Cypress Reports First Quarter 2002 Results

4/18/2002 - Cypress Semiconductor Corporation (NYSE: CY) today announced that revenue for the 2002 first quarter, ended March 31, 2002, was $193.2 million, up 1% from 2001 fourth quarter revenue of $191.1 million but down 26% from year-ago quarter revenue of $262.3 million. Pro forma net loss for 2002 first quarter was $12.6 million resulting in a pro forma diluted loss per share of $0.10, compared with a fourth quarter 2001 pro forma diluted loss per share of $0.11 and year-ago first quarter pro forma earnings of $0.25 per diluted share. Including acquisition-related costs, restructuring or non-recurring charges and credits, Cypress posted a net loss of $39.8 million for the first quarter, resulting in a diluted loss per share of $0.33, compared with a fourth quarter 2001 diluted loss per share of $0.31.

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