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Technology Stocks : CYPRESS Semiconductor (CY)
CY 23.820.0%Apr 16 5:00 PM EST

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To: Allegoria who wrote (2473)12/20/2000 1:25:48 PM
From: larry pollock  Read Replies (2) of 2694
 
An insider sale took place on 11/22/2000-Richard Freeman, VP Worldwide Manufacturing, exercised 18,333 options at $8.06, and sold these shares at $27.73. Does anyone think that this VP is planning on retirement like McCranie? Or maybe he is expanding his winery like Rodgers. Or maybe things are going to get a lot worse before the outlook changes for the better. The stock price is currently at $19 15/16, down $2. The 52-week low is $18 1/4. This is just my opinion, but no one should be taken by surprised if these guys lower CY's outlook for the first and second quarters of 2001. Additionally, there is no indication of any insiders buying and holding shares of stock. What the company does relative to buying shares is a sideshow issue.
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