Ramtron (RMTR) -12.4% AH to $2.47 after reporting Q2 revenue of $14.2M and breakeven EPS, below...

|By:, SA News Editor

Ramtron (RMTR) -12.4% AH to $2.47 after reporting Q2 revenue of $14.2M and breakeven EPS, below a consensus of $17.4M and $0.04. The FRAM pioneer is also guiding for Q3 revenue of $14M-$14.5M, far below a consensus of $21.2M. The AH decline puts Ramtron shares well below Cypress Semiconductor's (CY) $2.68/share tender offer, which Ramtron has rejected. The Street apparently thinks Cypress will now revise its offer, which expires on August 3, if not cancel its bid.