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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.

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Category:Electronics and Electrical

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