Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

UBS Warburg Downgrades Cree to 'Reduce'

UBS Warburg downgraded Cree (CREE) to reduce.

Analyst Alex Gauna says he has concerns that Cree's current valuation does not reflect the risk/reward inherent to the company's market position. Guana says Cree is in the midst of two sequential quarters of growth deceleration as it moves through the sweet spot of the holiday build cycle for handsets, and into a seasonally soft March quarter. He says risk factors that could negatively impact the company's valuation over the next six months include next-generation handsets experiencing a lower seasonal sell through, excessive Asian LED capacity to come on line, yield issues as Cree produces its more complex X-Bright technology. Guana is keeping his 26-cent fiscal 2003 (June) earnings per share estimate.

blog comments powered by Disqus