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Technical Research on Cree and United Microelectronics: Improving Global Economy a Good Sign



   Technical Research on Cree and United Microelectronics: Improving Global
                             Economy a Good Sign

  PR Newswire

  LONDON, January 28, 2013

LONDON, January 28, 2013 /PRNewswire/ --

Last year was a tough one for the global semiconductor equipment industry due
to weak economic environment. However, things are expected to improve in 2013
as the global economy shows signs of recovery. This augurs well for companies
such as Cree Inc. (NASDAQ: CREE) and Taiwan-based United Microelectronics
Corp. (NYSE: UMC). StockCall analysts have reviewed these companies and the
technical analysis is currently available for free upon sign up at
http://www.stockcall.com/registration

Semiconductor Equipment Sales Expected to Moderate

SEMI®, a global industry association serving the manufacturing supply chain
for the micro-and nano-electronics industries, last month forecast that sales
of new semiconductor manufacturing equipment will reach $38.2 billion in 2012.
The industry association noted that after a multi-year expansion period,
semiconductor equipment sales are forecast to moderate before seeing low
double-digit growth in 2014.

SEMI expects the equipment market to contract 12.2% in 2012, with growth
expected in only Taiwan and South Korea. China, Taiwan and Japan are expected
to have a slight to moderate growth in 2013, according to the industry
association. However, overall sales are expected to fall 2.1%. Sales are
expected to rebound in 2014.

One of the reasons for the reduction in sales of semiconductor equipment last
year was the weakness in the global economy. However, the global economic
outlook is improving and this should benefit the semiconductor industry.

Cree Reports Strong Q2 Results

Earlier last week, Cree Inc., which is a market-leading innovator of lighting
class LEDs, LED lighting, and semiconductor products for power and radio
frequency (RF) applications, reported strong results for its second quarter of
fiscal 2013. Download the free technical analysis on Cree at
http://www.StockCall.com/CREE012813.pdf

The Durham, North Carolina-based company reported a 14% increase in its second
quarter revenue to $346.3 million. Chuck Swoboda, the company's Chairman and
CEO said that fiscal second quarter was another strong quarter with record
revenue and earnings per share that were higher than the company's target
range due to stronger sales in both LEDs and Lighting combined with improved
gross margins.

Cree reported second quarter net income of $20.4 million, or $0.18 per share,
up 69% over the same period in the previous year. On a non-GAAP basis, the
company reported net income of $36.9 million, or $0.32 per share, compared to
$28.7 million, or $0.25 per share.

Mr. Swoboda noted that overall company backlog is in-line with seasonal trends
for the fiscal third quarter and longer-term, the company remains focused on
driving adoption through innovation, and with its broad understanding of the
technology levers from materials through systems, it sees opportunities to
move the market even faster than what has been experienced to date.

Looking ahead to the fiscal third quarter, Cree expects revenue to be between
$325 million and $345 million. The company forecasts non-GAAP net income for
the quarter to be between $35 million and $41 million.

United Microelectronics Reports Drop in December Sales

Earlier this month, United Microelectronics, which operates as a semiconductor
wafer foundry, reported its sales results for the month of December. The
Taiwan-based company reported a 3.8% drop in its December sales. The company's
sales stood at T$7.8 billion ($269 million) in December. In November, the
company had reported sales of T$9 billion. Sign up today and download the full
report on United Microelectronics at http://www.StockCall.com/UMC012813.pdf

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