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/REPEATING TO CORRECT GARBLE/ CREE RESEARCH, INC. ISSUES EARNINGS RESULTS

 DURHAM, N.C., April 26 /PRNewswire/ -- Cree Research, Inc. (NASDAQ: CREE) today reported net income of $417,929, or $0.11 per share, on revenues of $4,589,341 for the nine months ended March 31, 1993. This compared with a net loss of $(850,282), or $0.54 per share, on revenues of $1,870,307 for the nine months ended March 31, 1992.
 For the third quarter ended March 31, 1993, the company reported a net income of $230,333, or $.06 per share, on revenues of $1,784,430. This compared with a net loss of $(360,090), or $0.23 per share, for the same period last year.
 Cree Research, which recently completed an initial public offering of common stock, is the world leader in developing and manufacturing electronic devices made from silicon carbide, a semiconductor material that is superior to the other semiconductor materials for certain applications.
 -0- 4/26/93 R
 /CONTACT: Alan Robertson, Chief Financial Officer, Cree Research, Inc., 919-361-5709 or FAX 919-361-4630/
 (CREE)


CO: Cree Research, Inc. ST: North Carolina IN: CPR SU: ERN

SB -- CH015R -- 0907 04/26/93 16:03 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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