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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: JR Robinson who wrote (17473)	3/10/1998 11:06:00 AM
From: George W Daly, Jr.	Respond to of 70976

Austin paper story on Cypress announcement austin360.com While this generally wasn't good news, theres a couple tidbits for us glass half-full types....FYI, Round Rock is a northern suburb of Austin. .... "While Intel and Motorola cited weakening sales in Asia, among other concerns, Cypress' problem is that it didn't upgrade its chipmaking technology fast enough, analysts said. Therefore, it got caught with high manufacturing costs as prices for its chips were falling. ..... In addition, Cypress said it expects to resume a major expansion in Round Rock in the second half of 1999. The company announced the $1.4 billion expansion in February 1996, and spent $10 million on land, design, engineering and site preparation before falling chip prices forced it to put the project on hold. ... The Cypress restructuring comes even as the demand for the company's chips soars. Cypress is shipping chips at a record rate of more than 250 million a year, but that demand is not enough to overcome a 29 percent industrywide drop in average prices last year, the company and analysts agree. " More info about press release at: biz.yahoo.com GW