CYPRESS Semiconductor (CY) Message Board

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Technology Stocks : CYPRESS Semiconductor (CY)

CY 23.82

0.0%

Apr 16 5:00 PM EST

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To: larry pollock who wrote (1600)	12/15/1997 8:20:00 AM
From: tech101	Read Replies (1) of 2694

According to Yahoo (Regarding to CY): There are two causes for the $12 million revenue shortfall: a $5 million shortfall in wafer-foundry revenue due to lower orders from their foundry customers, and a $10 million shortfall in static RAM (SRAM) revenue due to a timing problem in shipping by the quarter-end cutoff. Cypress's three other divisions -- Programmable Products, Data Communications, and Computer Products -- which account for 56% of the company's sales, are each forecast to beat their revenue figures for last quarter and the year-ago quarter, partially offsetting the SRAM and foundry shortfalls. ...... Cypress expects to catch up on SRAM shipments during the first quarter of 1998 and to resume growth in Q1, with a current projection of $150-155 million in revenue for that quarter. The company's current revenue projection for all of 1998 is still in the range of analysts' current estimates, which vary from $671-725 million. biz.yahoo.com

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