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Stock Market & Financial Investment News

News Breaks
January 29, 2014
06:46 EDTCREE, API, LEDSHigh power LEDs to be in 50% of lighting shipments by 2017, DigiTimes says
Revenue for LEDs in lighting applications are expected to hvae a CAGR of 30% and reach a total value of $13B by 2017, reports Digitimes, citing Strategies Unlimited. Reference Link
News For CREE;LEDS;API 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 14, 2015
07:43 EDTAPIB. Riley to hold a conference
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