Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DJ Clancey who wrote (1979)	8/5/1998 2:37:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 2694

Here's another one. I don't think it affects current shareholders. It seems to be just a reselling of convertible bonds. PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3) To Prospectus Dated March 17, 1998 Registration No. 333-42829 $175,000,000 CYPRESS SEMICONDUCTOR CORPORATION 6% CONVERTIBLE SUBORDINATED NOTES DUE 2002 AND SHARES OF COMMON STOCK This Prospectus Supplement relates to the resale by the holders (the "Selling Securityholders") of 6% Convertible Subordinated Notes due 2002 (the "Notes") of Cypress Semiconductor Corporation (the "Company") and the shares of Common Stock, par value of $.01 per share (the "Common Stock"), of the Company issuable upon the conversion thereof (the "Conversion Shares"). This Prospectus Supplement should be read in conjunction with the Prospectus dated March 17, 1998, and the Prospectus Supplements thereto, which are to be delivered with this Prospectus Supplement. All capitalized terms used but not defined in the Prospectus Supplement shall have the meanings given them in the Prospectus. The table below sets forth information as of the date hereof concerning beneficial ownership of the Notes of the Selling Securityholders therein listed. All information concerning beneficial ownership has been furnished by the Selling Securityholders. Principal Number of Amount of Percentage Convertible Percentage of Notes That of Notes Shares That May Common Stock Name May be Sold Outstanding Be Sold (1) Outstanding (2) ------------------- ----------- ----------- --------------- --------------- Duetsche Bank $ 1,640,000 * 69,418 * Securities, Inc. _______________ * Less than 1% (1) Assumes conversion of the full amount of Notes held by such holder at the initial conversion price of $23.625 per share; such conversion price is subject to adjustment as described under "Description of Notes - Conversion." Accordingly, the number of shares of Common Stock issuable upon conversion of the Notes may increase or decrease from time to time. Under the terms of the Indenture, fractional shares will not be issued upon conversion of the Notes; cash will be paid in lieu of fractional shares, if any. (2) Computed in accordance with Rule 13d-3(d)(i) promulgated under the Exchange Act and based upon 90,919,164 shares of Common Stock outstanding as of March 30, 1998, treating as outstanding the number of Conversion Shares shown as being issuable upon the assumed conversion by the named holder of the full amount of such holder's Notes but not assuming the conversion of the Notes of any other holder. FOR A DISCUSSION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED IN CONNECTION WITH AN INVESTMENT IN THE SECURITIES OFFERED HEREBY, SEE "RISK FACTORS" BEGINNING ON PAGE 6 OF THE PROSPECTUS. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The date of this Prospectus Supplement is August 5, 1998.