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No. of Recommendations: 1
Jason, before you take the analyst estimates as remotely useful, look at the long-term expected growth set out on the following companies:

Qualcomm (CDMA handset growth around 100%) - 35%
JDS Uniphase (expect at least 110% sales growth this year) - 45%
QLogic (75% sales growth and accelerating) - 30.5%
Brocade - (300%+ sales growth last quarter) - 44.5%
Network Appliance - (100% sales growth and accelerating) - 47.5%

I could go on and on. The point is that long-term growth estimates on the part of analysts, like quarterly estimates, are inentionally kept obscenely low; and considering that the market for Cree's LEDs runs well into the billions, and that LED sales growth is 105% and rapidly accelerating, I'd say this is the case with your 42.5% number as well.

Eric
http://www.tsrec.com
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