Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 30 January 2013 10:52

Cypress Semiconductor bucks industry trend

Written by Nick Farrell



Sees off Geeks and Young Turks


Cypress Semiconductor shares surged more than 2 per cent after it announced fourth-quarter 2012 loss which was much smaller than the cocaine nose jobs of Wall Street expected.

Cypress declared revenues of $180.3 million which decreased 11.2 per cent sequentially and 25.6 per cent year over year because of slow demand in all the segments. Revenues were more than the management’s initial outlook range of $177.0 million–$179.0 million. Given the state of the industry, such a small loss is actually rather good.

Cypress Semiconductor stock’s trade at beginning with a price of $10.02 and throughout the trading session climbed at a high of $10.15 other than when day-trade ended the stock finally advanced +2.53 per cent to $10.12. Cypress makes PSoC 1, PSoC 3, and PSoC 5 programmable system-on-chip families, CapSense touch sensing and TrueTouch hardware  for touchscreens, USB controllers, including the high-performance West Bridge.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments