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Cree Stock Falls After Announced LED Business Restructuring

2015-06-25 16:43:38| Semiconductors - Topix.net

Cree said it will restructure its LED Products business to "reduce excess capacity and overhead to improve the cost structure moving forward," in response to recent LED market trends leading to higher price erosion than it expected. The company will also increase its LED reserves to reflect the more aggressive pricing environment in the current quarter and to factor in a more conservative price outlook for fiscal 2016.

Tags: business stock led falls

 

Cree announces major LED restructuring plan

2015-06-25 02:19:58| Semiconductors - Topix.net

Durham LED maker Cree announced Wednesday that it is restructuring its LED products business - the unit that creates LEDs for everything from televisions to mobile phones. Via a company statement, Cree blames LED market trends that have resulted in "higher LED average selling price erosion" than what had been predicted, as well as "the continued under-utilization of Cree's LED factory."

Tags: plan major led announces

 
 

Cree Recalls LED T8 Lamps Due to Burn Hazard

2015-06-10 16:39:00| Electrical Construction & Maintenance

The Consumer Product Safety Commission (CPSC) and Cree Inc. announced the recall of 700,000 LED T8 lamps due to electrical arcing that may cause the lamp to overheat and melt, posing a burn hazard for users. read more

Tags: due led burn hazard

 

Will Cree Recall Of LED Lights Make Consumers Wary?

2015-06-06 19:16:19| Electronics - Topix.net

The North Carolina-based lighting manufacturer said the problem with the T8 LEDs stems from electrical resistance between a spring contact and the printed circuit board. The resistance can lead to electrical arcing, which can cause the light to overheat and melt, posing fire and burn hazards.

Tags: make led lights consumers

 

Will Cree Recall Of LED Lights Make Consumers Wary?

2015-06-06 11:21:00| Semiconductors - Topix.net

The North Carolina-based lighting manufacturer said the problem with the T8 LEDs stems from electrical resistance between a spring contact and the printed circuit board. The resistance can lead to electrical arcing, which can cause the light to overheat and melt, posing fire and burn hazards.

Tags: make led lights consumers

 

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