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Cypress Semiconductor Corporation CY

Cypress Semiconductor is a provider of advanced embedded systems used in a variety of markets, including industrial, consumer, data communications, and automotive.


NDAQ:CY - Post by User

Comment by BidDogon May 17, 2000 3:44pm
224 Views
Post# 1931884

RE: Was it so wrong...

RE: Was it so wrong...Good Post, and congrats at being able to get some $ out of this, you and I, unlike most on here, were able to, and methinks that just chokes everybody here. A question for anyone who cares to respond - where did the $25M in cash come from? Look at the short volumes over time, you'll see that approx 300,000 shares shorted at Jan 31, (trading at around 3.50), cleaned up before Feb 15 - 500,000 short again at March 15, (price 3.50 or so) and cleaned up again at April 15 - someone made huge amounts of $$$$ off this activity. And what is the $25M in cash to be used for? Management bonuses? Good luck to all, I really do hope you do OK on this over time, it will take some.
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