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Technology Stocks : CYPRESS Semiconductor (CY)
CY 23.820.0%Apr 16 5:00 PM EST
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To: Samuel R Orr who wrote (1579)12/11/1997 9:39:00 PM
From: jelrod3  Read Replies (2) of 2694
 
Sam, you are right on! The Korean Government, bolstered by outside money from the IMF plus God only knows where (probably us), is NOT about to let Samsung go under. Add to that the fact that Japan will not let Toshiba, Fujitsu, or Hitachi fail. Stir it all around, and what you have is MORE AND MORE SRAMS being made and sold at cheaper and cheaper prices as the Asian manufacturers try to work their way out of the mess they are in by exporting cheap devalued goods. CY will have no pricing power, and will be faced with falling prices and too much capacity and clogged inventory channels. They will not have anyone to bail them out...and eventually will have to exit the business or face ruination. Their only way out is new products that the folks in Asia can't match. You'll see CY break through $8 before long as the reality of this sinks in.
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