Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference Transcript - Thomson StreetEvents

Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference Transcript

Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference Transcript - Thomson StreetEvents
Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference Transcript
Published May 19, 2009
11 pages (6566 words) — Published May 19, 2009
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of WOLF.N presentation 19-May-09 12:40pm GMT

  
Brief Excerpt:

...Hello, everyone. Good morning and welcome to the Cree fireside chat. My name is [Venk Nathamuni] and I am in the semiconductor research team at JPMorgan. We are happy to have with us John Kurtzweil, Executive Vice President and Chief Financial Officer of Cree. Cree, as most of you know, is a market leader in LED lighting and one of the world's premier suppliers of LED chips, LED components, and systems. Their products are incorporative in markets including industrial lighting, automotive, and consumer among others. The format for today's chat will be an initial set of remarks by John followed by a set of questions from me. And then I will also turn it over to the audience to have you ask some questions from John. So with that let me turn it over to John. John Kurtzweil ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Wolfspeed Inc (Pre-Reincorporation)
Ticker
WOLF.N
Time
12:40pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Venk Nathamuni - JPMorgan - Analyst : Thanks, John. Now let me start off by talking about some of the growth initiatives that you just alluded to. Given the opportunities out there, what do you think is the long-term growth opportunity for Cree and how do you get there?

Question: Venk Nathamuni - JPMorgan - Analyst : So talking about the recession, is this a catalyst for people to spend money and save on costs, lighting costs, or is it more of an impediment for you to continue to grow in this market? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 19, 2009 / 12:40PM, WOLF.N - Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference

Question: Venk Nathamuni - JPMorgan - Analyst : So talking about growth, can we do a bit of a deep dive into some of the specific end markets that you have? You talked about industrial lighting and consumer, and automotive is another area for growth. So when you look at the various end markets what do you see as the relative strengths and the relative opportunities that you have in each of the end markets?

Question: Venk Nathamuni - JPMorgan - Analyst : So talking about the tough recessionary environment, I know you can't comment on your specific quarter performance but can you talk about order visibility? Has it improved, worsened, or has it stayed the same since you reported a few weeks back?

Question: Venk Nathamuni - JPMorgan - Analyst : So I am going to switch gears slightly to talk about your profitability starting with the gross margins. What do you think is your long-term gross margin model? And I know you did approximately 37% in gross margins in the previous quarter. What do you think is the opportunity for you to increase your gross margins in the long run?

Question: Venk Nathamuni - JPMorgan - Analyst : Great. Another component of gross margin, of course, is pricing. Can you comment on the pricing environment out there, both components and chips?

Question: Venk Nathamuni - JPMorgan - Analyst : Okay. Also can you talk about the conversion to 4-inch wafers, because that also helps you improve gross margins in the long run?

Question: Venk Nathamuni - JPMorgan - Analyst : Okay. I want to turn it over to the audience to see if they have any questions before I go through my list here. QUESTIONS AND ANSWERS Unidentified Audience Member Two questions. You mentioned LED backlighting for notebook and TV. Do you participate in marketing LED chips or LED components?

Question: Venk Nathamuni - JPMorgan - Analyst : Could you repeat the question for the Web audience?

Question: Venk Nathamuni - JPMorgan - Analyst : John, we just have time for one more question. Unidentified Audience Member (inaudible question - microphone inaccessible)

Question: Venk Nathamuni - JPMorgan - Analyst : Okay, great. Thank you very much. That is all of the time we have. Thanks a lot, John.

Table Of Contents

Cree Inc. Q1 2010 Earnings Conference Call Summary – 2009-10-20 – US$ 54.00 – Edited Brief of WOLF.N earnings conference call or presentation 20-Oct-09 9:00pm GMT

Cree Inc. at Morgan Keegan “Summer in the City” Technology Conference Transcript – 2009-08-12 – US$ 54.00 – Edited Transcript of WOLF.N presentation 12-Aug-09 2:45pm GMT

Cree Inc. Q4 2009 Earnings Conference Call Summary – 2009-08-11 – US$ 54.00 – Edited Brief of WOLF.N earnings conference call or presentation 11-Aug-09 9:00pm GMT

Cree Inc. Q4 2009 Earnings Conference Call Transcript – 2009-08-11 – US$ 54.00 – Edited Transcript of WOLF.N earnings conference call or presentation 11-Aug-09 9:00pm GMT

Cree Inc. at Cowen and Company Technology Media & Telecom Conference Transcript – 2009-05-27 – US$ 54.00 – Edited Transcript of WOLF.N presentation 27-May-09 8:55pm GMT

Cree Inc. Q1 2009 Earnings Conference Call Summary – 2008-10-21 – US$ 54.00 – Edited Brief of WOLF.N earnings conference call or presentation 21-Oct-08 9:00pm GMT

Cree Inc. Q1 2009 Earnings Conference Call Transcript – 2008-10-21 – US$ 54.00 – Edited Transcript of WOLF.N earnings conference call or presentation 21-Oct-08 9:00pm GMT

Cree Inc. at Deutsche Bank Securities Technology Conference Transcript – 2008-09-09 – US$ 54.00 – Edited Transcript of WOLF.N presentation 9-Sep-08 10:40pm GMT

Cree Inc. at Morgan Keegan Equity Conference Transcript – 2008-09-05 – US$ 54.00 – Edited Transcript of WOLF.N presentation 5-Sep-08 3:05pm GMT

Cree Inc. at Kaufman Brothers Investor Conference Transcript – 2008-09-03 – US$ 54.00 – Edited Transcript of WOLF.N presentation 3-Sep-08 5:30pm GMT

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MLA:
Thomson StreetEvents. "Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference Transcript" May 19, 2009. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Cree-Inc-at-JPMorgan-Global-Technology-Media-and-Telecom-Conference-T2224150>
  
APA:
Thomson StreetEvents. (2009). Cree Inc. at JPMorgan Global Technology, Media and Telecom Conference Transcript May 19, 2009. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Cree-Inc-at-JPMorgan-Global-Technology-Media-and-Telecom-Conference-T2224150>
  
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