Triquint to Buy Agere's Opto Business
News Update Markets & Business RFMD Cree announces record sales for LEDs jazzes up Cree, Inc. reported revenue of quarter of fiscal 2002. Net ability to exceed both our $48,811,000 for the first quar- income for the comparable revenue target and consensus silicon ter of fiscal 2003, which repre- year ago period was earnings estimates.We have sents a 29 percent increase, $6,460,000, or $0.09 per share. continued to experience capabilities sequentially, over the compa- LED shipments increased more increased demand for our LED ny's fourth quarter fiscal 2002 than 50 percent, sequentially, to products fueled by new design revenue of $37,800,000 and a record levels and average sales wins in a number of applica- RF Micro Devices, Inc.(RFMD) 13% increase over the compara- prices increased slightly over tions including cell phones. and Jazz Semiconductor, a pri- ble year ago period revenue of the fourth quarter of fiscal Our challenge has shifted to vately held, high-performance $43,166,000. Net income for 2002. managing our capacity expan- RF and mixed-signal silicon the first quarter was sion to fulfill increased cus- wafer foundry, today announced $3,883,000, or $0.05 per share, Chuck Swoboda, President and tomer demand requirements they have agreed to enter compared to a GAAP loss of Chief Executive Officer of Cree and we are targeting LED sales into a strategic relationship for $22,521,000, or $0.31 per stated, "We are extremely to be above record levels set in silicon manufacturing and share, reported for the fourth pleased with our results and the first quarter." development.
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