Morgan Stanley Comments on Cree/NVC Lighting Partnership

In a report issued earlier today, Morgan Stanley commented on the partnership between Durham, North Carolina-based Cree, Inc.

and NVC Lighting, one of the top lighting distributors in China, a partnership which began in March 2011. In the report, Morgan Stanley said that, “We expect Cree to participate in the demand growth resulting from potential subsidy announcements in China...We are currently expecting 50% volume growth in F2013 for Cree's LED Products segment. We are closely tracking developments relating to subsidy announcements in China to get a better visibility on its impact for Cree.” Cree, Inc. closed yesterday at $31.51.