LED lighting's not-so-heated sibling rivalry.
If you cut your teeth on LED technology over the past 10 to 15 years here in the States, chances are good you might have worked with one, or both, of the Swoboda brothers.
Polite, rangy men raised outside Chicago, they are the only two boys in a family of six children. Mark Swoboda, the elder at 53, is president of Bridgelux, a startup based in Sunnyvale, Calif., that makes LED lighting components and systems. Chuck, 42, is CEO of Durham, N.C.-based Cree, which makes, you guessed it, LED lighting components and systems.
Both men took similar paths: Electrical engineering degrees at Marquette University, then jobs at HP (HPQ), which for years served as a training ground for the LED industry. (Mark points out that he got to HP first and helped his kid brother land a gig there.)
Chuck's company, publicly traded Cree (CREE), is the larger of the two. Mark's private company is just starting to really ramp up its revenue under his leadership. The brothers say their companies don't really compete: "I don't have products that can drop into his lineup, and he doesn't have products that can drop into mine," Mark says. "At least not yet."
So are family gatherings dominated by shop talk? Says Chuck: "We spend our time being brothers, and not talking about LEDs." The rest of the Swoboda family is probably relieved.
Companies for years have toyed with light-emitting diodes, which use the same technology as computer chips. Now LEDs are having their day in the sun.
An assortment of new LED bulbs, including two models from Philips (top), Cree (bottom right), and Lemnis (bottom left), surround Philips's 60-watt replacement bulb, which hasn't hit the market yet.
The $100 billion global lighting industry is undergoing radical change: New office buildings and retail outlets MORE
Michael V. Copeland, Senior Writer - Jan 26, 2010 8:30 AM ET
Tech veteran Watkins talks about why he took the top job at LED maker Bridgelux.
A year after he was booted from the top spot at hard drive-maker Seagate (STX), Bill Watkins has taken on the CEO job at Sunnyvale, CA-based LED lighting company Bridgelux. Bridgelux makes LED (light emitting diode) chips and arrays for use in general lighting applications for everything from streetlights to warehouses.
"I always knew I would go MORE
Michael V. Copeland, Senior Writer - Jan 13, 2010 5:48 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
Receive Fortune's newsletter on all the deals that matter, from Wall Street to Sand Hill Road. SUBSCRIBE
Covering the digital giants of Silicon Valley and beyond, an in-depth look at enterprise companies, and the startups disrupting them. Written by Michal Lev-Ram and emailed twice weekly. SUBSCRIBE
Anne Fisher answers career-related questions and offers helpful advice for business professionals. SUBSCRIBE
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |