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

To: Alan C. Zezula who wrote (1810)	3/2/1998 4:22:00 PM
From: Harlan Huber	Read Replies (1) \| Respond to of 2694

All: CY down 5.3% to 8 15/16 with an intraday low of 8 13/16 on volume of 1.8 million shares. Semiconductor stocks nearly all dropped today due to some negative comments by a brokerage house on Texas Instruments and Teradyne. How low do you think we will go before we have a rally of at least one point? Down to near 8 on an intraday basis tomorrow, back down to 7.5 to make a double bottom, or even lower? Remember this is only the second day of a NASDQ correction, which started on Friday, and the DOW even closed higher. I saw a lot of fund selling between 10 down to 9 1/2 prior to and after the Robertson Stephens technical conference in the Bay Area last week, so obviously they didn't like what they heard from CY at the conference. I would not be surprised to see a loss for this quarter even though ValueLine is predicting 6 cents. Remember the CEO of CY bought in at 11 last October and also bought $1,000,000 worth of CY stock at 8 in December. However, with long term capital gains holding period now at 18 (?) months, he undoubtedly has a long term perspective. Any thoughts on the near term bottom of this stock and the final bottom for this year, which may occur here in March or April?