Cree is out of the ligthing business

Calina · Mar 17, 2019

Cree sold its lighting division to Ideal

« CREE stock was soaring today on news that Cree

is selling its Lighting Products business unit. »

« The deal has Cree selling its Lighting Products business to Ideal Industries

for up to $310 million. »

https://finance.yahoo.com/news/why-cree-stock-surging-today-174244428.html

staticx57 · Mar 21, 2019

This is the fixtures business for the most part. They will still be making LEDs

wosser · Mar 24, 2019

staticx57 said:
This is the fixtures business for the most part. They will still be making LEDs

That was my thought too. Somewhat paradoxical to think that they are selling their lighting division to concentrate more on making light. But life is funny like that.

MeMeMe · Mar 24, 2019

wosser said:
That was my thought too. Somewhat paradoxical to think that they are selling their lighting division to concentrate more on making light. But life is funny like that.

Their market share in LED has been declining and did not show any signs of getting better. Their technology is good, but too expensive, and small LEDs and COBs are dominating the volume of the market, leavings Cree's specialty area a steady or declining space as you have less and less relative money to compete with. Their investment in Lextar was basically an admission of this.

Cree is out of the ligthing business

Calina

Enlightened

staticx57

Flashlight Enthusiast

wosser

Newly Enlightened

MeMeMe

Banned

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