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

To: Steve Lewis who wrote (1447)	10/21/1997 4:38:00 PM
From: DJ Clancey	Read Replies (1) \| Respond to of 2694

I agree... CY should be able to regain decent levels within the 12-24 month timeframe. CY has been in a long rebuilding from the vast drop in memory prices. They need to show good numbers. The problem is that TJ makes it difficult to know what to believe. I have been long on them for a while and continue to hold. [Looking back, probably should have sold at 18] Steve... Where do you think CY can get to in the next 12-24 months?

To: Steve Lewis who wrote (1447)	10/22/1997 9:43:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 2694

What is your evidence to support an upturn in the semiconductor cycle? While unit demand will most certainly increase, capacity world wide has also increased, keeping prices down. This will continue in the future. The SRAM business will not swing upward anywhere near to the degree that it has done in the past. This will be true even for newer, more powerful chips (1Mb and higher). In fact, the average selling price of 1Mb chips has already declined to levels not previously imagined. The use of .35 and .25 micron technologies will only add to excess capacity. And there really has been no "big time" exodus or exit from the SRAM market by manufacturers in this business. Those that have cut back still have the capacity to jump back into the business at a moments notice,if they see money to be made. A case in point is Texas Instruments. The SRAM marketplace, upon which CY is dependent, cannot be counted on to pull TJ's chestnuts out of the fire. It will take NEW and BETTER PRODUCTS, which CY pays lip service to in its annual report, but about which CY remains strangely silent. So, give us your evidence for a cyclical upturn, and your evidence that CY will profit from same. Please don't cite TJ in CY's annual report for this proposition. He's the one that said CY would hit $1 billion in revenues in 1997.