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Technology Stocks : Cree Inc.
CREE 44.59+0.5%Oct 21 3:59 PM EDT

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To: slacker711 who wrote (9960)3/18/2019 8:58:17 AM
From: slacker7111 Recommendation

Recommended By
Bungalow Bill

   of 10074
Very little detail in the call about future plans except that they are doing everything they can to bring in the timeline of doubling capacity within 24 months and the money in this deal is more about the next step beyond that.

Probably the best news in the call is that they plan to have an analyst day after the deal closes in Q4 and it sounds like they will update their plans then.

Overall, this deal increases the focus on Wolfspeed which is an obvious positive, but I really would like to hear more details about an acceleration of their buildout.

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