LED lighting juggernaut Cree Inc., Durham, N.C., got some love for results for the quarter ended Dec. 29, 2013. The company posted revenues of $415 million for the quarter, a 20% year-over-year increase, and net income growth compared with the same quarter a year ago rose by 89.2% from $16.12 million to $30.50 million. The stock market cheered the news in the numbers, bidding up shares by 7.5% to $67.59.
Cree splits out sales from its LED products (components, chips and related materi
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