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Technology Stocks : CYPRESS Semiconductor (CY)
CY 23.820.0%Apr 16 5:00 PM EST

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To: jelrod3 who wrote (2092)1/22/1999 4:42:00 PM
From: Michael L. Busser  Read Replies (1) of 2694
 
I having a tough time understanding why you say it would be dilutive. Cy has 92.2 Million shares outstanding currently. If they issue 13.7 million, this will result in 106 million shares. The fact that IC is earning 2.7 million/quarter would lead me to belive it will not be dilutive unless cy is planning on earning more than $.20/quarter which I do not believe is the case. In addition to this, there should be some cost efficiencies associated with the deal. This is the first smart thing TJ has done in quite some time. It also demonstrates they are getting away from the "I haven't invented it here" syndrome.
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