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

To: ROBERT MONTGOMERY who wrote (1990)	9/2/1998 1:53:00 PM
From: RDH	Read Replies (1) \| Respond to of 2694

The link for this buyback is biz.yahoo.com This is pretty impressive -- originally CY had planned to by back 4 million, not they are planning on buying 14 million. The fact is that sometimes this is done via a combination of buying stock and selling PUTS. For example, CNSO has been selling PUTS and sometimes they get assigned, sometimes they don't put get a nice premium to keep which is reported as income and ultimately raises the book value of the stock. This is very good news for shareholders. Expect CY to not only be buying back stock but selling 7 1/2 puts over the next few months. In addition, since CY is in the $5 to $8 range it is very vulnerable to short selling pile on, which often occurs in this range. Currently, the short interest is not great, but still, the news of Company buy back will cause the more prudent short sellers to cover. Thanks, CYPRESS, we shareholders appreciate this. - RDH.

To: ROBERT MONTGOMERY who wrote (1990)	9/3/1998 2:06:00 AM
From: Alan C. Zezula	Respond to of 2694

I agree performance can be measured in many ways. But when you are dealing with a small share price say $6 for CY vs. $100 for DELL a 1 point move for CY would = an increase of 16.66% whereas a 1 point move up by DELL would = an increase of 1%. I don't want to play a semantics game which I am not trying to do here. I want to play a bottom line game and measure it in equal amounts of $10,000 invested in each company on 8-31-98 then sell all three companies on 8-31-99 and see who returned more on the initial $10,000. You can turn it in to % if you wish. I'm just willing to bet when all is said and done that the actual cash value will be more in DELL and CSCO than CY and that's how I am comparing their "performance".