Cypress Semi (CY) Shares Nosedive as Exec Says Co. Seeing Price Erosion on High-End Chips
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Shares of Cypress Semi (NYSE: CY) are plunging sharply yet again Thursday (shares fell below $19 earlier on soft Q1 guidance) as, on the conference call, the company's President and CEO TJ Rodgers said Cypress is seeing a "lot of price erosion" on high-end chips.
The company also just filed its Form 8-K with some more details on the Q4 results, so investors might be digging a little deeper into that.
The company also just filed its Form 8-K with some more details on the Q4 results, so investors might be digging a little deeper into that.
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