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Soes anyone have an explanation to this drop in price?
They missed by a penny (15 not 16c - 7% miss) but revs where a bit better than expected. Is the drop overdone or what am I missing?

Fool on,
Efti
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Here are some positive infos:
http://boards.fool.com/Message.asp?mid=19391428
On the cree board are also some explanations for the drop. It looks resonable but also an opportunity. :-)
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And here is a good, realistic review of it.
http://boards.fool.com/Message.asp?mid=19392275

Do your own DD. :-)
Efti
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Cree's PE is too high-- look at mry, prcp, sstr, win, look, stg, axm, acai, mton -- all good values with potential to boom. This is not meant as investment advice.
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