<ARTICLE> 5 <CIK> 0000895419 <NAME> CREE RESEARCH, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 9-MOS <FISCAL-YEAR-END> JUN-28-1998 JUN-28-1998 <PERIOD-START> DEC-29-1997 JUL-01-1997 <PERIOD-END> MAR-29-1998 MAR-29-1998 <CASH> 17,633 17,633 <SECURITIES> 746 746 <RECEIVABLES> 8,136 8,136 <ALLOWANCES> 157 157 <INVENTORY> 2,577 2,577 <CURRENT-ASSETS> 31,433 31,433 <PP&E> 41,339 41,339 <DEPRECIATION> 9,550 9,550 <TOTAL-ASSETS> 64,744 64,744 <CURRENT-LIABILITIES> 6,614 6,614 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 48,869 48,869 <OTHER-SE> 3,245 3,245 <TOTAL-LIABILITY-AND-EQUITY> 64,744 64,744 <SALES> 10,671 30,983 <TOTAL-REVENUES> 10,671 30,983 <CGS> 6,940 20,554 <TOTAL-COSTS> 8,379 25,290 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> (180) (513) <INCOME-PRETAX> 2,472 6,206 <INCOME-TAX> 717 1,810 <INCOME-CONTINUING> 1,755 4,396 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 1,755 4,396 <EPS-PRIMARY> 0.13<F1> 0.34<F1> <EPS-DILUTED> 0.13 0.33 <FN> EPS-BASIC </FN>