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Technology Stocks : CYRIX / NSM

NSM 18.27

0.0%

Jul 31 5:00 PM EST

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To: Badshah J.Wazir who wrote ()	1/19/1996 6:09:00 PM
From: Thomas DeGagne	of 33344

Well it was a great day to own Cyrix! Up $4 today. Here is an excerpt from there quarterly report: Cyrix Corporation (NASDAQ: CYRX) today reported revenues of $228 million for 1995, down 7 percent compared to the previous year. The Company reported net income of $15.6 million for 1995, down from $37.6 million in 1994. On a per-share basis, the Company earned $0.78 for the year, compared to $1.88 in the same period last year. Net sales for the final quarter of 1995 were $39 million, down from the fourth quarter 1994 net sales of $73 million by 47 percent as demand and pricing for 486 products decreased substantially. Cyrix posted a net loss of $9.9 million for the fourth quarter of 1995. On a per-share basis, Cyrix recorded a loss in the fourth quarter 1995 of $0.49 compared to a net income of $0.63 in fourth quarter 1994. People really panicic and pushed them down to $18 dollars briefly last week. Now that the bad news is out it rebounds $4. What a strange market.

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