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You have to adjust for the acquisition of Nitres. The merger was accounted for using Pooling of Interests, historical financial data has to be restated to incorporate the merger. Of course, that doesn't mean they have to restate the numbers all at once. Cree is restating FY00's numbers as they report the FY01 numbers. Nitres was a really small company compared to Cree so there shouldn't be much of a difference in the top and bottom line figures.

Go with the most recent numbers, I'll post my spreadsheet later to compare notes.

Marv
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