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Market Talk: What's Up With the Cree (CREE) Rumors?

American Technology Research analyst Andrew Huang commented on recent speculation on Cree (Nasdaq: CREE).

The firm notes that over the past few days, there have been two bits of speculation circulating related to Cree:

1. One suggests that IBM will acquire Cree. This rumor resurfaces at least once a quarter, and in the firm's opinion, makes absolutely no sense.

2. The other, which appeared in an article in the Korea Times over the weekend, is that LG Display, the world's second largest supplier of LCD panels, will set up a joint venture with Cree in China. Although this is plausible, the firm believes it is unlikely true.

Huang does not think it would make sense for Cree to partner exclusively with LG Display CONTINUED>>>>

More Rumors ($): http://www.streetinsider.com/Rumors

Hedge Fund Trade of the Day - Nicor (GAS)

In a 13G filing on Nicor (NYSE: GAS), Harbinger Capital disclosed a 6.3% stake (2,831,000 shares) in the company. At the quarter ended June 30, 2008, Harbinger showed a 1,365,910 share stake in Nicor. A 13G indicates a 'passive investment'.

More 13Gs

Analyst Call To Watch - Parlux (PARL)

Wedbush Morgan upgrades Parlux Fragrances (Nasdaq: PARL) from Hold to Buy and raises Parlux's price target from $4.50 to $8, saying channel checks indicate strong initial consumer response for the Jessica Simpson fragrance launch.

The firm suggests Jessica Simpson is potentially paving the way for expanded distribution for Parlux Fragrances' Paris Hilton and Guess lines.

More Upgrades: http://www.streetinsider.com/Upgrades