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Thursday, August 30, 2012
Top 3 posts for you on Google+ this week
Tuesday, August 28, 2012
Gently Led
Gently Led |
Posted: 27 Aug 2012 11:59 AM PDT Her name was Rebecca and I have been given the honor of sharing a part of her story over here. Please join me as Rachel Held Evans hosts a week of essays honoring valor in the hearts and lives of women. I'm thankful to be a part of honoring the courage of amazing sisters. Come join us! Eshet chayil! |
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Wednesday, August 22, 2012
Gently Led
Gently Led |
Posted: 22 Aug 2012 05:34 AM PDT The transience is pressing in today. We walk alongside others in this international existence knowing change is just around the next corner. But despite the coming and the going a community is formed, through shared experience and treasured moments. A community that does hold. My thoughts this morning are with friends who are hurting many miles from where I sit. My heart turns to these and |
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Thursday, August 16, 2012
Top 3 posts for you on Google+ this week
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Saturday, August 11, 2012
ElectroniCast LED Lighting Daily Gaggle
ElectroniCast LED Lighting Daily Gaggle |
Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2012 Posted: 10 Aug 2012 08:33 AM PDT DURHAM, N.C., August 7, 2012 - Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $306.8 million for its fourth quarter of fiscal 2012, ended June 24, 2012. This represents a 26% increase compared to revenue of $243.0 million reported for the fourth quarter of fiscal 2011 and an 8% increase compared to the third quarter of fiscal 2012. GAAP net income for the fourth quarter was $10.0 million, or $0.09 per diluted share, a decrease of 49% year-over-year compared to GAAP net income of $19.8 million, or $0.18 per diluted share, for the fourth quarter of fiscal 2011. On a non-GAAP basis, net income for the fourth quarter of fiscal 2012 was $29.2 million, or 0.25 per diluted share, a decrease of 4% year-over-year compared to non-GAAP net income for the fourth quarter of fiscal 2011 of $30.6 million, or $0.28 per diluted share. For fiscal year 2012, Cree reported revenue of $1.16 billion, which represents an 18% increase compared to revenue of $988 million for fiscal 2011. GAAP net income was $44 million, or $0.39 per diluted share, a decrease of 70% compared to $147 million, or $1.33 per diluted share for fiscal 2011. On a non-GAAP basis, net income for fiscal year 2012 was $109 million, or $0.95 per diluted share, a decrease of 42% compared to $187 million, or $1.70 per diluted share, for fiscal 2011. Cree generated $242 million of operating cash flow and $130 million of free cash flow (cash flow from operations less capital expenditures) during fiscal 2012. "We finished the year strong in our fiscal fourth quarter with record revenue and non-GAAP earnings per share on the high end of our target range," stated Chuck Swoboda, Cree Chairman and CEO. "Overall, LED lighting adoption continues to increase and we remain focused on being the leader in innovation to grow our business by enabling our customers to realize the tremendous benefits of LED technology. While we are encouraged by our progress, the macroeconomic environment is impacting our growth outlook in the near term."
For its first quarter of fiscal 2013 ending September 23, 2012, Cree targets revenue in a range of $305 million to $325 million with GAAP gross margin targeted to be 36%+/- and non-GAAP gross margin targeted to be 37%+/-. Our GAAP gross margin targets include stock-based compensation expense of approximately $2.1 million, while our non-GAAP targets do not. Operating expenses are targeted to increase by approximately $2 million on a GAAP basis and approximately $1 million on a non-GAAP basis. The tax rate is targeted at 19.0% for fiscal Q1. GAAP net income is targeted at $10 million to $16 million, or $0.09 to $0.14 per diluted share. Non-GAAP net income is targeted in a range of $27 million to $33 million, or $0.23 to $0.28 per diluted share. The GAAP and non-GAAP net income targets are based on an estimated 116.0 million diluted weighted average shares. Targeted non-GAAP earnings exclude expenses related to the amortization of acquired intangibles and stock-based compensation expense of $0.14 per diluted share. About Cree, Inc. Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) applications. Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters. For additional product and company information, please refer to www.cree.com. |
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Friday, August 10, 2012
ElectroniCast LED Lighting Daily Gaggle
ElectroniCast LED Lighting Daily Gaggle |
Panasonic's LED Light Bulb Wins IDEA Gold Award in the U.S. Posted: 09 Aug 2012 12:49 PM PDT Panasonic's clear LED light bulb has swept gold awards at three competitive design contests in the U.S., Germany and Japan, winning raves for its incandescent-like sparkling light effects. The Gold-winning LED lamp Clear Type provides sparkling light, just like a clear incandescent light bulb. Using Panasonic's proprietary light emission and diffusion technologies, this LED light bulb has achieved virtually the same size, shape, light source position, light color, brightness and light distribution as clear incandescent light bulbs commonly used worldwide. Its similarity to a conventional clear bulb in terms of its shape and quality of light makes users feel comfortable with it in their homes, encouraging consumers to replace conventional bulbs with long-life energy-saving LED bulbs. Therefore, it is expected to contribute greatly to global energy-saving efforts. The LED lamp Clear Type has also obtained Gold Awards at the 2011 Good Design Award in Japan and the 2012 iF Product Design Award in Germany, sweeping Gold awards at three competitive design contests in the U.S., Germany and Japan. The international acclaim received by the bulb also includes the 2012 Universal Design Award in Germany and the 2012 red dot design award also in Germany. [Features of the LED lamp Clear Type](1) LED technology that produces sparkling light similar to that of a clear incandescent light bulb (2) Works with a wide variety of lighting fixtures, as it is very similar to the clear incandescent light bulb in terms of shape and light quality*2. (3) Energy-saving and long-life (Consumes about 78% less energy, and lasts about 26 times longer than an incandescent light bulb)*3. Notes:*1. Announced by the Industrial Designers Society of America on July 2, 2012. *2. May not work with all light fixtures, depending on the bulb dimension, heat emission or other specifications of the fixture *3. Comparison between the model LDA4L/C for the Japanese market (rated power of 4.4 W, rated life of 40,000 hours, and total flux of 210 lumens) and a 100-volt 20-watt light bulb (rated power of 20 W, rated life of 1,500 hours, and total flux of 175 lumens) as specified in the Japan Industrial Standards JIS C7501 "Tungsten filament lamps for general lighting purposes." The rated life is the number of hours of use until the total luminous flux (brightness) becomes 70% of the initial value. The rated life shows an average value and is not guaranteed.
[About IDEA (International Design Excellence Awards)]Started in 1980, the IDEA program fosters business and public understanding about the impact of industrial design excellence on the quality of life and the economy. The Henry Ford houses IDEA winners in its permanent collection to continue to tell the story of American innovation. About PanasonicPanasonic Corporation is a worldwide leader in the development and manufacture of electronic products in three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. Panasonic's stock is listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) Stock Exchanges. The company has the vision of becoming the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. For more information on Panasonic, its brand and commitment to sustainability, visit the company's website at http://panasonic.net/. *The content in the following news releases is accurate at the time of publication but may be subject to change without notice. Please note therefore that these documents may not always contain the most up-to-date information. |
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Thursday, August 9, 2012
Gently Led
Gently Led |
Posted: 09 Aug 2012 04:07 AM PDT There are things, important things, that money cannot buy. But most everything has a cost anyway. Time. Energy. Control. We 'pay' and 'spend' something as we choose throughout our days. I am blessed when I deliberately considering my 'spending habits' and how I speak about them. "I feel like I accomplished NOTHING today." "Where did the time go?" "That (moment, conversation, trip to |
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Thursday, August 2, 2012
Top 3 posts for you on Google+ this week
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