Cree, Inc. (CREE) Is The Best Pure Play in the LED Lighting Space: Oppenheimer

Shares of Cree, Inc. (CREE) gapped open sharply higher Thursday morning after Oppenheimer’s Andrew Uerkwitz upgraded the LED light products maker to ‘Outperform’ from ‘Perform’, citing the company’s ample cash hoard – $1.22 billion/mrq, vertically integrated business model, and best-in-breed technology. Uerkwitz, who also said Cree is the best pure play in the LED lighting […] View the full post at: Cree, Inc. (CREE) Is The Best Pure Play in the LED Lighting Space: Oppenheimer Related posts: Citigroup Increasingly Frustrated With Treasury’s Indecision to Sell Stake PetSmart Not Threatened by Walmart Research In Motion Q2’08 Earnings Report