Cree's Prospects Look Dim

Competition is heating up in the light-emitting diode (LED) business, and it could be lights out for Cree (CREE). It seems that all the major LED makers are getting aggressive about taking market share, and Cree could be in the crosshairs.

Specifically, I keep hearing about competitive pressure coming from Koninklijke Philips (PHG). Philips is undergoing a major worldwide restructuring, and all divisions are getting serious about growth. Philips has laid off more than 3,700 employees year to date and has managed to increase earnings five quarters in a row....280 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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