More on Cypress (CY -4.6%) Q2: net profit plunges to $4.98M from $40.82M last year, as economic...

|About: Cypress Semiconductor Cor... (CY)|By:, SA News Editor

More on Cypress (CY -4.6%) Q2: net profit plunges to $4.98M from $40.82M last year, as economic concerns hurt bookings across all regions and divisions. "Macroeconomic issues combined with some customer pushouts are limiting our growth prospects for Q3. We expect our revenue to be flat and our EPS to improve due to product mix and cost controls," Cypress says. (PR)