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


To: Chi Pan who wrote (1749)1/21/1998 7:53:00 PM
From: John Ritter  Respond to of 2694
 
I've watched this move from 8 to 10 to many times to have an opinion, I didn't trade it this time because I was afraid it would move up through 10 on good numbers. Two weeks sounds great, Perhaps we all should double up in the morning for the run, actually I was figuring 6 months for 15, three would be better.



To: Chi Pan who wrote (1749)1/21/1998 10:43:00 PM
From: Alan C. Zezula  Read Replies (1) | Respond to of 2694
 
Why do you think it will go to 11 in two weeks? It sure doesn't look promising from it's last earnings report.

The report said that their Fab 2 production is under capacity and will not meet production until the END of 1998. They admitted this will adversely affect profits.

They also have lost foundry business and have several product revenue shortfalls. Unfortunately I don't see either one these turning around anytime soon. JMHO.

Al