He cut Cree, EnerNOC, SemiLEDs, and Clean Energy to Underperform from Neutral.

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Other competitors in the technology sector include: SemiLEDs (LEDS), Advanced Photonix, Inc. (API), and TriQuint Semiconductor (TQNT).

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SemiLEDs (LEDS) posted a a second quarter loss that was less than analysts had predicted, but also said that the second quarter results will be weak due to oversupply pressuring margins.

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