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Technology Stocks : Cree Inc.
CREE 80.070.0%Oct 4 12:00 AM EDT

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To: slacker711 who wrote (9929)1/29/2019 11:00:38 AM
From: robert b furman1 Recommendation   of 10461
To all on thread,

Here's a real story about Cree lighting.

Our Chevrolet dealership installed new Cree LED lighting back several years ago. After about a year,we started having failures of the fixtures. Three years later every fixture had failed and needed to be replaced. The sealer being used had allowed moisture to enter the fixture causing corrosion.

Two years later our Chrysler store upgraded with a newer model also made by Cree - this time very durable and unbelievably bright at night. Huge electrical savings at both stores.

Cree eventually warranteed all of the original fixtures (over $100,000). A very solid company that stood behind their initial designs, and eventually GOT IT RIGHT.

So you can now understand why lighting fixtures had margin problems (warranty issues).

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