Last week, a prominent display of $10 LED light bulbs fromCree, Inc. (NASD:CREE) arrested my attention as I entered a home improvement store.
These were officially launched in March, and are similar to a 40 watt-equivalent bulb I bought in 2009. I still have that bulb, which I use for outdoor lighting, because Compact Fluorescent Lights (CFLs) take too long to warm up in the winter. It’s still going strong. The only problem: it cost $50, and used as much energy as a CFL for the same amount of light.