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News Breaks
January 24, 2013
08:13 EDTCYCypress Semiconductor says cutting company down to 3 divisions
Reports Q4 book-to-bill of 0.88, up sequentially in every division for the first time all year. The company said, "We did not perform well in 2012, including the fourth quarter. Yes, the economy is lackluster, but our performance was not good even in that environment. Our revenue was at the higher end of our preliminary financial announcement on January 8, 2013, but it decreased 11% sequentially—well below our expectations at the beginning of the fourth quarter. All divisions decreased sequentially and on a year-on-year basis. We are now cutting the company down structurally from four divisions to three to rapidly reduce our operating expenses. Our goal is to re-establish the drop-through earnings leverage that has characterized Cypress since the SunPower spinout."
News For CY From The Last 14 Days
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July 18, 2014
11:25 EDTCYOptions with decreasing implied volatility
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July 17, 2014
11:40 EDTCYCypress Semiconductor sees Q3 EPS 15c-17c, consensus 17c
Sees Q3 revenue $185M-$191M, consensus $197.56M. Sees Q3 gross margin to decrease slightly to 53% in Q3. Says inventory dollars to remain flat in Q3. Sees Q3 CapEx $7M. Comments made during the company's Q2 earnings conference call.
08:02 EDTCYCypress Semiconductor reports Q2 EPS 16c, consensus 12c
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