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Technology Stocks : Cree Inc. -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (9846)7/29/2018 10:35:57 AM
From: Lou Weed1 Recommendation

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  Read Replies (1) | Respond to of 10477
Hi Slacker - Power Int took a large bath on their investment in a company called Semisouth a few years back. Semisouth were the wrong horse to back. The CEO of PI (Balu) is a very smart guy and knows this industry very well. My guess is he took a bet too soon and on the wrong horse....but hey - poop happens.

We are on the cusp of the breakout of the first major adopter of SiC device tech - EV charging stations. The price point is there to take advantage of the value add the technology presents. Cree (Wolfspeed) have the best devices. Reason I believe that is because Infineon were willing to pay a $850M price tag to get their hands on it :-)