 million shares changed hands, about four times their normal volume.energy saving light bulbs are a great way to save energy and money.
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