Cypress Semiconductor (NYSE:CY), is set to release the earnings numbers on 22. The company is seen to be unveiling the next big thing - Cypress Envirosystems ,  a subsidiary of Cypress Semiconductor, provides products that save energy and improve productivity for older plants and buildings. One recently-announced product from Cypress Envirosystems, the Wireless Pneumatic Thermostat, offers the same functionality as DDC thermostats. Unlike DDC systems, building oprs have the flexibility to retrofit only selected zones rather than an entire building all at once. It can operate as a stand-alone system or can integrate with existing building automation systems such as Siemens, Honeywell, Johnson Controls, and TAC via BACnet. Another product, the Wireless Steam Trap Monitor, helps to automatically monitor steam traps for failures, and to notify staff in a timely manner to avoid wasting energy. Steam Traps are mechanical devices installed on steam pipes to remove condensate; they are needed to maintain the proper operation of steam distribution systems.

During the end of December, the market witnessed Cypress Semiconductor finally getting the $10.3 million it had invested in money market funds with the American Beacon Fund, according to a Friday filing.  In September the San Jose chip maker disclosed that the fund had frozen following a “significant increase in redemption orders.”

On the product front, the company launched the World’s First USB TV Dongle Reference Design to Bring High-Resolution. Also, announced was the launch of commercial sampling of a CMOS image sensor with industry-leading digital data throughput of 13.2 Gbps. The new 3.0-megapixel LUPA-3000 sensor offers a triggered and pipelined synchronous shutter with a high frame rate of 485 frames-per-second (fps) and windowing capability for undistorted images and fast readout. In mid-November we saw the company’s guidance non-GAAP loss per share of 3 cents to 12 cents a share in the fourth quarter. Revenue is estimated at $165 million to $180 million, compared to $222.7 million in the third quarter. In a statement, Cypress cited "declining order patterns and turns from all sales channels, all end markets, all geographies, and all of our product lines. In addition, backlog continues to be weak, and we are seeing cancellations and requests for push-outs that are somewhat higher than normal."

Amidst the plummeting share price, for those interested in insider trading, if that is of any indication you may want to note that the CEO T. J. Rodgers raised stake in co to 11 percent from 9.8 percent in late November.

The analyst expectation stand at a staggering 31 cents loss per share, a far cry from the company’s last guidance, given that the whole semiconductor sector has underplayed by a large extent.

Earnings Numbers
Current Estimates: ($0.31)
Number of Estimates: 2
High Estimate: ($0.29)
Low Estimate: ($0.34)
Last Year EPS: $0.10
Percentage Growth: -415.00 %

Disclosure: The author does not own any of the stocks mentioned above.