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It needs to be made public that CREE's expectations for margins have not changed at all. They remain in low to mid 50's. Unlike what CNBC reported, there is no negative news on margins. Yes they will go down from the 58 level achieved this quarter, but that was a possitive upside surprise. All CREE said is that they won't necessarilly (but they may) reach that high level going forward. Instead they maintained their conservative guidence of low to mid 50's on margins. No warning or lowering of estimates. How you can turn a possitive upside surprise into a negative issue is beyond me. Yes, it will not neccessarily be maintained, but no one at all expected them to be at 58%, it was a surprise. Try emailing Fran and CREE and CNBC. The addresses are as follows

squawk@cnbc.com

fran_barsky@cree.com
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