Silke
19.04.2001, 14:24
nachfolgend die Zusammenfassung.
be carefull
MM
Cypress Semi sees fall in revenue, net (CY) By Julie Rannazzisi
Cypress Semiconductor (CY) reported first-quarter net income of $32.7 million, or 25 cents a share, vs. 40 cents a share in the year-ago quarter and two cents ahead of the lowered Wall Street consensus estimate. Cypress warned that it would not meet previous estimates on April 10. Going forward, the provider of high-performance integrated circuit solutions said it's forecasting another decline of 20 to 24 percent in revenue in the second quarter to approximately $200 to $210 million and expects single-digit earnings-per-share before goodwill, citing a continued lack of near-term visibility. First Call/Thomson Financial expects second-quarter EPS of 8 cents. "The first quarter of 2001 was a tough quarter. Continued inventory reduction efforts by most of our customers exacerbated a fundamental slowdown in end demand in practically all the markets we serve. This recession is like the one in 1996, but the revenue drop is sharper, due to a severe unit volume decline," said Cypress CEO T.J. Rodgers in a statement. He added that large cancellations in the cell phone market almost completely offset bookings in other market segments for the quarter. Shares rose 14 percent to $20.01 on Wednesday.
be carefull
MM
Cypress Semi sees fall in revenue, net (CY) By Julie Rannazzisi
Cypress Semiconductor (CY) reported first-quarter net income of $32.7 million, or 25 cents a share, vs. 40 cents a share in the year-ago quarter and two cents ahead of the lowered Wall Street consensus estimate. Cypress warned that it would not meet previous estimates on April 10. Going forward, the provider of high-performance integrated circuit solutions said it's forecasting another decline of 20 to 24 percent in revenue in the second quarter to approximately $200 to $210 million and expects single-digit earnings-per-share before goodwill, citing a continued lack of near-term visibility. First Call/Thomson Financial expects second-quarter EPS of 8 cents. "The first quarter of 2001 was a tough quarter. Continued inventory reduction efforts by most of our customers exacerbated a fundamental slowdown in end demand in practically all the markets we serve. This recession is like the one in 1996, but the revenue drop is sharper, due to a severe unit volume decline," said Cypress CEO T.J. Rodgers in a statement. He added that large cancellations in the cell phone market almost completely offset bookings in other market segments for the quarter. Shares rose 14 percent to $20.01 on Wednesday.