After falling AH yesterday due to weak FQ2 results and FQ3 guidance, beaten-down Cree (CREE...

|By:, SA News Editor

After falling AH yesterday due to weak FQ2 results and FQ3 guidance, beaten-down Cree (CREE +1.7%) has turned positive in early trading. Possibly helping are bullish comments from Canaccord; the firm sees the LED industry's excess supply being absorbed this year by growing backlighting demand, and growth returning next year thanks to lighting demand. LEDS +3%. RBCN +2.2%. (transcript)