Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 684.83

+0.6%

Dec 22 4:00 PM EST

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From: Dr. Stoxx	6/16/2005 7:58:11 AM
	of 39683

07:56 CY Cypress Semi estimates raised at JP Morgan on computing and consumer strength (13.89 ) JP Morgan says that channel checks indicate CY's 2Q05 is tracking ahead of firm's previous expectations of rev/EPS of $215.0 mln/($0.02) due to strength in its Computing and Consumer business (33% of 1Q05 revenue). Firm believes a combination of strong PC demand and share gains have driven the upside and have also pushed CY's book to bill ratio above 1.0x. Also, CY is trading at 2.0x CY05 sales estimate, the midpoint of its historical price-to-sales range of 1.0-3.0x. Due to the potential for further upside and high operating leverage, firm reits Overweight.

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