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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.

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