Cree announced an update to its financial guidance for the fourth quarter of fiscal 2019. The company modified its revenue forecast of fiscal 4Q19 to the range of US$245 million to 252 million from prior US$263 million to 271 million as the U.S. government put Huawei on a trade blacklist. Cree said the update of financial guidance is in response to the decision on May 15, 2019, by the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce to add Huawei Technologies and 68 of its affiliates to the “Entity List” maintained by the U.S...