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Profile - Cree, Inc. (NasdaqNM:CREE)
As of 31-Aug-2001
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Location
4600 Silicon Drive
Durham, NC 27703
Phone: (919) 313-5300
Fax: (919) 313-5452
Email: fran_barsky@cree.com
Employees (last reported count): 970
Financial Links
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 ·Top Mutual Fund Holders
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 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Semiconductors
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Ownership
·Insider and 5%+ Owners: 10%
·Over the last 6 months:
 · 10 insider sells; 148.0K shares
  (2.0% of insider shares)
·Institutional: 61% (68% of float)
(351 institutions)
·Net Inst. Buying: 6.10M shares (+12.03%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Cree Inc. was established to commercialize silicon carbide, or SiC, semiconductor wafers and devices. Today, the Company is the world leader in developing and manufacturing compound semiconductor materials and electronic devices made from SiC. SiC-based devices offer significant advantages over competing products made from silicon, gallium arsenide, sapphire and other materials for certain electronic applications. The Company uses its compound semiconductor technology to make enabling products such as blue and green light emitting diodes, or LEDs. The Company sells its LEDs to customers who package them for use in applications such as backlighting for automotive dashboards and automotive interior lighting, wireless handsets and other consumer products. Other applications for its LEDs include indoor and outdoor full color displays, such as video boards in indoor arenas and outdoor stadiums or billboards and message signs.
More from Market Guide: Expanded Business Description

Financial Summary
Cree, Inc. develops, manufactures, and markets silicon carbide-based semiconductor materials and electronic devices. For the fiscal year ended 6/24/01, total revenues increased 63% to $177.2 million. Net income fell 9% to $27.8 million. Revenues reflect the introduction of new ultra bright light emitting diode devices and the penetration of new markets. Earnings were offset by $4.5 million of amortization costs and a $17.4 million in-process R&D expense.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

F. Neal Hunter, 38
Chairman and CEO
$368K$7.5M
Charles Swoboda, 33
Pres and COO
311K3.1M
Cynthia Merrell, 38
CFO and Treasurer
184K578K
Calvin Carter, Jr., Ph.D., 45
Exec. Vice Pres, Director of Materials Technology
182K5.3M
M. Todd Tucker
Exec. VP, Operations
--  --  
Dollar amounts are as of 25-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:CREEAs of 31-Aug-2001
Price and Volume
52-Week Low
on 4-Apr-2001
$12.21 
Recent Price$20.97 
52-Week High
on 1-Sep-2000
$69.688
Beta2.47 
Daily Volume (3-month avg)1.46M
Daily Volume (10-day avg)1.25M
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-68.0%
52-Week Change
relative to S&P500
-57.0%
Share-Related Items
Market Capitalization$1.53B
Shares Outstanding72.9M
Float65.6M
Dividends & Splits
Annual Dividendnone 
Last Split: 2 for 1 on 11-Dec-2000
Per-Share Data
Book Value (mrq*)$8.08 
Earnings (ttm)$0.37 
Earnings (mrq)$0.09 
Sales (ttm)$2.36 
Cash (mrq*)$2.86 
Valuation Ratios
Price/Book (mrq*)2.60 
Price/Earnings (ttm)56.98 
Price/Sales (ttm)8.87 
Income Statements
Sales (ttm)$177.2M
EBITDA (ttm*)$39.0M
Income available to common (ttm)$27.8M
Profitability
Profit Margin (ttm)15.7%
Operating Margin (ttm)19.4%
Fiscal Year
Fiscal Year EndsJune 24
Most recent quarter
(fully updated)
24-June-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)5.08%
Return on Equity (ttm)5.38%
Financial Strength
Current Ratio (mrq*)12.23 
Debt/Equity (mrq*)0 
Total Cash (mrq)$208.2M
Short Interest
As of 8-Aug-2001
Shares Short8.20M
Percent of Float12.5%
Shares Short
(Prior Month)
7.22M
Short Ratio6.35 
Daily Volume1.29M
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 24-June-2001)

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