Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

SMART GLOBAL HOLDINGS, INC.

(SGH)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
16.82 USD   -2.10%
11/29SMART Modular Technologies Launches New Family of Data Center Solid State Drives
BU
11/16SMART Global Holdings Unit Acquires Colorado Code Craft for Undisclosed Sum
MT
11/16Penguin Computing to Acquire Remote Access Software Assets from Colorado Code Craft
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Cree LED and Tomar Electronics Enter Settlement and Limited License Agreement

09/14/2022 | 11:02am EST

Cree LED, Inc. (“Cree LED”), an SGH company (Nasdaq: SGH), and Tomar Electronics, Inc. (“Tomar”) today announced that they have reached a negotiated settlement related to Tomar’s use of LED components that infringe Cree LED patents. The financial terms of the agreement are confidential. As part of the settlement, Cree LED granted Tomar a limited license to certain Cree LED patents covering LED components.

Tomar and Cree LED have a longstanding collaborative relationship that both companies value, and Tomar was unaware that the LED components at issue, which it had purchased from a third-party supplier, were infringing. Under the circumstances, the parties were pleased that they could arrive at a resolution that both addressed the infringement and enabled them to continue working together.

“As an LED lighting innovator, Cree LED holds a broad LED patent portfolio in the U.S. and abroad,” said David Peoples, vice president of marketing at Cree LED. “We have made extensive investments in research and development, quality and product innovation, and we are committed to enforcing our IP rights; and licensing those rights, when warranted, with our valued partners.”

About Tomar Electronics

Founded in Chicago in 1969 and now headquartered in Gilbert, Arizona, TOMAR Electronics, Inc. is a pioneering, family-owned and operated business providing signaling, illumination and right-of-way enhancing products in the industrial and emergency industries which serve government, public and private communities. TOMAR is committed to protecting people, property and budgets through solutions which clear the way for safer, more sustainable environments. For more information, visit https://tomar.com/.

About Cree LED

Cree LED offers one of the industry’s broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. Our team delivers best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, specialty lighting and video screens. With more than thirty years of experience, Cree LED develops products backed by expert design assistance, superior sales support and industry-best global customer service. For more information, visit www.cree-led.com.


ę Business Wire 2022
All news about SMART GLOBAL HOLDINGS, INC.
11/29SMART Modular Technologies Launches New Family of Data Center Solid State Drives
BU
11/16SMART Global Holdings Unit Acquires Colorado Code Craft for Undisclosed Sum
MT
11/16Penguin Computing to Acquire Remote Access Software Assets from Colorado Code Craft
BU
11/15Penguin Solutions Launches New Cloud-Native HPC/AI Control Plane and Announces Partners..
BU
11/14Penguin Solutions Announces New Release of Scyld Software for HPC Deployment, Cluster M..
BU
11/14Penguin Solutions Announces New Release of Scyld Software for HPC Deployment, Cluster M..
CI
11/10Stratus to Showcase Proven Edge Computing Solutions at Automation Fair
BU
11/04SMART GLOBAL HOLDINGS, INC. Financial Statements and Exhibits (form 8-K/A)
AQ
11/03Frost & Sullivan Recognizes Stratus for Edge IIoT Product
AQ
11/02SMART Modular Technologies Expands DuraMemory Portfolio with New DDR5 Very Low Profile ..
BU
More news
Analyst Recommendations on SMART GLOBAL HOLDINGS, INC.
More recommendations
Financials (USD)
Sales 2023 1 769 M - -
Net income 2023 43,8 M - -
Net Debt 2023 383 M - -
P/E ratio 2023 19,7x
Yield 2023 -
Capitalization 818 M 818 M -
EV / Sales 2023 0,68x
EV / Sales 2024 0,55x
Nbr of Employees 3 600
Free-Float 88,4%
Chart SMART GLOBAL HOLDINGS, INC.
Duration : Period :
SMART Global Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SMART GLOBAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 16,82 $
Average target price 24,00 $
Spread / Average Target 42,7%
EPS Revisions
Managers and Directors
Mark W. Adams President, Chief Executive Officer & Director
Kenneth Rizvi Chief Financial Officer & Senior Vice President
Penelope A. Herscher Chairman
Jack A. Pacheco COO & President-Smart Memory Solutions
Sandeep Nayyar Lead Independent Director
Sector and Competitors