Cypress announces record employee profit sharing; Cypress employees to receive $1.75 million after record quarter.SAN JOSE, Calif.--(BUSINESS WIRE)--May 3, 1995--Cypress Semiconductor Corporation (NYSE NYSE See: New York Stock Exchange :CY) today announced the distribution of $1.75 million in quarterly profit sharing checks to Cypress employees--the largest such payout in the company's history. The first quarter profit sharing checks, which are distributed in dollar-for-dollar equal shares to all Cypress employees, reached a record $1,250 each. The profit sharing announcement followed Cypress's release of the best quarterly earnings in the company's history--a record $0.45 per share on revenues of $123.4 million. 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 stated, "After concluding the strongest quarter in Cypress's history, it is fitting that our employees receive the largest profit-sharing payout ever. We have enjoyed more than two years of earnings and revenue growth, and finished the first quarter with strong bookings momentum, at a record $167.9 million." Cypress Semiconductor Corporation is a leader in the design, development, and manufacture of a broad line of high-performance digital integrated circuits, fabricated using its proprietary 0.5-, 0.65-, and 0.8-micron CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. and BiCMOS technologies. Cypress offers a range of products, including PLDs (programmable logic devices), FPGAs (field-programmable gate arrays), static RAMs (random access memories) CMOS PROMs (programmable read-only memories) and EPROMs, high-performance multichip modules, frequency synthesizer products, FCT logic products, and data communications products. Cypress stock is traded 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. . Corporate headquarters are located in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . CONTACT: Cypress Semiconductor Corporation Manny Manny may refer to: In nobility:
John Hamburger, 408/943-2902 (press) |
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