Cypress Ranks Ninth in List of NYSE Stock Price Gainers.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 28, 2000 Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). Corporation (NYSE NYSE See: New York Stock Exchange :CY) announced today that according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. website Smartmoney.com, Cypress provided investors with the ninth highest stock price percentage gain on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. for the 52-week period ended January 20. Cypress posted a gain during the period of 278.95%. Smartmoney.com is the website of Smart Money magazine, the personal business and investment magazine of The Wall Street Journal. The site is located at http://www.smartmoney.com. Cypress recently announced record earnings for the 1999 fourth quarter and full year of $207.9 million and $705.5 million, respectively. The company posted year-on-year revenue growth of 27.1%, close to double last year's growth rate for the broader semiconductor industry. &uot;Cypress attributed the results to increased demand for networking and telecommunications products,&uot; said Cypress president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. T.J. Rodgers. Cypress Semiconductor Corporation, with international headquarters in San Jose, provides a broad range of products for leading computer, networking, and telecommunications companies See telecom company. worldwide. Its shares are listed on the New York Stock Exchange under the symbol CY. The company's web site is http://www.cypress.com. &uot;Safe Harbor&uot; Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding Cypress's business that are not historical facts are &uot;forward-looking statements&uot; involving risks and uncertainties, including, but not limited to, market-acceptance risks, the effect of global economic conditions and shifts in supply and demand, the impact of competitive products and pricing, product development, commercialization and technological difficulties, and capacity and supply constraints. In addition, the above news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the completion of the acquisition, the impact of the acquisition on Cypress's operating results, future market demand and acceptance of Cypress's and Galvantech's products and development of new business and products of the combined company which involve risks and uncertainties. Cypress's actual results may vary materially from the results discussed in the forward-looking statements. Factors that may cause such a difference include those risks surrounding the closing of the acquisition, timely development, production and continued and increased market acceptance of the combined companies' products. Cypress's ability to successfully combine the operation of the two companies, the ability of the combined company to compete in the highly competitive and rapidly changing marketplace and the other risks detailed in Cypress's most recent filings with the Securities and Exchange Commission. |
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