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Cypress Semiconductor Corporation Message Board

  • bosse72 bosse72 Jan 9, 2013 11:15 PM Flag

    A Co in need of repair -

    There may be a day but it isn't anytime soon. Mgt has spent almost a billion dollars in the last 18 mths buying back stock most at a premium well over today's closing price. Instituted dividend to pad CEO's and Officers pocket -cash could of been used in much better ways. Class action law suit in CA no less. Most recent qtr miss flies in the face of Samsung's announcement a few days ago of record phone and tablet sales. You might note last qtr was the first qtr in a long time where Samsung wasn't 10% of revs - smells of losing share.Both of their main competitors -ATML and GSIT are rocking over the last several weeks.
    Second rev and earnings miss in last 4qtrs
    Many better investments than chasing these problems.
    Most Co's would have Boards to address some of these issues but I assume TJ has most the Board bowing down to him. It's to bad because he has made some very reckless decisions.

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