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This excerpt taken from the CY 8-K filed Dec 19, 2008.


As previously disclosed, as of September 28, 2008, Cypress’s money market funds included approximately $10.3 million associated with the American Beacon Fund which had announced that it was freezing redemptions following a significant increase in redemption orders.

On December 17, 2008, Cypress redeemed all of this investment and received full payment of $10.3 million.


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished with this Current Report on Form 8-K:


Exhibit 10.1    Amendment No. 6 to Loan and Security Agreement dated December 18, 2008 by and between Silicon Valley Bank and Cypress Semiconductor Corporation.

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