Technology Stocks : CYPRESS Semiconductor (CY)


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To: donss who wrote (1049)5/6/1997 2:11:00 PM
From: Jaime H. Ayalde of 2605
 
And now you know why....


Rodman & Renshaw Inc said Tuesday it downgraded CYPRESS SEMI. CORP.
(down 3/8 to 14-5/8 at 1:05 pm EDT) to neutral from a buy rating, and also lowered its EPS estimates for 1997 to $0.50 from $0.70 and for 1998 to $1.00 from $1.30. In a report, Rodman said a possible flow in a new Intel Corp. microprocessor could delay an expected increase demand for SRAMs, which are memory parts used in personal computers, which Cypress manufactures. (Reuters 12:29 PM ET
05/06/97)
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