DURHAM - CREE REVENUES RISE - PROFITS DECLINE
Durham, North Carolina. Components For General Purpose Lighting Expand Cree Sales. Cree is the LED lighting company that I have talked about several times. While earnings declined they had a substantial increase in sales of components used for general purpose lighting. While the production of light-emitting diodes reamins an important part of their business the ability to produce products that save energy is becoming more and more important to the company and certainly more important to the end users. LEDs are more expensive than fluorescent and incandescent lights but prices are coming down as their markets widen and the technology improves.
Cary, North Carolina - SIEMENS BUYS MACGREGOR PARK BUILDING. The 30,000 Square Foot Building Brings $4.1 Million. The building, at 211 Gregson Drive, is part of Siemens plan to add 300 jobs in the area during the next five years. Siemens is a German electronics company. Their medical solutions unit makes patient-monitoring systems and medical gear. That unit is where the job growth will occur.
John Fish (919) 696-3474 Email: Marvmax@mindspring.com Website: www.JohnFish.com
