CREE forced to restructure

CREE forced to restructure

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 Swoboda said “the older-generation bulbs have declined in sales faster than the company had anticipated” , according to the Raleigh News & Observer.

According to Green Tech media ” Cree is restructuring because of low prices and an under-utilization of its LED factories. Cree declined to be interviewed about the restructuring, but it did issue a statement. ”

Green Tech Media on Cree

Wall Street’s latest on CREE stock

Cree statement

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