DALLAS, July 21, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring semiconductor manufacturer Cree Inc. (Nasdaq:CREE). The report includes financial and comparative analyses, as well as pertinent industry information you need to know to make an educated investment decision.
The investment report on Cree Inc. (Nasdaq:CREE) should be of particular interest to other semiconductor technology companies: Intel Corp. (Nasdaq:INTC), Applied Materials Inc. (Nasdaq:AMAT), KLA-Tencor Corp. (Nasdaq:KLAC) and Advantest Corp. (NYSE:ATE).
It is available at: http://beaconequity.com/i/CREE/
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Cree Inc. (CREE) develops, produces and markets semiconductors by using silicon carbide (SiC) and gallium nitride (GaN). Its primary semiconductor products include light emitting diodes (LEDs) made with SiC and GaN. It also develops and makes power and radio frequency (RF) products.
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In the report, the analyst notes:
"CREE projects continued sales strength from its Xlamp LED components, and firming sales for its retail lighting and video screens sold in China. The Company reported slack sales for its portable LED and flashlight products. Demand from China appears to be the key to the Company's growth path in the coming years. As long as an economic recovery in China materializes as forecast by Beijing, Bank of International Settlements (BIS) and International Monetary Fund (IMF), CREE's sales will benefit from Asia's relative strength.
"On May 26, the Company announced guidance for the fourth quarter, raising its revenue range from $137 million-$143 million to $143 million-$150 million. Thomson Reuters mean analysts' estimate is for the Company to report $139.43 million of revenue. The Company estimates EPS of between 7 cents and 9 cents per share, up from between 5 cents and 7 cents per share, compared with consensus estimate of 14 cents per share."
To read the entire report visit: http://beaconequity.com/i/ CREE/
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