Technology Stocks : Cree Inc.
CREE 47.27+0.6%1:24 PM EDTNews

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To: Sam who wrote (9748)10/12/2015 11:50:55 PM
From: Sam  Read Replies (1) of 9844
Duke Energy: The LED-CFL gap is decreasing in the Carolinas Oct 9, 2015, 12:54pm EDT Updated Oct 9, 2015, 12:57pm EDT

But Jed Dorsheimer, analyst for Canaccord Genuity, says that, if we think the LED business is all about consumer bulb adoption, we’re missing the point. Consumer bulbs aren’t the real business driver, he says, calling consumer bulbs “a temporary transitory technology to get people more familiar and to get this technology into homes and into sockets."

Take Cree.

“The driver of Cree’s business is going to be their commercial and industrial lighting products, not the bulb business,” he says. He predicts the lights themselves will be a commodity. “The benefit of LEDs is the fact that you’re going to a digital technology, and once you go to digital, there’s a whole host of things you could do that you could never do with lighting before.”

He sees a future where the streetlights themselves are Wi-Fi hotspots, where signal lights can automatically come on in the event of an emergency. Where LEDs can be completely controlled via smartphone.

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