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Cypress Reports Second-Quarter 2012 Results Business Wire SAN JOSE, Calif. -- July 19, 2012 Cypress Semiconductor Corp. (NASDAQ:CY) today announced the results of the second quarter of 2012, which included the following highlights and remarks from its president and CEO, T.J. Rodgers. *Revenue increased 9% sequentially *Non-GAAP EPS increased 50%, showing good leverage *TrueTouch^® revenue increased 21% sequentially *$430 million revolving line of credit closed in June Fellow shareholders: Our revenue and earnings for the quarter are given below, compared with those of the prior quarter and year: (In thousands, except per-share data) NON-GAAP GAAP Q2 2012 Q1 2012 Q2 2011 Q2 2012 Q1 2012 Q2 2011 Revenue $201,300 $185,089 $254,978 $201,300 $185,089 $254,978 Gross 57.0% 55.7% 57.2% 53.0% 49.6% 54.5% margin Pretax 15.3% 11.3% 24.8% 2.6% -9.4% 10.3% margin Net $30,298 $20,530 $62,993 $4,977 $(19,460) $40,823 income Diluted $0.18 $0.12 $0.32 $0.03 $(0.13) $0.21 EPS We are proud of the fact that we maintained our gross margin at 57.0% in Q2'12, a quarter in which our revenue of $201 million was down more than 20% from the $255 million and 57.2% gross margin reported in the year-ago quarter. This result is attributable to our companywide cost-reduction effort. Our revenue came in at the low end of our guidance, growing 9% sequentially. All divisions grew, led by our Programmable Systems (PSoC^®) Division, or PSD. PSD revenue grew 18% – driven by TrueTouch, which grew 21% sequentially as our new TSG4 product began to gain share in the market, in part due to new customers and applications, such as eReaders. GAAP EPS grew 123% sequentially, and non-GAAP EPS grew 50% sequentially, driven by increased gross margins and tight operating expense control. Increasing global macroeconomic concerns, combined with short lead times, put downward pressure on distributor and customer bookings across all geographies and divisions.Our book-to-bill was 0.87 in Q2, down from 1.33 in Q1, below our seasonal average. Nonetheless, we are still 77% booked for Q3, in line with historical averages, and we expect approximately flat revenue with increased earnings due to product mix and continuing cost controls. Macroeconomic issues combined with some customer pushouts are limiting our growth prospects for Q3. We expect our revenue to be flat and our EPS to improve due to product mix and cost controls. BUSINESS REVIEW + Our non-GAAP consolidated gross margin for the second quarter was 57.0%, up 1.3 percentage points from the previous quarter due to product and customer mix, solid manufacturing execution and our cost-reduction programs. On a GAAP basis, our second-quarter consolidated gross margin was 53.0%. + Net inventory dollars in Q2 decreased 7% sequentially; inventory days decreased to 96. Distributor weeks of inventory on hand decreased slightly to 6.2 weeks. + Cash and investments for the second quarter totaled $210.8 million, an increase of $102.1 million from the prior quarter. The balance includes proceeds of $103 million in incremental borrowings. During the quarter we used $19.9 million to repurchase 1.5 million shares. Since we announced our $400 million stock repurchase program in September 2011, we have repurchased 12.7 million shares through July 1, 2012 and have approximately $202.3 million remaining under the authorized repurchase program. Our divisional revenue and gross margins are detailed below: BUSINESS UNIT SUMMARY FINANCIALS (UNAUDITED) THREE MONTHS ENDED July 1, 2012 PSD^1 MPD^1 DCD^1 Core Emerging Consolidated Semi^2 Tech.^3 REVENUE ($M) 96.1 83.0 20.4 199.5 1.8 201.3 Percentage of 47.8 % 41.2 % 10.1 % 99.1% 0.9% 100.0% total revenues GROSS MARGIN (%) On a non-GAAP^4 54.1 % 64.2 % 53.9 % 58.3% -77.7% 57.0% basis On a GAAP basis 50.3 % 60.3 % 50.0 % 54.4% -98.6% 53.0% THREE MONTHS ENDED April 1, 2012 PSD^1 MPD^1 DCD^1 Core Emerging Consolidated Semi^2 Tech.^3 REVENUE ($M) 81.5 81.9 20.0 183.4 1.7 185.1 Percentage of 44.0 % 44.3 % 10.8 % 99.1% 0.9% 100.0% total revenues GROSS MARGIN (%) On a non-GAAP^4 54.3 % 61.6 % 51.6 % 57.3% -104.7%^5 55.7% basis On a GAAP basis 46.7 % 59.2 % 35.2 % 51.1% -107.0%^5 49.6% 1. PSD – Programmable Systems Division; DCD – Data Communications Division; MPD – Memory Products Division. 