latest news releases from the newsroom
Cree Announces Extension and Increase of Stock Repurchase Program
DURHAM, N.C., May 15, 2008 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications, today announced that its board of directors approved the extension of the company's stock repurchase program through the fiscal year ending June 28, 2009. The board also approved an increase in the number of shares the company is authorized to repurchase under the program. As of May 15, 2008, the company is authorized to repurchase up to 5,000,000 shares. The company has repurchased 1,567,500 shares during the current quarter.
HydroGen Corporation Reports Results for the Fiscal 2008 First Quarter
CLEVELAND, May 15, 2008 (PRIME NEWSWIRE) -- HydroGen Corporation (Nasdaq:HYDG), a designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, today announced its financial results for the quarter ended March 31, 2008. HydroGen Corporation is currently in the development stage and is expected to remain so for at least the next several quarters.