SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CYPRESS Semiconductor (CY)
CY 23.820.0%Apr 16 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lamont smith who wrote ()10/18/1999 11:51:00 AM
From: Glen2  Read Replies (1) of 2694
 
Dan Niles of Robertson Stephens issued a report on Cypress today. Here are details:

1. View core product demand as very strong with a book-to-bill near 1.3. Cypress' core products are on fire especially in the communications end markets. Pricing is firm to up in memory related products and the corporate average is fairly stable. The biggest challenge is accelerating production to avoid heavy customer delinquencies.

2. Acquired products from Intel and Altera should add an estimated $0.10 to 2000 EPS. We believe that the licensed USB product line from Intel could add close to $0.05 to 2000 EPS for Cypress and lead to total market share of nearly 75% in certain USB peripherals. The acquisition of Altera's MAX5K family could also add approximately $0.05 to 2000 EPS and remove an alternate source for this 70% gross margin product.

3. We are raising our year-end price target to $30 from $25. We urge investors to take advantage of the recent stock weakness driven, we believe, by a difficult technology tape. We believe strong quarterly results, however, will drive the stock price much like on Friday when Microchip rose $6.56 and MIPS rose $3.38 with the market down 277. We believe Cypress' valuation of 20x our 2000 EPS estimate is also compelling given a 23x S&P500 multiple.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News