UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 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): October 14, 2004



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


        North Carolina               0-21154                  56-1572719
(State or other jurisdiction of  (Commission File          (I.R.S. Employer
        incorporation)               Number)            Identification Number)



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




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

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


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 2.02    Results of Operations and Financial Condition

On  October  14,  2004,  Cree,  Inc.  (the  "Company")  issued  a press  release
announcing  results for the fiscal  quarter ended  September 26, 2004. The press
release  is  attached  as Exhibit  99.01 and  incorporated  into this  report by
reference.

The  information  in this  report  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 report  shall not be deemed to be  incorporated  by  reference  into the
filings of the Company under the Securities Act of 1933, as amended.

Item 9.01    Financial Statements and Exhibits

   (c)      Exhibits

            Exhibit No.                Description of Exhibit
            -----------                ----------------------
              99.01                    Press Release, October 14, 2004




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                                   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: October 14, 2004                     Cynthia B. Merrell
                                            Chief Financial Officer














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                                  EXHIBIT INDEX


Exhibit No.             Description of Exhibit
-----------             ----------------------
   99.01                Press Release, October 14, 2004

















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