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Technology Stocks : CYPRESS Semiconductor (CY) -- Ignore unavailable to you. Want to Upgrade?

To: eric lerner who wrote (2228)	7/20/1999 8:44:00 AM
From: Steve Lewis	Respond to of 2694

Interesting day ahead: Cypress Q299: Revenue $161.5 Million, EBG $0.13, Record Bookings Rodgers: It appears that we will continue to grow revenue for the rest of 1999 for three reasons. First, Cypress booked a record $204.5 million in the second quarter for a book-to-bill ratio of 1.30 -- enough, barring an unforeseen problem, to ensure growth in the traditionally slow summer quarter. Rodgers continued, ''Our diluted EBG of $0.13 per share, up from $0.09 last quarter, reflects higher new product margins and an increase in manufacturing efficiency. These two factors combined to raise gross margins to 44% from 41% in the first quarter. Aided by higher ASPs from new products, our aggregate corporate ASPs remained flat with last quarter and each of our segments produced an earnings improvement. All in all, we were pleased with our performance in the quarter. Sales volume going forward with stable pricing (better margins) should keep the CY "train on the tracks"