Cypress Semiconductor downgraded to Hold from Buy at Wunderlich Wunderlich downgraded Cypress Semiconductor citing a lack of near-term catalysts and commoditization of the company's TrueTouch product line. The firm lowered its price target for shares to $10 from $12.
News For CY From The Last 14 Days
Check below for free stories on CY the last two weeks.
Cypress will pursue district court claims against GSI following ITC ruling Cypress Semiconductor affirmed that it will continue to defend its patents aggressively in the wake of the June 7 final determination by the International Trade Commission that GSI does not infringe any of the four patents asserted by Cypress in the investigation. Cypress intends to vigorously pursue its two pending district court lawsuits against GSI, which include three of the patents asserted in the ITC investigation and seven additional patents. Cypress has asserted that GSI’s SigmaQuad-II, SigmaQuad-III, SigmaDDR, standard Synchronous, and NBT SRAMs infringe multiple Cypress patents.