Cypress Semi (CY) Holds Up Despite Pounding Of SunPower (SPWRA) Spin-Off

November 17, 2009 10:29 AM EST

Cypress Semiconductor (NYSE: CY) is holding up well so far after accounting issues were disclosed at spin-off SunPower Corporation (Nasdaq: SPWRA).

Shares of CY are down 0.5%. SPWRA is down 17.85%.

On September 29, 2008, Cypress completed the distribution of all of their 42.0 million shares of SunPower Class B common stock to stockholders. So while Cypress' market value no longer accounts for a SunPower stake, investors might be concerned about accounting practices at both.


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CY 18.06

-0.27 -1.47%
Volume: 2,182,589
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SPWRA 7.29

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Volume: 5,576
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