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Stock Market & Financial Investment News

News Breaks
December 30, 2012
12:54 EDTCY, GSITITC reviewing 'Initial Determination' in Cypress GSI Tech patent case
Late Friday, Cypress Semiconductor (CY) announced that the International Trade Commission, ITC, has agreed to review the entire Initial Determination issued by Chief Administrative Law Judge Charles E. Bullock in the pending patent case between Cypress and GSI Technology (GSIT). Cypress has asserted that GSI SRAMs infringe multiple Cypress patents. The Commission also remanded the case back to Judge Bullock for a ruling on the validity and the enforceability of Cypress’s patents. After Judge Bullock completes his ruling, the Commission will review his initial findings on non-infringement as well as his rulings on validity and enforceability.
News For CY;GSIT From The Last 14 Days
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April 17, 2014
11:48 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
Sees Q2 revenue $181M-$186M, consensus $182.84M. Sees Q2 gross margin approximately 51%. Comments taken from Q1 earnings conference call.
11:42 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
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11:41 EDTCYCypress Semiconductor sees Q2 revenue $181M-$186M, consensus $182.84M
Guidance provided on the company's Q1 earnings conference call.
08:05 EDTCYCypress Semiconductor sees Q2 EPS to grow 'much faster' than revenue
The company said, "We exited the first quarter with a book-to-bill ratio of 1.08 and expect solid sequential revenue growth in the second quarter. Our Q2 earnings will grow much faster than revenue, reflecting the inherent leverage created by our efficiency improvements." Consensus for Q2 EPS and revenue are 12c and $182.84M, respectively.
08:04 EDTCYCypress Semiconductor reports Q1 adjusted EPS 7c, consensus 7c
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