Cypress runs with the 'Dinosaurs' and records a profit; chip maker cuts staff, sends some work overseas and breaks out of a niche

Article Abstract:

Cypress Semiconductor Corp reports a 1st qtr 1993 net profit of $2.5 million, or seven cents per share, on sales of $69.7 million, down from 1st qtr 1992 net of $3.9 million, or 10 cents per share, on sales of $71 million. Still, the results are better than analysts' consensus prediction of 5 cents net per share, and come on the heels of Cypress' first annual loss since going public in 1986. Cypress has recently made some cost-cutting moves, including slashing staff by 30 percent, moving some production to Asia and reducing its product line from 3,500 items to 1,400. Founded by T.J. Rogers in 1982, Cypress had long prospered by making fast chips aimed at niche markets. However, in late 1991 such big chip manufacturers as Fujitsu Ltd, Advanced Micro Devices Inc and Motorola Inc began entering Cypress' markets.

Cypress Semiconductor Corp., CY, Company Profile, Cost control, Cost Reduction

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Zilog expects faster growth for '92 revenue

Article Abstract:

Zilog Corp is planning to ship several new types of chips and expects to report increased revenues in 1992. The new chips will include devices for the high-volume consumer electronics market, which are potentially more lucrative than the chips Zilog currently ships. The new chips will control computer disk drives, answering machines, television displays and perform other application-specific tasks. Zilog has signed contracts with a variety of other companies such as Tandy Corp, Samsung Electronics Co and Goldstar Co for the new chips. Zilog expects to report net-income growth for its fourth straight quarter since it went public in February in 1991. The company expects to report first quarter earnings of $3 million, with first quarter revenue of $29 million to $30 million.

Integrated circuits, Revenue, Financial Analysis Software, Strategic Planning, Market Analysis, Market Penetration, Zilog Corp.

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