Slowdown seen in LEDs

There is slowdown in one of the hottest markets to date: LEDs. Based on Cree Inc.'s results this week and other trends, analysts are worried about the segment. ''Cree indicated that general lighting demand continues to be strong and channel inventories are benign. However weakening LED TV demand trends along with a seasonal Europe is impacting its growth prospects for the September quarter,'' said Hans Mosesmann, an analyst with Raymond James & Associates, in a report.