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Cypress Semiconductor Corporation Message Board

onemagician 3 posts  |  Last Activity: Aug 11, 2014 7:59 PM Member since: Oct 22, 1998
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  • onemagician onemagician Aug 11, 2014 7:59 PM Flag

    Sad but true.... From the 10Q.....

    As previously disclosed, our 2.875% Convertible Senior Notes due 2016 (the "2016 Notes"), in an aggregate principal amount of $620 million, mature on January 15, 2016. Our stock price is well below the $51.24 effective conversion price for the 2016 Notes, making it unlikely that the holders of the 2016 Notes will exercise their conversion right. As a result, we assume that, absent the execution of a transaction of the type described below, we will be required under the terms of the 2016 Notes to repay the full $620 million principal amount at maturity. Based on our currently anticipated operating results, however, and even assuming the realization of future expense reductions that we plan to make and product revenues that we forecast, there is a significant risk that, while we believe we have sufficient cash to meet our ordinary course obligations for at least the next twelve months, we will not be able to repay or refinance the 2016 Notes. Accordingly, we are currently considering alternatives to the repayment of the 2016 Notes in cash, including alternatives that could result in leaving our current stockholders with little or no financial ownership of Dendreon. Our Board of Directors will consider any strategic alternatives that might be presented by third parties, though there can be no guarantee that any such alternative will provide value for the Company's stockholders.

  • near term.... The CNBC pumpers are euphoric and falling all over themselves to pump this rally.... However, this correction is in the early stages and the S&P 500 will, at a miniumum, test 1,880, and possibly as low as 1,800....

    FEYE will be in the low $20's - nobody will want to hold a company that is not projecting to be profitable anytime soon....

    Sentiment: Sell

  • doesn't work..... Welcome to reality where companies need to post earnings and have a P/E value.... Hate to post it but this thing is going trade in the low $20's real soon (August).... When is FEYE going to be profitable again?

    Last one out hit the lights.....

    Sentiment: Strong Sell

CY
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