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Stock Market & Financial Investment News

News Breaks
February 29, 2012
08:57 EDTVECO, AIXG, CREEChina formally launches LED lighting subsidy, says Piper Jaffray
Piper Jaffray notes China last night announced its 2012 Tender for LED lighting subsidies, with an expected deadline of March 20 for bidders. Piper views positively that the tender announcement includes LED outdoor lighting applications along with subsidies for indoor lighting. Piper sees China's announcement as a positive catalyst for the overall LED industry, and specifically for lighting companies with exposure to China, like Cree (CREE).
News For CREE;AIXG;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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