<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ACCOMPANYING FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000895419 <NAME> CREE RESEARCH, INC. <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> JUN-27-1999 <PERIOD-START> JUN-29-1998 <PERIOD-END> JUN-27-1999 <EXCHANGE-RATE> 1 <CASH> 42,506 <SECURITIES> 6,145 <RECEIVABLES> 16,460 <ALLOWANCES> 175 <INVENTORY> 3,977 <CURRENT-ASSETS> 69,767 <PP&E> 83,195 <DEPRECIATION> 13,311 <TOTAL-ASSETS> 144,217 <CURRENT-LIABILITIES> 9,545 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 111,209 <OTHER-SE> 18,813 <TOTAL-LIABILITY-AND-EQUITY> 144,217 <SALES> 60,050 <TOTAL-REVENUES> 60,050 <CGS> 31,920 <TOTAL-COSTS> 43,468 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (1,060) <INCOME-PRETAX> 17,642 <INCOME-TAX> 4,940 <INCOME-CONTINUING> 12,702 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,702 <EPS-BASIC> 0.47 <EPS-DILUTED> 0.45