Cutting Estimate on Cypress Semiconductor

S&P sees continued erosion in semiconductor sector

Company: Cypress Semiconductor (CY )

Year ending: Dec-01

Prior estimate: 1.62

New estimate: 1.20

Rationale: Continued weak semiconductor industry

Company: LSI logic (LSI )

Year ending: Dec-01

Prior estimate: 0.45

New estimate: 0.20

Rationale: Semiconductor industry slowdown deepens

Company: Lyondell Chemical (LYO )

Year ending: Dec-01

Prior estimate: 0.75

New estimate: Nil

Rationale: Impact of slowdown in volumes

Company: Salton Inc. (SFP )

Year ending: Jun-01

Prior estimate: 4.86

New estimate: 4.17

Rationale: Weak retail sector

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