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The Editors' Blog
Top editors answer questions and talk about The N&O's print and online news reporting. Contributors are John Drescher, executive editor, and senior editors Dan Barkin, Steve Riley and Linda Williams. Email John with questions or suggestions.
Cree's story
Submitted by danbarkin on 10/09/2009 - 16:23
The Cree announcement Thursday that it is going to hire 575 workers is just the latest turn in this company's 22-year history.
Here are 5 things you may or may not have known about the company:
1. Cree chips lit up the Beijing Olympics, with 750,000 red, blue and green LEDs made by Cree helping to light up the Bird's Nest and Water Cube buildings.
2. The company donated the $1 million LED system backlighting the shimmer wall at the Raleigh Convention Center.
3. Cree was founded in 1987 by brothers Neal and Eric Hunter, N.C. State engineering grads.
4. The company went public in February 1993. We covered it with a paragraph in our Feb. 10, 1993, edition. Market value of the company was less than $100 million.
5. Friday afternoon, Cree's market value, as measured by the value of its stock, was nearly $4 billion.
About the blogger
Dan Barkin, senior editor/online, is a veteran of more than three decades in journalism and came to the N&O in 1996 as business editor. He holds a bachelor's in business administration from Old Dominion University in Norfolk, Va., and a master's in journalism from the University of Maryland. He and his wife live in Clayton with their two cats. Want to post a comment?
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