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Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:08 EDTCREECree implied volatility of 30 at lower end of index mean range
News For CREE From The Last 14 Days
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February 25, 2015
06:01 EDTCREEGlobal LED lighting demand in 2015 valued at $30B, DigiTimes Research reports
The global LED lighting market value in 2015 is estimated to increase 24.8% to $29.91B, reports DigiTimes Research. There will be approximately 1.81B LED light bulbs shipped globally in 2015 and global LED light tube shipments will reach 520M units. Reference Link
February 12, 2015
14:02 EDTCREEU.S. ITC opens investigation into infringement of Cree LED lighting patents
Cree announced that the U.S. International Trade Commission has agreed to open an investigation into unfair trade practices by Feit Electric Company and its Asian supplier, Unity Opto Technology Co., Ltd. The investigation includes allegations of infringement of 8 Cree patents related to LED lighting and Feit’s false and misleading advertising claims, including that certain of its products meet ENERGY STAR specifications. The decision to open an investigation comes after Cree filed a complaint on January 12, 2015, requesting an investigation by the ITC. "We’re pleased with the ITC’s decision to open an investigation into this matter,” said Chuck Swoboda, Cree Chairman and CEO. “With nearly $1B investment in developing the fundamental technology that underlies LED lighting adoption, it is our obligation to protect our intellectual property. Through their actions, Feit and Unity Opto are enjoying an unfair advantage in the market and discouraging the development of new products that benefit consumers.”

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