The Motley Fool Discussion Boards

Previous Page

Stocks C / Cree Inc.


Subject:  Re: CNBC errors !!! Date:  10/13/2000  9:45 AM
Author:  ZaksDad Number:  4259 of 41739

Fortunate or not, what is stated in the post on Yahoo! is essentially correct.

When asked about gross margins, Cynthia Merrill stated that while they were 55% this quarter just ended, she was not changing her guidance for analyst modeling and advised them that they should continue to use the low to mid 50% guidance for gross margins.

While I suspect that CREE is simply being conservative because they do not know what the effect of the new Ultra-Brite LEDs is going to have on ASP, the statement by CNBC is essentially straight from the conference call.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us