2. "Core Semiconductor" – Includes PSD, DCD and MPD and excludes "Emerging Technology." "Emerging Technology" – Businesses outside our core semiconductor 3. businesses outlined in footnote 2. Includes subsidiaries Cypress Envirosystems Inc., AgigA Tech Inc., and Deca Technologies Inc., and our foundry-support business. Refer to "Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures" and "Notes to Non-GAAP Financial Measures" following this press 4. release for a detailed discussion of management's use of non-GAAP financial measures, as well as reconciliations of all non-GAAP financial measures presented in this press release to the most directly comparable GAAP financial measures. The dramatic decline in ETD gross margin is due to the reclassification 5. of the factory expenses of Deca Technologies Inc. from the R&D line to the cost of goods sold line as its revenue ramp commences. SECOND-QUARTER 2012 HIGHLIGHTS + Cypress rolled out its Design Win Replication (DWR) program. The purpose of the program is to identify particular market segments where Cypress products (particularly PSoC) have been successful and to replicate those successes worldwide. Two examples of past DWR successes are Cypress's CapSense^® capacitive button technology and TrueTouch touchscreen technology, both of which are now successful standalone businesses. PSoC's configurability allows us to enter new markets quickly. The DWR business process is designed to support "hot" new markets and provide them with ready-to-manufacture solutions and full engineering support. A typical DWR solution starts with a PSoC chip for which special solution-specific "Components" have been created. A Component is a virtual chip inside PSoC, which uses a fraction of the chip's resources to integrate a function that would typically be performed using a separate IC in a system design. In the design phase, Components reside in PSoC Creator™ design software, represented as icons that are dragged and dropped to design system-level solutions. When the PSoC Creator design is subsequently used to program a PSoC chip, all of the circuit blocks, interconnections and firmware required to implement virtual chips are automatically created and connected in a PSoC one-chip system. Examples of PSoC Components in the PSoC Creator library include a family of analog-to-digital converters, a family of serial communication interfaces (I^2C, UART, SPI, etc.) and a complete ARM Cortex M3 microcontroller, including all of its memories. Designing with Components in PSoC Creator design software is very much like designing with ordinary ICs on a printed circuit board in the old paradigm. The DWR solutions for PSoC take the PSoC Creator design environment to the next level. Special application-specific Components are created to solve a specialized system-level problem such as the Power Monitor required for all electronic systems. These systems may have 25 or more power supplies that each must be regulated to varying supply voltages with tight precision; for example, 1.200 ± 0.050 volts. In addition to precise supply voltage control, the power supplies must be monitored for brown outs and glitches. Finally, when large systems (such as routers, servers, etc.) are turned on and off, the power supplies must turn on not only in a specified sequence but also with a tightly controlled rate. The usual solution for the Power Monitor is a board full of discrete ICs. All of those ICs are available as Components in PSoC. The new, application-specific Component in the DWR paradigm is the Voltage Sequencer Component, which performs all of the Power Monitor functions described above on 16 separate power supplies. To design using the Voltage Sequencer Component, its icon is simply dragged and dropped into a design in PSoC Creator and the function is automatically programmed into a PSoC chip. The Voltage Sequencer Component then is further configured in Creator software by entering specific power supply requirements into a graphical user interface. The entire Power Monitor design process can be done by an expert designer in less than one hour, compared with the conventional design process, which takes weeks or months. We have found that our PSoC 3 chip has an overwhelming advantage in the Power Monitor market—hence we created the DWR program to take it to customers worldwide in a single campaign. The second DWR solution released in the quarter was for a PSoC-based Fan Controller that manages up to 16 fans. Cooling is another critical function in large systems that require sophisticated fan control. Typically, the speed of a fan can be controlled precisely by an electronic circuit. The engineering state of the art is to measure the temperature that must be controlled and run the