UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): January 15, 2004





                                   CREE, INC.
             (Exact name of registrant as specified in its charter)


 North Carolina                    000-21154                      56-1572719
 (State or other            (Commission File Number)          (I.R.S. Employer
  jurisdiction                                              Identification No.)
of incorporation)



                4600 Silicon Drive, Durham, North Carolina 27703
                    (Address of principal executive offices)



                                 (919) 313-5300
              (Registrant's telephone number, including area code)


                                       N/A
          (Former name or former address, if changed since last report)

Item 12.   Disclosure of Results of Operations and Financial Condition

On  January  15,  2004,  Cree,  Inc.  (the  "Company")  issued  a press  release
announcing  results  for the  period  ended  December  28,  2003.  A copy of the
Company's  press release is attached as Exhibit 99.01 hereto and is incorporated
herein by reference.

The  information  in this  Current  Report on Form 8-K shall not be deemed to be
"filed" for the purposes of Section 18 of the  Securities  Exchange Act of 1934,
as amended, or otherwise subject to the liability of that section.  Furthermore,
the  information  in this  Current  Report on Form 8-K shall not be deemed to be
incorporated  by reference  into the filings of the Company under the Securities
Act of 1933, as amended.


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                        CREE, INC.



                                   By: /s/ Cynthia B. Merrell
                                       ------------------------------------
Dated: January 15, 2004                Cynthia B. Merrell
                                       Chief Financial Officer

                                  EXHIBIT INDEX

Exhibit No.          Description of Exhibit
-----------          ----------------------

  99.01              Press Release, January 15, 2004