Cree is losing its leadership in LED-based indoor lighting, LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices to Chinese based competitors and manufacturers. This is because the Chinese based LED manufacturers have figured out ways to come out with innovative and breakthrough performance thereby offering their customers with significant opportunities to reduce power consumption and operating expenses for their end-users. This definitely spells bad news for Cree who sees it market share shrink day by day and stands no chance to recover in the nearest future. CREE IS COMING UNDER $30 BY FRIDAY
Your either a moron or you shorted this stock and are trying to cover your losses buy driving it down with insanity. I do agree that going against cheap labor is going to be hard, but have you not seen the innovations coming from CREE? Personally, I think we're not giving enough credit to CREE's engineering and the future looks very bright!