fan at the exact rpm required to control that temperature. The Fan Controller DWR solution allows for quick design of a precisely controlled 16-fan system, enough to support a relatively large electronic system. + Longcheer, a new Cypress TrueTouch customer and the market leader in China's mobile phone design industry, selected Cypress's TrueTouch single-layer capacitive touchscreen solution for a new smartphone customized for China Unicom, one of China's major mobile telecom carriers. Cypress's single-layer sensor provides high-performance touchscreen accuracy and responsiveness with the low cost of a true single-layer sensor panel, significantly reducing the cost of the most expensive component of the touchscreen. + IDS Imaging Development Systems, a global leader in medical- and machine-vision cameras, selected Cypress's EZ-USB^® FX3™ controller as the high-speed USB 3.0 interface for its uEye^® CP Camera series. The fast-growing USB 3.0 interface delivers 5-Gbps speed, 10 times greater than the preceding USB 2.0 standard. + Cypress, Nuvation Research Corp. and Arrow Electronics introduced a new SuperSpeed interface board for Altera FPGAs. This board enables users to prototype a simpler, uncompressed, cost-effective alternative to traditional slower interfaces such as USB 2.0 and Gigabit Ethernet. The board utilizes Cypress's EZ-USB FX3 controller to accelerate the development of high-quality streaming video, imaging and data acquisition applications. + Cypress announced that Traxxas, one of the leading providers of ready-to-run (RTR) radio-controlled hobby vehicles, selected Cypress's WirelessUSB™-LP 2.4-GHz radio-on-chip for its new XO-1 radio controlled supercar. The XO-1 is capable of going from 0 to 100 mph in just 4.9 seconds. The WirelessUSB-LP device was selected for its long range, low latency and best-in-class interference immunity in noisy environments. + BORND, a leading PC peripheral manufacturer, selected Cypress's 2.4-GHz WirelessUSB-NL radio-on-chip for its next-generation E220 wireless mouse. WirelessUSB-NL's low power consumption enables two AA batteries to power the E220 mouse for up to three years. + Cypress announced that over 50,000 users have now registered for the Cypress Developer Community™, an online forum where customers interact to create content and answer questions along with Cypress engineers. The developer community (www.developer.cypress.com) includes a growing collection of more than 140 videos and 12 blogs written by technical experts. + Cypress announced that it has negotiated a highly flexible five-year senior secured revolving credit facility. The facility enables the company to borrow up to $430 million on a revolving basis for working capital, acquisitions, stock repurchases and other general corporate purposes. + Cypress announced that its Board of Directors approved a quarterly cash dividend of $0.11 per share, payable to holders of record of the company's common stock at the close of business on June 28, 2012. The dividend will be paid today, July 19, 2012. + Cypress announced that it submitted a proposal to Ramtron International Corporation (NASDAQ:RMTR) to acquire all of its outstanding stock for $2.48 per share in cash. Cypress later commenced a tender offer to acquire all of the outstanding common stock of Ramtron for $2.68 per share in cash, a 48% premium over Ramtron's closing price before Cypress's first offer. The all-cash tender offer, which is not conditioned on due diligence or financing, provides Ramtron's stockholders with immediate liquidity at a substantial premium in a very volatile market. + Cypress announced that it has defeated GSI's attempt to invalidate one of the patents Cypress asserted against GSI Technology, Inc. in both the International Trade Commission's patent infringement case and the Minnesota federal district court case filed by Cypress. The U.S. Patent and Trademark Office (PTO) has completed its re-examination of Cypress's U.S. Patent No. 7,142,477 and confirmed its validity. In addition, the PTO also expanded the scope of the patent by allowing 64 new claims added by Cypress during the re-examination. + Cypress named semiconductor industry veteran Kazuyoshi Yamada Country Manager of its Cypress Japan subsidiary. Yamada has served in senior semiconductor leadership roles at NEC and Renesas, where he ran the embedded systems and memory design businesses. He replaces Hitoshi Yoshizawa, who retired after a distinguished career of 40 years. Cypress's revenue from Japan grew over 80 percent under Dr. Yoshizawa's leadership. ABOUT CYPRESS Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC 1, PSoC 3, and PSoC 5 programmable system-on-chip families and derivatives, CapSense touch sensing and TrueTouch solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge solution that enhances connectivity and performance in multimedia handsets, PCs and tablets. Cypress is also the world leader in SRAM memories. