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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
NOVEMBER 23, 1998
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Date of Report (Date of earliest event reported)
CYPRESS SEMICONDUCTOR CORPORATION
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Exact name of Registrant as specified in its charter
DELAWARE 1-10079 94-2885898
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(State or other Jurisdiction Commission File Number I.R.S. Employer
or incorporated) identification No.)
3901 NORTH FIRST STREET
SAN JOSE, CALIFORNIA 95134-1599
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(Address of principal executive offices
(408) 943-2600
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Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS
Beginning with its 1998 fiscal year end, Cypress Semiconductor (the Company)
will end its fiscal months, quarters and years on Sundays, rather than Mondays,
bringing the Company's fiscal period ends in line with predominant industry
practice. The change of fiscal periods is expected to improve the Company's
interface with its customers and suppliers by reducing the need for adjustments
to cutoff dates and custom calendaring fixes to modify software purchased from
outside vendors. The Company also views the timing of the change as timely and
beneficial, since it can effect the change in its systems at the same time that
Year2000 remediation efforts for those systems are in progress. In addition,
several of its internal systems, such as Payroll and Time and Attendance, are
already operating on Monday to Sunday cycles and this change will bring these
systems in line, contributing to greater efficiency.
As a result, the Company's current fiscal year 1998, will end on January 3,
1999 rather than December 28, 1998 and its fourth quarter of 1998 will have six
more days than if the change had not been made. The fourth quarter 1998 ending
January 3, 1999 will effectively have 97 days versus 91 days for the year-ago
quarter ending December 29, 1997. Included in the fourth quarter of 1998 are
five (5) scheduled holidays including Thanksgiving, Christmas and New Year
versus three (3) scheduled holidays in the year-ago quarter. The additional
days in the current quarter could result in additional revenues for the
quarter.
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SIGNATURE
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.
CYPRESS SEMICONDUCTOR CORPORATION
Date: November 23, 1998 By: /S/ Emmanuel Hernandez
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Emmanuel Hernandez
Chief Financial Officer, Vice
President, Finance and
Administration, and Secretary
