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

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To: Lou Weed who wrote (10426)8/27/2021 5:05:12 PM
From: EvanG  Read Replies (1) of 10461
 
Best guesstimates would be 45/30/25 split Materials/RF/Power?

From the 4Q21 call:
I would anticipate to Jed -- Ed, I'm sorry is that when we look at our plans for 2024 at $1.5 billion we were projecting that roughly $600 million of that was going to be devices.

And about $900 million of that was going -- excuse me $600 million was going to be materials and $900 million was going to be devices. Actually we are anticipating that our device business will be growing faster than the materials business through that timeframe of 2024. And it will most likely accelerate as a percentage of the business beyond 2024 as we start seeing customer ramp with the you know the $1 billion of device wins that we just posted this first previous quarter.

$600 million in materials out of $1.5 billion would be 40%. If the device business is growing faster than materials through 2024, then it would seem materials might be much larger than 45% currently.
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