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Thread: Cree is out of the ligthing business

  1. #1
    Flashaholic* Calina's Avatar
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    Popcorn Cree is out of the ligthing business

    Cree sold its lighting division to Ideal

    « CREE stock was soaring today on news that Cree
    is selling its Lighting Products business unit. »

    « The deal has Cree selling its Lighting Products business to Ideal Industries
    for up to $310 million. »

    https://finance.yahoo.com/news/why-cree-stock-surging-today-174244428.html
    Health is merely the slowest possible rate at which one can die.

  2. #2
    Flashaholic*
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    Default Re: Cree is out of the ligthing business

    This is the fixtures business for the most part. They will still be making LEDs

  3. #3
    Flashaholic wosser's Avatar
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    Default Re: Cree is out of the ligthing business

    Quote Originally Posted by staticx57 View Post
    This is the fixtures business for the most part. They will still be making LEDs
    That was my thought too. Somewhat paradoxical to think that they are selling their lighting division to concentrate more on making light. But life is funny like that.
    17 is 11, 11 is 6, 6 is 3 and 3 is none. Also it's good to have some backups.

  4. #4

    Default Re: Cree is out of the ligthing business

    Quote Originally Posted by wosser View Post
    That was my thought too. Somewhat paradoxical to think that they are selling their lighting division to concentrate more on making light. But life is funny like that.
    Their market share in LED has been declining and did not show any signs of getting better. Their technology is good, but too expensive, and small LEDs and COBs are dominating the volume of the market, leavings Cree's specialty area a steady or declining space as you have less and less relative money to compete with. Their investment in Lextar was basically an admission of this.

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