at CNBC.com (Tue, 5:06PM)
Cree (CREE +2.1%) is higher on a day when Siemens (SI) announced it plans to cut 4,700 jobs at...
Cree (CREE +2.1%) is higher on a day when Siemens (SI) announced it plans to cut 4,700 jobs at its Osram lighting unit, which competes with Cree in LED lighting, ahead of a spinoff. Though many of the cuts involve factories making traditional lighting products, a Reuters column noted Osram could try to boost profitability by procuring LED chips from third-parties. If Osram went in that direction, Cree would be a potential supplier. LED equipment firms Veeco (VECO -3.7%) and GT Advanced (GTAT -2.6%) are off today.
From other sites
at Investor's Business Daily (Jan 16, 2015)
at Nasdaq.com (Jan 16, 2015)
at Benzinga.com (Jan 14, 2015)
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