Friday, July 22, 2011

Cypress Semiconductor's CEO Discusses Q2 2011 Results

from Seeking Alpha transcript:

>>So just winding back to TrueTouch real quick. Our guidance for 2011 has to more than double versus 2010. So that yielded an implied revenue range of around $180 million to $200 million. So based on our strong first half results, a very strong design pipeline and obviously, some increased tablet revenues, I was really glad to see that Chris and Norm are ponying up even higher revenue. And we're going to increase the guidance by $50 million and now expect a range of $230 million to $250 million for fiscal 2011.


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