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.

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

To: TI2, TechInvestorToo who wrote (2505)	8/23/2003 11:39:51 AM
From: Gaffer	Respond to of 2694

Could this account for recent strength in Cypress? forbes.com FORBES From The Chart Room Nanotech: The Next Memory-Chip Giant Ben Berentson, 08.21.03, 9:00 AM ET Tobin Smith, the editor of ChangeWave Investing, has an investment strategy that seeks to get out in front of new technologies that he thinks will change entire markets. His last pick, IMAX (nasdaq: IMAX - news - people ), was one of those stocks because the big-screen film company was beginning to feature new theatrical releases such as Matrix Reloaded. He recommended it at $7, buying into a rally that saw the stock climb to nearly $10. Now Smith has his sights set on another industry: memory. His pick? NVE (nasdaq: NVEC - news - people ). NVE is developing a new kind of memory--MRAM--based on a technique it calls "spintronics." This nanotechnology-based technique uses an electron's spin rather than its charge. "This is a new kind of RAM," Smith says. "It's 100 times faster, 100 times denser and it's not volatile. That means that it's always on and you don't have to boot up anything." Smith notes that IBM (nyse: IBM - news - people ) and Infineon (nyse: IFX - news - people ) are working on the same project, but their chip is slated for a 2005 launch. Cypress Semiconductor (nyse: CY - news - people ), a partner of NVE, has a working model due out in the next six months. NVEC currently trades for around $19.50, having settled down from nearly $29 in mid-July. "This is a late-stage, venture-capital-type play, but it's now getting to the point where it's really moving," says Smith. Technically, NVE is showing all of the signs Smith likes to see in his recommendations. The short-term 30-day moving average has moved up through the longer-term 50-day moving average. Says Smith: "It peaked out at that $28-to-$29 level and came right back down to its support at the 50-day [level]. NVE is also trading up on heavy volume and only pulling back on light volume." Smith is bullish on NVE's prospects despite its recent price dip: "The stock had gone from $6 to $28 in a matter of weeks, this drop just flushed out the weak sisters. If you know the MRAM story, this is the only way to play it." Smith thinks that in two or three years, NVE could be selling for $100 given the current market caps of other prominent IP holders such as Rambus (nasdaq: RMBS - news - people ) and that it should hit $30 by the end of the year. "The only way they could get beat is if someone outdoes them in MRAM or if someone gets around their intellectual property."

To: TI2, TechInvestorToo who wrote (2505)	7/15/2004 9:25:25 AM
From: R2O	Respond to of 2694

Cypress Reports Second Quarter 2004 Results cypress.com Cypress Reports Second Quarter 2004 Results Release Date: Jul. 15, 2004 Cypress CorpCom SAN JOSE, California ... July 15, 2004 – Cypress Semiconductor Corporation (NYSE: CY) today announced that revenue for the 2004 second quarter was $264.3 million, up 4% from prior-quarter revenue of $254.4 million and up 30% from year-ago second-quarter revenue of $203.1 million. Pro forma net income for the 2004 second quarter was $35.9 million, resulting in diluted earnings per share of $0.23, compared with prior-quarter diluted earnings per share of $0.19 and year-ago second-quarter diluted earnings per share of $0.03. Gross margin for the 2004 second quarter increased to 53%, up from 52% in the prior quarter and 48% in the year-ago second quarter. Including amortization of intangibles and other acquisition-related, restructuring and special charges and credits, Cypress posted GAAP net income of $22.0 million for the 2004 second quarter, resulting in diluted earnings per share of $0.13, compared with prior-quarter diluted earnings per share of $0.16 and a year-ago second-quarter loss per share of $0.10. Cypress President and CEO T.J. Rodgers said, “This quarter marked our sixth sequential improvement in revenue and profitability. Our results would have been better if not for a worse-than-typical bookings slowdown in June. Our beginning-of-quarter backlog is the best we have seen in two years and consistent with analysts’ projections for a seventh consecutive quarter of revenue and profit growth in the third quarter.”