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com. FORWARD-LOOKING STATEMENTS Statements herein that are not historical facts and that refer to Cypress or its subsidiaries' plans and expectations for Q3 of fiscal year 2012 and beyond are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. We may use words such as "believe," "expect," "future," "plan," "intend" and similar expressions to identify such forward-looking statements that include, but are not limited to, statements related to the semiconductor market, the strength and growth of our proprietary and programmable products, our expectations regarding our Q312 leadtimes, revenue growth, earnings, profit and cash flow; the results of our return on capital strategies, including our dividend and stock repurchase programs; our expectations regarding the demand for our products and how are products are expected to perform as well as the benefits we can bring to Ramtron's customers. Such statements reflect our current expectations, which are based on information and data available to our management as of the date of this release. Our actual results may differ materially due a variety of uncertainties and risk factors, including but not limited to our ability to enter into and close on a transaction with Ramtron, our ability to use our operating leverage to increase cash flow and generate a high return on equity, the state of and future of the global economy, business conditions and growth trends in the semiconductor market, our ability to enter into new markets and penetrate existing markets with our portfolio of products, whether our products perform as expected, whether the demand for our proprietary and programmable products is fully realized, whether our product and design wins result in increased sales, our ability to manage our business to have strong earnings, restrained operating expenses and cash flow leverage, factory utilization, the strength or softness of the markets we serve, our ability to maintain and improve our gross margins and realize our bookings, the financial performance of our subsidiaries and Emerging Technology Division, and other risks described in our filings with the Securities and Exchange Commission. We assume no responsibility to update any such forward-looking statements. Cypress, the Cypress logo, TrueTouch, PSoC, EZ-USB, CapSense and West Bridge are registered trademarks, and PSoC Creator, FX3 and WirelessUSB are trademarks of Cypress Semiconductor Corp. All other trademarks or registered trademarks are the property of their respective owners. CYPRESS SEMICONDUCTOR CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) July 1, January 1, 2012 2012 ASSETS Cash, cash equivalents and $ 210,804 $ 166,330 short-term investments Accounts receivable, net 126,190 103,524 Inventories (a) 91,376 92,304 Property, plant and 276,063 284,979 equipment, net Goodwill and other 37,922 40,462 intangible assets, net Other assets 139,052 122,491 Total assets $ 881,407 $ 810,090 LIABILITIES AND EQUITY Accounts payable $ 55,901 $ 52,868 Deferred margin on sales to 148,570 150,568 distributors Income tax liabilities 44,372 43,239 Other liabilities 184,896 165,573 Long-term revolving credit 153,000 - facility Total liabilities 586,739 412,248 Total Cypress stockholders' 299,318 400,267 equity Noncontrolling interest (4,650 ) (2,425 ) Total equity 294,668 397,842 Total liabilities and equity $ 881,407 $ 810,090 (a) Inventories include $4.3 million and $4.6 million of capitalized inventories related to stock-based compensation expense, as of July 1, 2012 and January 1, 2012, respectively. CYPRESS SEMICONDUCTOR CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ON A GAAP BASIS (In thousands, except per-share data) (Unaudited) Three Months Ended July 1, April 1, July 3, 2012 2012 2011 Revenues $ 201,300 $ 185,089 $ 254,978 Cost of revenues 94,531 93,308 115,958 Gross margin 106,769 91,781 139,020 Operating expenses: Research and development 47,946 47,968 49,278 Selling, general and administrative 51,955 60,494 58,482 Amortization of acquisition-related 731 731 731 intangibles Restructuring charges 