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   Technology StocksCree Inc.


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To: slacker711 who wrote (9991)8/6/2019 10:49:00 AM
From: slacker711
   of 10121
 
I had thought that Cree and On had already signed a wafer supply agreement. Who was this?

cree.com

Cree, Inc. Announces Long-Term Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company
OCTOBER 16, 2018
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed® silicon carbide wafers to one of the world’s leading power device companies. The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.

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From: Sam8/13/2019 1:34:16 PM
   of 10121
 
Press Release: Cree, Inc. Announces 2019 Fourth Quarter Earnings Release Webcast
DOW JONES & COMPANY, INC. 9:03 AM ET 8/13/2019

Symbol Last Price Change
58.54 +1.12 (+1.95%)
QUOTES AS OF 01:32:58 PM ET 08/13/2019


Cree, Inc. (CREE) Announces 2019 Fourth Quarter Earnings Release Webcast DURHAM, N.C.--(BUSINESS WIRE)--August 13, 2019--

Cree, Inc. (CREE) :

What:     Cree, Inc.(CREE) Q4 2019 Quarterly Earnings Webcast  
When: Aug. 20, 2019 at 5:00 p.m. EDT
Where: investor.cree.com
How: Live over the Internet -- Simply log in at the address above. The
recorded webcast will also be available at the address above for
replay.


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From: Sam8/13/2019 1:56:06 PM
1 Recommendation   of 10121
 
IIVI was incredibly bullish on SiC in their CC this morning.

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To: Sam who wrote (9994)8/14/2019 8:58:16 AM
From: OldAIMGuy
   of 10121
 
Thanks Sam,

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To: slacker711 who wrote (9935)8/14/2019 9:50:51 AM
From: slacker711
   of 10121
 
II-VI Transcript.

They stated that 6% of revenues were for SiC so that amounts to $81.6m for FY2019 (up 51% YoY). They had $24m in SiC capex.

seekingalpha.com

Also found this interesting.

And we think that that explains why we believe we have the largest share of the RF market at this point with the silicon carbon substrates.

I really would like Cree to start giving some granularity about Wolfspeed sales. Putting RF, power, substrates and devices all into one big bucket does investors a huge disservice.

Slacker

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From: slacker7118/19/2019 2:38:12 PM
3 Recommendations   of 10121
 
Hopefully, the weakness today indicates that expectations are low for tomorrow. 5G appears to be accelerating its roll-out but it is tough to say what impact the Huawei ban will have. I assume that Cree will still be able to sell wafers to Infineon/On for 5G RF products but they will lose out on the possibility of direct sales.

Also, the auto sector has been very weak in China and that could have some impact on near-term demand for SiC power products but the timing of the future ramp of EV sales is the real question.

Regardless of the earnings tomorrow, the analyst meeting in September should be a key catalyst for the stock going forward.

Slacker

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From: slacker7118/20/2019 4:05:26 PM
   of 10121
 
Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2019
August 20, 2019

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) today announced revenue of $251.2 million for its fourth quarter of fiscal 2019, ended June 30, 2019. This represents a 5% decrease compared to revenue of $265.8 million reported for the fourth quarter of fiscal 2018, and an 8% decrease compared to the third quarter of fiscal 2019. GAAP net loss from continuing operations for the fourth quarter was $34.6 million, or $0.33 per diluted share, compared to GAAP net loss from continuing operations of $28.9 million, or $0.29 per diluted share, for the fourth quarter of fiscal 2018. On a non-GAAP basis, net income from continuing operations for the fourth quarter of fiscal 2019 was $11.5 million, or $0.11 per diluted share, compared to non-GAAP net income from continuing operations for the fourth quarter of fiscal 2018 of $14.5 million, or $0.14 per diluted share.

For fiscal year 2019, Cree reported revenue of $1.1 billion, which represents a 17% increase when compared to revenue of $0.9 billion for fiscal 2018. GAAP net loss from continuing operations was $57.9 million, or $0.56 per diluted share. This compares to a GAAP net loss from continuing operations of $16.4 million, or $0.17 per diluted share, for fiscal 2018. On a non-GAAP basis, net income from continuing operations for fiscal year 2019 was $76.9 million, or $0.74 per diluted share, compared to $36.9 million, or $0.37 per diluted share, for fiscal 2018.

“We are pleased with our performance in the quarter as non-GAAP earnings per share was within the top end of our updated range despite the challenging operating environment," stated Gregg Lowe, Cree CEO. "While the Huawei ban and softness in the LED market will continue to impact the sector in the short-term, our long-term outlook remains unchanged - there is a significant opportunity to help customers make the shift from silicon to silicon carbide solutions for their next generation applications.”

Business Outlook:

For its first quarter of fiscal 2020, Cree targets revenue from continuing operations in a range of $237 million to $243 million. GAAP net loss from continuing operations is targeted at $42 million to $46 million, or $0.39 to $0.43 per diluted share. Non-GAAP net loss from continuing operations is targeted to be in a range of $3 million to $7 million, or $0.03 to $0.07 per diluted share. Targeted non-GAAP loss from continuing operations excludes $39 million of estimated expenses, net of tax, related to stock-based compensation expense, the amortization or impairment of acquired intangibles, factory optimization restructuring and start-up costs, amortization of debt issuance costs and discount, and project and transaction costs. The GAAP and non-GAAP targets from continuing operations do not include any estimated change in the fair value of Cree’s Lextar investment.

Quarterly Conference Call:

Cree will host a conference call at 5:00 p.m. Eastern time today to review the highlights of the fourth quarter and fiscal year 2019 results and the fiscal first quarter 2020 business outlook, including significant factors and assumptions underlying the targets noted above.

The conference call will be available to the public through a live audio web broadcast via the Internet. For webcast details, visit Cree's website at investor.cree.com/events.cfm.

1

Supplemental financial information, including the non-GAAP reconciliation attached to this press release, is available on Cree's website at investor.cree.com/results.cfm.

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From: Ron8/20/2019 6:44:49 PM
   of 10121
 
CREE dips after hours after comments on Huawei and softness in LED market
seekingalpha.com

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To: Ron who wrote (9999)8/20/2019 8:08:52 PM
From: Bungalow Bill
   of 10121
 
Ouch....

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To: slacker711 who wrote (9998)8/21/2019 9:26:27 AM
From: slacker711
   of 10121
 
Cree transcript.

seekingalpha.com

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