Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (106316)	6/4/2001 10:17:36 AM
From: ild	Read Replies (3) \| Respond to of 436258

Very bullish news from CY: Business is so bad, it can't possibly get any worse. 9:00am 06/04/01 Cypres Semi warns about Q2 results (CY) By Michael Baron Cypress Semiconductor (CY) pegged second-quarter earnings before goodwill at breakeven to 2 cents a share on revenue of $175 million to $185 million. The revenue projection is 29 to 33 percent below last quarter's total of $262 million and beneath its previously estimated range for the period of $200 million to $210 million. Analysts polled by First Call/Thomson Financial are currently looking for a profit of 2 cents a share in the period. The San Jose, Calif., chip firm attributed the shortfall to weakness across all of its markets. "Business conditions have not materially improved in the market segments that we serve," said T.J. Rodgers, the company's CEO, in a press release. "The computation segment, roughly 20 percent of revenue, which earlier showed some signs of recovery, has stalled, though it is still likely to strengthen in the second half of 2001." Rodgers went on to note that Cypress' wireless infrastructure and wireless terminal segments, representing roughly 30 percent of its revenue, have "exhibited some positive movement but inventory levels remain high and the segment likely will not resume growth until the fourth quarter of this year." As for the wide area network and storage area network segments, the remaining 50 percent of Cypress' revenue, Rodgers characterized the business as "practically dead in the current quarter, suffering from both slow end demand and high inventory." He doesn't expect the WAN segment to show positive movement until the start of 2002.

To: Les H who wrote (106316)	6/4/2001 11:07:45 AM
From: flatsville	Read Replies (3) \| Respond to of 436258

>>>You'd also have to factor in the potential loss of hours, not just the potential loss of jobs. Many of those jobs are non-exempts, and higher minimum wage may impact the overtime compensation more greatly than the regular wage.<<< This sounds good and I'd almost believe it if I didn't already know that only approx. half of the would-be beneficiaries of a minimum wage increase work full-time (48.2%) and another third (32.9%) work between 20 and 34 hours per week. The problem for most of those earning minimum wage is that they can't get enough hours in a day or week to qualify for overtime or benefits that include the always elusive health insurance coverage. No doubt you'll argue this state of affairs is proof that employers can't pay a minimum wage and benefits as it is and that any additional increase in the minimum wage only squeezes them further. I on the other hand think (and know for a fact, after having talked with some managers re: hours and hiring policies) that this is largely an engineered situation. (Let's remember, we've been in a tight labor market for the past few years. Theoretically minimum wage workers should be able to get all the hours they want, up to 40 and more. Consumer spending on crap has never been higher. Ask yourself why can't they get the hours? Better yet, ask them. They'll tell you why.) Oh, and organized labor doesn't figure into most of these work environments.