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Technology Stocks
CYPRESS Semiconductor (CY)
An SI Board Since January 1996
Posts SubjectMarks Bans Symbol
2694 79 0 CY
Emcee:  lamont smith Type:  Unmoderated
CY is one of the 5 largest suppliers of fast SRAMs, along
with Samsung, Motorola, Micron, and IDTI.

SRAMs accounted for 60% of CYs sales in Q3 1995. They have
a very competitive 256K SRAM, a proprietary 64k x 18 Pentium
Burst SRAM, and this year will produce its first 1MB 32k x 32
chip. 25% of sales are FPGAs, 15% specialty datacom chips.
Less than 10% of SRAM sales are outside US, with zero exposure
to Taiwan (where SRAM ASPs have been crumbling).

Q1 1996 is 76% booked. CY's exposure to the PC (motherboard) market
is 10% of total sales. They have consciously diversified away from
the PC market, into switching systems and digital cellular
phones, disk drives, laser printers, and industrial electronics
equipment. CY's strategy to prepare for declines in SRAM
pricing is to reduce costs aggressively. Margins are at 55%.

CY reports Q4 95 on Jan. 17. EPS is expected at 0.35, bringing
fiscal 95 EPS to 1.06. Stock is trading at 11.3 x this.
fiscal 96 EPS: 1.60 (paine webber) 1.65 (morgan stanley)
stock is trading at 7.5 x 96 EPS.

Question is, can they deliver $1.50 - $1.60 in 96? If so, BUY.
Technically, this stock is basing in here and looks very good
if it can pierce the down trend line connecting the 52 week high
with the highs of the down trend. It will do this just by trading
sideways. I've noticed very good support on the bid side at any
price below $12 in the market (trades on NY) so you can see the
block sizes of the bid and ask. Often the bid goes to "infinity" or
999 block size below $12. Traders know what i mean here.
If we can get comfortable that they arent too affected by Intel
designing out the SRAM in the pentium pro, this is probably the
best SRAM stock to buy at these levels versus ISSI, IDTI.
CY has its own fabs, unlike these other 2, and this may be an issue
at some point in 1996. any comments?
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2694Hi Debt, Exactly! 11 cents a quarter. Bobrobert b furman-March 8
2693Hi Tom, I had sold out at upon their good earnings before the buyout was proporobert b furman-March 8
2692Hi Bob, I cleared out of the CY position last year when the proposed buy-out toOldAIMGuy-March 7
2691Yes I saw that about the deal potentially not going through. Did real well with Debt Free-March 7
2690Hi Debt, Here's why: Possible Cfius block on merger: Cypress Semi -18% on robert b furman-March 6
2689Hi Debt, I've been on the road all day. Did deal fall thru? Should be solrobert b furman-March 6
2688Bob - just happened to look at CY - was shocked to see @$16.25 May be time to gDebt Free-March 6
2687( Hi debt, CY is U.S.based and # 3 in auto chips. INFN is # 1 or 2 in auto crobert b furman-6/9/2019
2686Hi DF, Here's how it looks as it closed out for me: [graphic] I closed ouOldAIMGuy-6/7/2019
2685OAG I've basically got a double and I know I will be pissed if something haDebt Free-6/7/2019
2684Hi DF, Re: What to do with CY........................... I troubled over the samOldAIMGuy-6/7/2019
2683Still holding a good chunk of CY and trying to think through what to do. ThereDebt Free-6/7/2019
2682I let 10% of my CY position go yesterday at the Open when the price/share jumpedOldAIMGuy-6/4/2019
2681Big day for CY with over 12% uptick and big volume.OldAIMGuy-5/29/2019
2680I think semi's are on the verge of breaking out. Cloud taking SOX to new ATrobert b furman-4/23/2019
2679CY has had a nice run since the first of the year. Feeling a bit concerned aboutDebt Free-4/23/2019
2678Hi Bob, <OT> Re: old cars and things....................... Tonight I'OldAIMGuy-4/18/2019
2677Hi OAG, Great trading! I enjoy trading around a core position. I especially lrobert b furman14/17/2019
2676(I started writing this just after I entered my limit Sell order at $16.62/shareOldAIMGuy-4/17/2019
2675Hi Tom, Good trading, That 44 cent dividend is one of the better considering trobert b furman-2/6/2019
2674Hi Bob, CY's holding up quite well here above $15 today. Here's my tradOldAIMGuy-2/6/2019
2673Cy announced good earnings: Cypress Semiconductor Surges on Fourth-Quarter Earnrobert b furman12/1/2019
2672CY broke through $15 this AM. That's over 8% rise on the day.OldAIMGuy-2/1/2019
2671CY was briefly above $14 again. That was a nice move from the ~$12 recent low.OldAIMGuy-12/4/2018
2670HI OldAIMGuy, Yesterday I sold 25 $13.00 puts for an average of $1.83. They exprobert b furman-10/6/2018
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