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Cree keeps course in ‘tough market’

Chuck Swoboda, CEO of Durham-based Cree Inc., said he believes the LED lighting products maker did “quite well” despite a tough market in fiscal year 2011, with growth in its lighting systems and its components businesses. Swoboda spoke on Tuesday at the company’s annual shareholders’ meeting in Durham’s Research Triangle Park. He reviewed highlights of fiscal year 2011, when he said the company, whose mission is to lead the “LED revolution” through sales of LED components, chips and systems, had mixed results amid high expectations.

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