Friday, December 19, 2003
Cypress Semiconductor Corp. has increased its guidance for the 2003 fourth quarter for the second time .
The company now expects revenue of about $235 million for the quarter ending Dec. 28. Cypress posted revenue of $217 million revenue in the third quarter and initially told investors to expect fourth quarter revenue of $224 million. Last month, the company increased its guidance to revenue of $230 million.
Cypress attributed the improved outlook to increased demand for memory in networking equipment and wireless handsets and to higher than expected USB sales in consumer and computer systems.
By: DocMemory
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