Cypress to Repurchase Stock.SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 20, 1995--Cypress Semiconductor Corp. (NYSE: CY CY - Calendar Year CY - Capacity CY - Challenge for Youth (Northern Ireland) CY - Chinese Yuan CY - City CY - Communications Yeoman (naval signals rating) CY - Container Yard CY - Contract Year CY - Copy CY - Country CY - County (IRB) CY - Cryptology CY - Cubic Yard CY - Current Year CY - Current Yield (finance) CY - Cy Young Award Winner (baseball) CY - Cyber CY - Cyber Yugoslavia CY - Cyberspace CY - Cycle) today announced that it has been authorized by its Board of Directors to begin a stock repurchase plan 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 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 More Real Estate Static RAM is fast because the six-transistor configuration of its pretzel-like flip-flop circuits keeps current flowing in one direction or the other (0 or 1). The 0 or 1 state can be written and read instantly without waiting for a capacitor to fill up or drain; however, the six transistors take more space than dynamic RAM cells made of one transistor and one capacitor. and EPROM EPROM - Erasable Programmable Read-Only Memory EPROM - Electronic Program Read Only Memory EPROM - Electronically Programmable Read-Only Memory 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 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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