someone please explain this
thomas at tbeckett.com
Fri Apr 20 13:34:16 EDT 2001
Check the last sentence of the following paragraph from the N&O:
A new chief executive. A slowdown in growth. A slumping stock price.
An unconventional strategy to reinvigorate the business. Combine all
of these and you have a company -- semiconductor maker Cree -- at a
crossroads. The looming question is whether Cree, which has grown from
$7.5 million in revenue seven years ago to $108.6 million last year and
an anticipated $175 million-plus in the current fiscal year, can recover
from a modest downturn and get back on the fast-growth track.
Growth from $7.5M to $108.6M in seven years is something like a 46% growth
rate. And from $108.6M to $175M is around 60%. How is it that they're not
on the fast-growth track? Why is the press punishing Cree?
For purposes of comparison, Wal-Mart's growth rate in the 80s and 90s was
in the 35% range.
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