Carolina Politics Online

NEWS&OBSERVER

Cree, the company whose LEDs lit up dazzling light shows during the opening ceremony at the Beijing Olympics, reported stronger-than-expected sales today.

In a prepared statement, CEO Chuck Swoboda declared the quarter “a strong finish to a very successful year. Revenue exceeded our previously announced guidance due to strong LED sales. … We have executed our strategy to transform Cree into a broad-based LED company with chips, components and systems that are leading the LED lighting revolution.”

I am a proud employee of this corporation that is using private industry ingenuity to make a profit and create newer technologies. This contributes to a “greener” planet. This is a prime example of how to balance the needs of our economy with a environmentally clean country and world. Keep the government interference to a minimum and let capitalism save state, country and if needed the world.

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