989 228 3,798 Total operating expenses, net 101,621 109,421 112,289 Operating income (loss) 5,148 (17,640 ) 26,731 Interest and other income (expense), 1 334 (522 ) net Income (loss) before income taxes 5,149 (17,306 ) 26,209 Income tax provision (benefit) 517 2,465 (14,433 ) Income (loss), net of taxes 4,632 (19,771 ) 40,642 Adjust for net loss attributable to 345 311 181 noncontrolling interest Net income (loss) attributable to $ 4,977 $ (19,460 ) $ 40,823 Cypress Net income (loss) per share attributable to Cypress: Basic $ 0.03 $ (0.13 ) $ 0.24 Diluted $ 0.03 $ (0.13 ) $ 0.21 Cash dividend declared per share $ 0.11 $ 0.11 $ 0.09 Shares used in net income (loss) per share calculation: Basic 151,765 154,022 168,723 Diluted 164,605 154,022 192,276 CYPRESS SEMICONDUCTOR CORPORATION RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (a) (In thousands) (Unaudited) Three Months Ended July 1, 2012 Core Semi Emerging PSD (b) MPD (b) DCD (b) (c) Technologies Consolidated (d) GAAP gross $ 48,315 $ 50,049 $ 10,209 $ 108,573 $ (1,804 ) $ 106,769 margin Stock-based compensation 3,705 3,197 787 7,689 70 7,759 expense Changes in value of deferred (19 ) (16 ) (4 ) (39 ) (1 ) (40 ) compensation plan Impairment of assets - - - - 314 314 and other Non-GAAP $ 52,001 $ 53,230 $ 10,992 $ 116,223 $ (1,421 ) $ 114,802 gross margin Three Months Ended April 1, 2012 Core Semi Emerging PSD (b) MPD (b) DCD (b) (c) Technologies Consolidated (d) GAAP gross $ 38,105 $ 48,505 $ 7,021 $ 93,631 $ (1,850 ) $ 91,781 margin Stock-based compensation 1,779 1,787 435 4,001 38 4,039 expense Changes in value of deferred 116 116 28 260 2 262 compensation plan Patent 4,283 - 2,817 7,100 - 7,100 license fee Non-GAAP $ 44,283 $ 50,408 $ 10,301 $ 104,992 $ (1,810 ) $ 103,182 gross margin Three Months Ended July 3, 2011 Core Semi Emerging PSD (b) MPD (b) DCD (b) (c) Technologies Consolidated (d) GAAP gross $ 67,496 $ 55,297 $ 16,681 $ 139,474 $ (454 ) $ 139,020 margin Stock-based compensation 3,266 2,565 848 6,679 35 6,714 expense Changes in value of deferred (1 ) (1 ) - (2 ) - (2 ) compensation plan Non-GAAP $ 70,761 $ 57,861 $ 17,529 $ 146,151 $ (419 ) $ 145,732 gross margin (a) Refer to the accompanying "Notes to Non-GAAP Financial Measures" for a detailed discussion of management's use of non-GAAP financial measures. (b) PSD - Programmable Systems Division; DCD - Data Communications Division; MPD - Memory Products Division. (c) "Core Semi" – Includes PSD, DCD and MPD and excludes "Emerging Technologies." "Emerging Technologies" – Activities outside our core semiconductor (d) businesses outlined in footnote (c). Includes majority-owned subsidiaries Cypress Envirosystems Inc., AgigA Tech Inc. and Deca Technologies Inc. CYPRESS SEMICONDUCTOR CORPORATION RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (a) (In thousands, except per-share data) (Unaudited) Three Months Ended July 1, April 1, July 3, 2012 2012 2011 GAAP research and development $ 47,946 $ 47,968 $ 49,278 expenses Stock-based compensation expense (5,480 ) (6,913 ) (6,941 ) Changes in value of deferred 89 (423 ) (57 ) compensation plan Non-GAAP research and development $ 42,555 $ 40,632 $ 42,280 expenses GAAP selling, general and $ 51,955 $ 60,494 $ 58,482 administrative expenses Stock-based compensation expense (8,991 ) (17,785 ) (16,085 ) Acquisition-related expenses (2,003 ) - - Changes in value of deferred 183 (1,254 ) 3 compensation plan Loss on sale of asset - - (1,901 ) Impairment of assets and other - 47 178 Non-GAAP selling, general and $ 41,144 $ 41,502 $ 40,677 administrative expenses GAAP operating income (loss) $ 5,148 $ (17,640 ) $ 26,731 Stock-based compensation expense 22,230 28,737 29,740 Patent license fee - 7,100 - Changes in value of deferred (312 ) 1,939 52 compensation plan Acquisition-related expense 2,734 731 731 Restructuring charges 989 228 3,798 Loss on sale of asset - - 1,901 Impairment of assets and other 315 (47 ) (178 ) Non-GAAP operating income $ 31,105 $ 21,048 $ 62,775 GAAP net income (loss) attributable $ 4,977 $ (19,460 ) $ 40,823 to Cypress Stock-based compensation expense 22,230 28,737 29,740 Patent license fee - 7,100 - Impairment of assets and other 315 2,022 (178 ) Acquisition-related expense 2,734 731 731 Restructuring charges 989 228 3,798 Changes in value of deferred 530 (555 ) 52 compensation plan Loss on sale of asset - - 1,901 Investment-related losses (gains) - - (24 ) Gain (loss) on foreign currency (1,049 ) - - transaction Tax effects (428 ) 1,727 (13,850 ) Non-GAAP net income attributable to $ 