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Cree Reports Sixteenth Consecutive profitable Quarter

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DURHAM, N.C., July 28 -- Cree Inc. -- maker of semiconductor materials and electronic devices from silicon carbide -- reported its highest-ever revenue for this year's fourth quarter, in part because of new technology and growing market applications, the company said. The company reported a total revenue of $33.4 million for fiscal 2000, 13 percent more than last quarter and 82 percent more than the $18.5 million reported for the same 1999 period. Earnings per share rose 150 percent to $0.30 per diluted share, over the $0.12 per diluted share last year (as adjusted for the...Read full article

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    Published: July 2000
    ConsumerdefenseMaterialsNews & Features

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