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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (8537)	1/22/2004 2:51:51 AM
From: Paul V.	Respond to of 25522

Gottfried, did you see Harry Dent forecast posted by Mindmeid. You may want to review the Dent's forecast. It is on the CSCO site. Paul

To: Gottfried who wrote (8537)	1/22/2004 10:55:29 AM
From: Proud_Infidel	Respond to of 25522

Cypress sees robust year ahead, profits in Q4 By Peter Clarke Silicon Strategies 01/22/2004, 10:09 AM ET SAN JOSE, Calif. -- Cypress Semiconductor Corp. made a net income of $23.2 million on sales of $236.0 million in the fourth quarter of 2003, the company said Thursday (January 22, 2004). Cypress president and chief executive officer T. J. Rodgers said that strong end-market demand across the board has driven some Cypress products into short supply, particularly SRAMs and USB controllers. "At this point, it seems to us that a positive, sustainable trend in networking has materialized, and that the year ahead will be a robust one," Rodgers said. The revenue was up 9 percent from prior-quarter revenue of $216.6 million and up 35 percent from year-ago fourth-quarter revenue of $174.4 million. For the fiscal year 2003, Cypress reported revenue of $836.8 million, an increase of 8 percent from fiscal year 2002 revenue of $774.7 million. On a GAAP basis, the net loss for fiscal year 2003 was $5.3 million compared with a 2002 GAAP net loss of $249.1 million. "Strengthening end-market demand, particularly in the networking business, and longer lead times have combined to create a strong booking environment, prompting us to increase our market guidance twice during the fourth quarter," said Rodgers, in a statement. "Booking momentum has continued into the early part of the first quarter. The book-to-bill ratio in the quarter was 1.12, with all segments posting a book-to-bill of greater than unity."