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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Probart who wrote (78946)	1/13/2000 4:16:00 PM
From: kha vu	Read Replies (1) \| Respond to of 120523

SNRS: FDA approved

To: Probart who wrote (78946)	1/14/2000 10:56:00 AM
From: Jenna	Read Replies (2) \| Respond to of 120523

CY.. New 52 week high, reports the 25th time for a small correction but CY is our only stock looking at 4 digit growth sort of the "best of show" of earnings plays and best candidate for both intermediate and long term hold. EPS % Chg. Last Qtr 1050% (the reporting quarter> . and the year 338%. SAN FRANCISCO, Jan 12 (Reuters) - Robertson Stephens said Wednesday it had raised its earnings estimates for Cypress Semiconductor Corp. as the maker of integrated circuits enjoyed better revenues than expected. -- "We are taking our earnings-per-share estimates for fourth quarter from $0.28 to $0.31 and for 2000 from $1.35 to $1.50," read a research note by analyst Daniel Niles. -- Niles, which has a buy rating for the company, also said he was setting a $40 price target for the stock for 2000. -- Shares in Cypress, which made an optimistic forecast about its operations in October, were up 2-5/8 at 33-11/16. -- "We believe that this is being driven by higher revenues, better gross margins and lower expenses than originally anticipated. In addition, we believe that the outlook is strong driven by a book-to-bill, which exceeded 1.2." -- "Cypress' problem continues to be supply and not demand. We believe these new estimates continue to be cautious." -- "In addition, Cypress is also acquiring Galvantech, a leader in high-performance SRAMs for the datacom market, for 3.6 million Cypress shares. "Galvantech should add at least $60 million in revenues to our 2000 estimates and at least $0.05 to our earnings-per-share estimates when the deal closes in late February." -- On Oct. 27, Cypress of San Jose, Calif., told Reuters it would outperform the industry's 1999 worldwide revenue growth of 12 percent by a factor of two. It projected its revenues totaling up to $200 million in the fourth quarter.