| 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 |
| | | | FY2000
Compensation | | Pay | Exer | |
| F. Neal Hunter, 38 Chairman
and CEO | $368K | $7.5M | Charles Swoboda, 33 Pres
and COO | 311K | 3.1M | Cynthia Merrell, 38 CFO
and Treasurer | 184K | 578K | Calvin Carter, Jr., Ph.D., 45 Exec.
Vice Pres, Director of Materials Technology | 182K | 5.3M | 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
|
|