This excerpt taken from the CY 8-K filed Feb 17, 2005.
Item 7.01 Regulation FD disclosure.
On February 16, 2005, Cypress Semiconductor Corporation chief executive officer, T.J. Rodgers, stated in an interview with Reuters that he continues to expect a loss in the Companys first quarter ending March 3, 2005. Mr. Rodgers also stated that he expects the Company to post slightly better than breakeven earnings equivalent to one to two cents per share in the Companys second fiscal quarter, and that he expects the Company to break $1 billion in revenue for the 2005 fiscal year.
The earnings and earnings per share measures referred to in this Form 8-K are on a adjusted-GAAP basis. Reconciliations to the most directly comparable GAAP measures have not been provided as they are not available without unreasonable effort. Management uses these adjusted-GAAP financial measures in its own forecasting and strategic decision making and believes that they are useful to investors in that they better illustrate the core operations of Cypress. Mr. Rodgers statements are estimates only and the results anticipated may not be achieved and are subject to numerous risks and uncertainties as set forth in Cypress SEC filings.
The information in this Form 8-K hereto shall be deemed furnished and not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.