Cypress to Repurchase Stock.SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 20, 1995--Cypress Semiconductor Corp. (NYSE NYSE See: New York Stock Exchange : CY) today announced that it has been authorized by its Board of Directors to begin a stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. whereby up to 3,000,000 shares of its Common Stock may be repurchased in the open market from time to time. 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, "The purpose of the buy-back is to make money." Cypress Semiconductor Corporation is an international supplier of high-performance integrated circuits with worldwide headquarters in San Jose. The company provides a broad range of products for leading computer, networking and telecommunications companies worldwide. The company's product line includes static RAM and EPROM EPROM in full erasable programmable read-only memory Form of computer memory that does not lose its content when the power supply is cut off and that can be erased and reused. memories, programmable logic devices (PLDs), field programmable gate arrays (FPGAs), data communications products, and personal computer chipsets and timing devices. Cypress shares are listed 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. under the symbol CY. The company has a site on the worldwide web at http://www.cypress.com, and offers fax-on-demand service at 800/213-5120 or 408/943-2798 outside North America. CONTACT: Cypress Semiconductor Corporation, San Jose Manny Hernandez, 408/943-2754 (analyst) John Hamburger, 408/943-2902 (press) |
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