Lighting manufacturer Cree (CREE +7.2%) says it has halved the cost of its LED streetlights and hopes the new lower prices will sway local governments to adopt the new technology. Cree's new outdoor streetlight will sell for under $200 when bought in volume, comparable in cost to traditional lighting using high-pressure sodium vacuum technology.
Research In Motion's (RIMM -0.8%) latest SEC filing implies that the BlackBerry maker's hardware division is now losing money, according to Jefferies analyst Peter Misek. Hardware gross margin fell to 20% on a GAAP basis in RIMM's FY 2012; assigning operating expenses based on revenue, Misek says, implies hardware operating margins fell to -8%
Research In Motion's (RIMM -0.8%) latest SEC filing implies that the BlackBerry maker's hardware division is now losing money, according to Jefferies analyst Peter Misek. Hardware gross margin fell to 20% on a GAAP basis in RIMM's FY 2012; assigning operating expenses based on revenue, Misek says, implies hardware operating margins fell to -8%
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