Cypress Semiconductor on a comeback trail

Cypress Semiconductor on a comeback trail
Tom Foremski
Cypress Semiconductor reported good results for its fiscal first quarter, showing that the company is on a comeback trail after some disappointing previous performance.
Revenue was up almost 15 per cent at $151.6m compared with one year ago, and up 4.1 per cent from the previous quarter. Net profits were $8.7m compared with a loss of $1.8m one year ago.
“Cypress had a great quarter. We put behind us the manufacturing problem that caused a $0.02 loss in the fourth quarter of 1998, and then we delivered $0.09 in EPS (earnings per share),” said Cypress CEO TJ Rodgers.
He added that the company’s memory products division showed strong growth, turning in its best performance since the second quarter of 1996, as Static RAM prices showed an increase for the first time in 21 months.

Leave a Reply

Your email address will not be published. Required fields are marked *