30,298 $ 20,530 $ 62,993 Cypress GAAP net income (loss) per share $ 0.03 $ (0.13 ) $ 0.21 attributable to Cypress - diluted Stock-based compensation expense 0.14 0.17 0.15 Patent license fee - 0.04 - Impairment of assets and other - 0.01 - Acquisition-related expense 0.02 0.01 - Restructuring charges 0.01 - 0.02 Loss on sale of asset - - 0.01 Gain (loss) on foreign currency (0.01 ) - - transaction Tax effects - 0.01 (0.07 ) Non-GAAP share count adjustment - 0.01 - Non-GAAP net income per share $ 0.18 $ 0.12 $ 0.32 attributable to Cypress - diluted (a) Refer to the accompanying "Notes to Non-GAAP Financial Measures" for a detailed discussion of management's use of non-GAAP financial measures. CYPRESS SEMICONDUCTOR CORPORATION SUPPLEMENTAL FINANCIAL DATA (In thousands) (Unaudited) Three Months Ended Six Months Ended July 1, April 1, July 3, July 1, July 3, 2012 2012 2011 2012 2011 Selected Cash Flow Data (Preliminary): Net cash provided by $ 43,303 $ 16,327 $ 76,870 $ 59,630 $ 112,213 operating activities Net cash provided by (used in) $ (49,477 ) $ 1,493 $ 46,624 $ (47,984 ) $ 77,335 investing activities Net cash provided by (used in) $ 63,152 $ (56,253 ) $ 37,061 $ 6,899 $ (172,578 ) financing activities Other Supplemental Data (Preliminary): Capital $ 9,741 $ 9,975 $ 34,282 $ 19,716 $ 53,591 expenditures Depreciation $ 11,668 $ 10,682 $ 13,493 $ 22,350 $ 25,866 CYPRESS SEMICONDUCTOR CORPORATION CONSOLIDATED DILUTED EPS CALCULATION (In thousands, except per-share data) (Unaudited) Three Months Ended July 1, April 1, July 3, 2012 2012 2011 GAAP Non-GAAP GAAP Non-GAAP GAAP Non-GAAP Net income (loss) $ 4,977 $ 30,298 $ (19,460 ) $ 20,530 $ 40,823 $ 62,993 attributable to Cypress Weighted-average common shares 151,765 151,765 154,022 154,022 168,723 168,723 outstanding (basic) Effect of dilutive securities: Stock options, unvested 12,840 16,075 - 20,549 23,553 27,571 restricted stock and other Weighted-average common shares outstanding for 164,605 167,840 154,022 174,571 192,276 196,294 diluted computation Net income (loss) per share $ 0.03 $ 0.20 $ (0.13 ) $ 0.13 $ 0.24 $ 0.37 attributable to Cypress - basic Net income (loss) per share attributable to $ 0.03 $ 0.18 $ (0.13 ) $ 0.12 $ 0.21 $ 0.32 Cypress - diluted July 1, April 1, July 3, 2012 2012 2011 Average stock price for the $13.69 $17.19 $20.71 period ended Common stock outstanding at 151,470 151,690 171,241 period end (in thousands) Outstanding as of July 3, 2011 included unvested restricted stock awards of approximately 1.0 million shares. Notes to Non-GAAP Financial Measures To supplement its consolidated financial results presented in accordance with GAAP, Cypress uses non-GAAP financial measures which are adjusted from the most directly comparable GAAP financial measures to exclude certain items, as described in details below. Management believes that these non-GAAP financial measures reflect an additional and useful way of viewing aspects of Cypress's operations that, when viewed in conjunction with Cypress's GAAP results, provide a more comprehensive understanding of the various factors and trends affecting Cypress's business and operations. Non-GAAP financial measures used by Cypress include: • Gross margin; • Research and development expenses; • Selling, general and administrative expenses; • Operating income (loss); • Net income (loss); and • Diluted net income (loss) per share. Cypress uses each of these non-GAAP financial measures for internal managerial purposes, when providing its financial results and business outlook to the public, and to facilitate period-to-period comparisons. Management believes that these non-GAAP measures provide meaningful supplemental information regarding Cypress's operational and financial performance of current and historical results. Management uses these non-GAAP measures for strategic and business decision making, internal budgeting, forecasting and resource allocation processes. In addition, these non-GAAP financial measures facilitate management's internal comparisons to Cypress's historical operating results and comparisons to competitors' operating results. Cypress believes that providing these non-GAAP financial measures, in addition to the GAAP financial results, are useful to investors because they allow investors to see Cypress's results "through the eyes" of management as these non-GAAP financial measures reflect Cypress's internal measurement processes. Management believes that these non-GAAP financial measures enable investors to better assess changes in each