CYRIX / NSM Message Board

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Technology Stocks : CYRIX / NSM

NSM 18.27

0.0%

Jul 31 5:00 PM EST

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To: William Nelson who wrote (22420)	1/4/1998 4:28:00 PM
From: Big Bucks	Read Replies (2) of 33344

William, Several reasons, 1. NSM took a write off for buying CYRX from this quarter. 2. The Asian situation has hit all semi-stocks with exposure in the Pac-Rim countries. 3. Funds left in Nov-Dec, to close out the books for the year. 4.Cyrx declared a loss for the quarter and took a write off for 6x86MX inventory reduction to clear the books for the aquisition by NSM. It will likely take 2-3 quarters before NSM/CYRX can get the wrinkles out of the merger and the new South Portland, Maine fab goes into a full production mode, making CYRX designed chips. Hope this helps, maybe some of the other thread members can add more of the situation as they see it. Regards, BB

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