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Cree Inc. at Morgan Keegan â€œSummer in the Cityâ€ Technology Conference Transcript

Published Aug 12, 2009

9 pages (5183 words) — Published Aug 12, 2009

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Abstract:

Edited Transcript of WOLF.N presentation 12-Aug-09 2:45pm GMT

Brief Excerpt:

...Guys, we're going to go ahead and get this started. This is the Cree presentation -- actually I'm mic'd up -- this is the Cree presentation, ticker is CREE. It so happens that they reported last night. Let me just, since we updated the numbers this conference, let me give you the new numbers. We're going to $0.84 non-GAAP on $687 million versus $0.64 we were at before. This is for June 2010 year, so pretty dramatic uptick. They had a great call, we're very fortunate, and I owe them a big thanks for coming in and making time for us right after the call. John Kurtzweil, CFO; Raiford Garrabrant, IR; turn it over to you guys. John Kurtzweil ...

Report Type:

Transcript

Source:

Thomson StreetEvents

Company:

Wolfspeed Inc (Pre-Reincorporation)

Ticker

WOLF.N

Time

2:45pm GMT

Format:

PDF

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: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Yes, let me reach out to the audience, see if there's anybody who wants to start off with a question. If not, then I've got a couple of them. Let me ask you, John, so I always believed that there would come a point when you've been sowing the seeds for a couple of quarters, a couple of years, there comes a point in time when this adoption starts to take off. Do you think we're here, or how far do you think we are, what is the total addressable market? Because it's all managed lighting. If you could just clarify that for us. REFINITIV STREETEVENTS \| www.refinitiv.com \| Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 12, 2009 / 2:45PM, WOLF.N - Cree Inc. at Morgan Keegan "Summer in the City" Technology Conference Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : So, correct me if I'm wrong, I think the LED market total is $3 billion-something, last count. Can you give us an idea of what your TAM or available market for lighting is? Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : And your progression of attack is commercial, then residential, correct me if I'm wrong. Could you maybe lay out your product map as you see it within Cree? Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : And just to clarify, that's a 60-watt lamp, right? Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : The equivalent? Is there, in your future do you see yourself making lamps that can be just replaced-- Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Yes, screw-in? Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Let me see if there's anyone that's interested in asking a question. Unidentified Audience Member (inaudible) How much do you anticipate the cost will go down, say, in the next three years -- each of the next three years -- in your manufacturing costs, and what you can deliver to customers? Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : I think we've got a minute left. Let me ask you one final question before we conclude this. In terms of competition, do you suspect that the Taiwanese manufacturers, the lower-cost guys, will be able to step up enough and be a threat to, for example, the lighting markets? Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Thanks, John. This, I think, concludes it and I particularly appreciate you guys coming after your earnings last night to our conference.

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: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Yes, let me reach out to the audience, see if there's anybody who wants to start off with a question. If not, then I've got a couple of them. Let me ask you, John, so I always believed that there would come a point when you've been sowing the seeds for a couple of quarters, a couple of years, there comes a point in time when this adoption starts to take off. Do you think we're here, or how far do you think we are, what is the total addressable market? Because it's all managed lighting. If you could just clarify that for us. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 12, 2009 / 2:45PM, WOLF.N - Cree Inc. at Morgan Keegan "Summer in the City" Technology Conference

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : So, correct me if I'm wrong, I think the LED market total is $3 billion-something, last count. Can you give us an idea of what your TAM or available market for lighting is?

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : And your progression of attack is commercial, then residential, correct me if I'm wrong. Could you maybe lay out your product map as you see it within Cree?

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : And just to clarify, that's a 60-watt lamp, right?

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : The equivalent? Is there, in your future do you see yourself making lamps that can be just replaced--

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Yes, screw-in?

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Let me see if there's anyone that's interested in asking a question. Unidentified Audience Member (inaudible) How much do you anticipate the cost will go down, say, in the next three years -- each of the next three years -- in your manufacturing costs, and what you can deliver to customers?

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : I think we've got a minute left. Let me ask you one final question before we conclude this. In terms of competition, do you suspect that the Taiwanese manufacturers, the lower-cost guys, will be able to step up enough and be a threat to, for example, the lighting markets?

Question: Harsh Kumar - Morgan Keegan & Co., Inc. - Analyst : Thanks, John. This, I think, concludes it and I particularly appreciate you guys coming after your earnings last night to our conference.

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MLA:	Thomson StreetEvents. "Cree Inc. at Morgan Keegan â€œSummer in the Cityâ€ Technology Conference Transcript" Aug 12, 2009. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Cree-Inc-at-Morgan-Keegan-Summer-in-the-City-Technology-Conference-T2371557>

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