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Cree's (CREE -5.9%) FQ3 miss and soft FQ4 guidance is unsurprisingly bringing down other LED...

Cree's (CREE -5.9%) FQ3 miss and soft FQ4 guidance is unsurprisingly bringing down other LED industry firms. RBCN -3.3%. LEDS -1.8%. AIXG -2.6%. ThinkEquity has responded to the news by downgrading Cree to Hold. Staying bullish is Oppenheimer, which thinks sales disruptions caused by the Rund acquisition are causing short-term problems. Needham and Jefferies expect Cree's margins to expand as business recovers. (transcript)
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