key element of Cypress's operating results across different reporting periods on a consistent basis. Thus, management believes that each of these non-GAAP financial measures provides investors with another method for assessing Cypress's operating results in a manner that is focused on the performance of its ongoing operations. There are limitations in using non-GAAP financial measures because they are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. In addition, non-GAAP financial measures may be limited in value because they exclude certain items that may have a material impact upon Cypress's reported financial results. Management compensates for these limitations by providing investors with reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP financial measures. The non-GAAP financial measures supplement, and should be viewed in conjunction with, GAAP financial measures. Investors should review the reconciliations of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the accompanying press release. As presented in the "Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures" tables in the accompanying press release, each of the non-GAAP financial measures excludes one or more of the following items: • Stock-based compensation expense. Stock-based compensation expense relates primarily to the equity awards such as stock options and restricted stock. Stock-based compensation is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Cypress's control. As a result, management excludes this item from Cypress's internal operating forecasts and models. Management believes that non-GAAP measures adjusted for stock-based compensation provide investors with a basis to measure Cypress's core performance against the performance of other companies without the variability created by stock-based compensation as a result of the variety of equity awards used by companies and the varying methodologies and subjective assumptions used in determining such non-cash expense. • Changes in value of Cypress's key employee deferred compensation plan. Cypress sponsors a voluntary deferred compensation plan which provides certain key employees with the option to defer the receipt of compensation in order to accumulate funds for retirement. The amounts are held in a trust and Cypress does not make contributions to the deferred compensation plan or guarantee returns on the investment. Changes in the value of the investments under the plan are excluded from the non-GAAP measures. Management believes that such non-cash item is not related to the ongoing core business and operating performance of Cypress, as the investment contributions are made by the employees themselves. • Restructuring charges. Restructuring charges primarily relate to activities engaged by management to make changes related to its infrastructure in an effort to reduce costs. Restructuring charges are excluded from non-GAAP financial measures because they are not considered core operating activities and such costs have not historically occurred in each year. Although Cypress has engaged in various restructuring activities in the past, each has been a discrete event based on a unique set of business objectives. As such, management believes that it is appropriate to exclude restructuring charges from Cypress's non-GAAP financial measures as it enhances the ability of investors to compare Cypress's period-over-period operating results from continuing operations. • Gains on divestitures. Cypress recognizes gains resulting from the exiting of certain non-strategic businesses that no longer align with Cypress's long-term operating plan. Cypress excludes these items from its non-GAAP financial measures primarily because it is not reflective of the ongoing operating performance of Cypress's business and can distort the period-over-period comparison. • Building donation. Cypress committed to donate an unused building to a charitable entity. Cypress excludes these items because the expense is not reflective of its ongoing operating results. Excluding this data allows investors to better compare Cypress's period-over-period performance without such expense. • Acquisition-related expense. Acquisition-related expense primarily includes: (1)amortization of intangibles, which include acquired intangibles such as purchased technology, patents and trademarks, (2) costs such as advisory, legal, accounting and other professional or consulting fees related to acquisitions, and (3)earn-out compensation expense, which include compensation