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It's interesting that ZaksDad called Cynthia Merrell's comments "the greatest part of the call".

And here's the rest of the story . . .

CREE was running full production 24/7 and they had just come off a year that saw close to 100% revenue increase. The call for 60% revenue growth, as a long time CREE follower, I suspected/knew to be conservative, but was piggybacked on full production capacity.

Yes, CREE was in the process of building new facilities, but those were not scheduled to come on line for almost a year.

Here was revenue guidance that was going to squeeze 60% more revenue out of already constrained facilities.

The end result of the call was that they were right, sort of, because they grew revenue at 80% YOY and 14% sequentially. 14% sequential growth quarter after quarter is a 69% annual growth rate. Pretty close to right on their target, and all still from constrained production facilities!

Yes, I did think it was the greatest part of the call!


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