Cree reports solid sales increases in fiscal fourth quarter

Cree, Inc., Durham, N.C., had record revenue of $148.1 million for its fourth quarter of fiscal 2009, ended June 28. This represents a nine percent increase compared to revenue of $135.9 million reported for the fourth fiscal quarter last year and a 13 percent increase compared to the fiscal third quarter of 2009. For fiscal year 2009, Cree reported revenue of $567.3 million, which represents a 15 percent increase compared to revenue of $493.3 million for fiscal 2008.

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