Recent Events Feb 16 Price hit new 52-week high ($198.00) Location 4600 Silicon Drive Durham, NC 27703 Phone: (919) 313-5300 Fax: (919) 313-5452 Email: fran_barsky@cree.com Employees as of 6/99: 390 Financial Links  ·Top Institutional Holders  ·Top Mutual Fund Holders  ·Analyst Upgrade/Downgrade History  ·Historical Quote Data  ·Journal Archive  ·Raw SEC Filings at sec.gov Competitors:  ·Sector: Technology  ·Industry: Semiconductors Company Website  ·Home Page  ·Search Yahoo! for related links... Ownership · Insider: 24% · Over the last 6 months:  · 11 insider sells; 256.0K shares   (3.1% of insider shares) · Institutional: 55% (73% of float) (190 institutions) · Net Inst. Buying: 795.0K shares (+4.18%) (prior quarter to latest quarter) More From Market Guide  ·Highlights  ·Performance  ·Ratio Comparisons

Business Summary Cree, Inc., formally Cree Research, Inc., was established to commercialize silicon carbide, or SiC, semiconductor wafers and devices. Currently, the Company develops and manufactures semiconductor materials and electronic device made from SiC and other wide bandgap compound semiconductor products. Using its proprietary compound semiconductor technology, Cree produces light emitting diodes, or LEDs, for use in automotive and liquid crystal display, or LCD, backlighting, indicator lamps, full color LED displays and other lighting applications. The Company also manufactures SiC crystals used in the production of unique gemstone products and SiC wafers sold for research directed to optoelectronics, microwave and power applications. SiC-based compound semiconductor devices offer significant advantages over competing products based on silicon, gallium arsenide or GaAs and other materials for certain electronic applications. Financial Summary Cree, Inc. develops, manufactures, and markets silicon carbide-based semiconductor devices. For the 26 weeks ended 12/26/99, total revenues increased 67% to $44 million. Net income totalled $10.4 million, up from $5.2 million. Revenues reflect increased sales volume of light emitting diodes and high brightness chips. Earnings also benefitted from higher interest income and increased margins due to the increases in LED sales volumes and average sales price per chip. Officers [Insider Trade Data] FY1999 Compensation Pay Exer F. Hunter, 37 Chairman and CEO $193K $2.1M Charles Swoboda, 32 Pres and COO 207K 305K Cynthia Merrell, 38 CFO and Treasurer 138K --   Calvin Carter, Jr., Ph.D., 44 Director of Materials Technology, and Exec. VP 140K 1.4M Dollar amounts are as of 27-June-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.