"He said this is a form of laying-on-hands
So put your hands on the screens now --
Touch the screen! Touch the screen!
Heal! Heal! Heal!"
-- From "Jesus He Knows Me," by Genesis, 1991
Two years ago, Cypress Semiconductor
Indeed, smartphone sales were hailed as a major business driver when Cypress reported much better first-quarter results than you would expect from normal seasonality. The consumer and computation division, where Cypress accounts for those controller sales, retreated 9% on a sequential basis to sales of $74.2 million -- but that's a jaw-dropping 43% above the year-ago figure. Cypress is nursing a backlog of orders where order bookings overshadow revenues billed by 34%, which shows continued strong demand for the company's products going forward.
Of course, Cypress isn't the only maker of touch-screen control chips. There are plenty of big, bad rivals like Texas Instruments
Great business should beget great returns, and Cypress has delivered 80% price gains over the last year to crush all the competitors I mentioned -- and the overall market. Do you believe, as I do, that the bulk of the touchscreen chip opportunity still remains untapped, and that the skyward chart climb will continue? Mosey on over to Motley Fool CAPS and vote for Cypress accordingly, dude.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Nokia is a Motley Fool Inside Value pick. Cypress Semiconductor is a Motley Fool Rule Breakers recommendation. Apple is a Motley Fool Stock Advisor selection. Try any of our Foolish newsletters today, free for 30 days. It's National Poetry Month -- just deal with it, OK? You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.
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