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Stock Market & Financial Investment News

News Breaks
January 18, 2013
06:10 EDTCREE, LEDS, AIXG, VECOToshiba Lightech: LED lighting CAGR to reach 31% this decade, DigiTimes says
Toshiba Lightech says that the global LED lighting CAGR from 2010-2020 is expected to reach 31% while its Japan LED lighting market is expected to account for 40% of the global market, reports DigiTimes. The company cites rapid decreases in price and market growth in Europe, the U.S. and China. Reference Link
News For CREE;AIXG;LEDS;VECO From The Last 14 Days
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May 21, 2015
09:58 EDTCREEOn The Fly: Analyst Upgrade Summary
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07:23 EDTCREE, CREECree upgraded to Underperform from Sell at CLSA
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May 18, 2015
13:41 EDTCREECree sees Franco Plastina becoming CEO of Power and RF business post-IPO
In a regulatory filing earlier, Cree reported that on May 5, its board of directors appointed Franco Plastina as the company’s interim EVP, Power & RF, effective June 8. The company additionally noted that it expects Plastina to serve as CEO of Cree Power & RF Division upon the completion of its previously announced initial public offering. Plastina is presently a member of the company’s board, on which he has served since December 2007. Since May 2012, Plastina has served as president and founder of Arc & Company, an advisory and angel investment firm.
08:35 EDTCREECree submits registration statement for IPO of Power and RF Business
Cree announced that Cree’s wholly owned Power and RF subsidiary has submitted a draft registration statement on a confidential basis to the SEC for a potential initial public offering of the subsidiary’s class A common stock. The type and number of shares of stock to be sold and the price range for the proposed initial public offering has not yet been determined, although Cree intends to remain the majority stockholder of the subsidiary post offering. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions. The Power and RF subsidiary is raising capital to invest directly in the business to support targeted future growth. The offering would enable Cree management to focus on Cree’s LED and Lighting businesses, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree shareholders to better realize the full value of both businesses, the company said.
07:27 EDTCREEJPMorgan to hold a conference
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May 13, 2015
09:36 EDTVECOVeeco management to meet with Needham
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May 12, 2015
10:01 EDTVECOOn The Fly: Analyst Initiation Summary
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07:05 EDTVECOVeeco initiated with a Buy at Benchmark Co.
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May 11, 2015
09:57 EDTCREECree calls active on renewed takeover chatter
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09:48 EDTCREERumor: Cree active on renewed takeover chatter
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