resulting from the achievement of milestones established in accordance with the terms of the acquisitions. In most cases, these acquisition-related charges are not factored into management's evaluation of potential acquisitions or Cypress's performance after completion of acquisitions, because they are not related to Cypress's core operating performance. Adjustments of these items provide investors with a basis to compare Cypress against the performance of other companies without the variability caused by purchase accounting. • Investment-related gains/losses. Investment-related gains/losses primarily include: (1) impairment loss related to Cypress's investment when it determines the decline in fair value is other-than-temporary in nature, and (2)gains/losses related to the sales of its debt and equity investments. These items are excluded from non-GAAP financial measures because they are not related to the core operating activities and operating performance of Cypress, and in most cases, such transactions have not historically occurred in every quarter. As such, management believes that it is appropriate to exclude investment-related gains/losses from Cypress's non-GAAP financial measures, as it enhances the ability of investors to compare Cypress's period-over-period operating results. • Impairment of assets. Cypress wrote down the book value of certain assets to their estimated fair value as management determined these assets will be donated, sold or will have no future benefit. Cypress excludes these items because the expense is not reflective of its ongoing operating results. Excluding this data allows investors to better compare Cypress's period-over-period performance without such expense. • Tax effects. Cypress adjusts for the income tax effect that resulted from the non- GAAP adjustments as described above. Additionally, Cypress also excludes the impact of items that are related to historical activities in nature and not reflective of the ongoing operating results of Cypress. Contact: Cypress Semiconductor Corp. Brad W. Buss, 408-943-2754 EVP Finance & Administration and CFO or Joseph L. McCarthy, 408-943-2902 Director Corporate Communications
Cypress Reports Second-Quarter 2012 Results
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Police say no statute governs where wheelchairs can be ridden
Man in motorized chair struck and killed Tuesday evening
EVANSVILLE - One day after an Evansville man in a motorized wheelchair died when it was struck by a car, a police spokesman said there is no statute governing where wheelchairs can be operated.
"An electric wheelchair does not meet the definition of a motor vehicle as defined by Indiana state law, so it is not subject to the same guidelines as a motor vehicle," said Evansville Police Sgt. Jason Cullum.
Stephen Ellison, 67, of Evansville, was traveling west in his motorized wheelchair in the right lane of Covert Avenue on Tuesday evening when he was struck from behind by a 2000 Volvo VXS driven by Bryce Klueh, 27, of Evansville, according to an Evansville Police Department report.
The accident occurred near McGary Middle School.
According to the accident report, a motorist had called 911 about a man in a motorized scooter on Covert Avenue that had no lights and officers were en route to investigate when the accident occurred.
Klueh was looking down to do something in his car, according the report, and did not see Ellison.
Ellison was taken to St. Mary's Medical Center, where he was pronounced dead Tuesday night.
Klueh was arrested and lodged in the Vanderburgh County Jail on preliminary charges of possession of marijuana, possession of drug paraphernalia and operating a motor vehicle while intoxicated and causing a death.
Blood test results for both Ellison and Klueh won't be available for a few weeks, police say.
Cullum suggested users of motorized wheelchairs follow the requirements needed to operate a bicycle at night.
"People should install a lamp in the front that is a white light and a lamp in the rear that is a red light." Both should be visible by a minimum of 500 feet, Cullum said.
The manufacturer of the wheelchair, Pride Mobility, was not available for comment Wednesday. However, according to the owner's manual for the Jazzy Select model that Ellison was driving, users should not operate the "power chair on public streets and roadways" and that it may be difficult for traffic to see the user when they are seated in the chair.
According to the Pride Mobility website, the top speed of a Jazzy Select wheelchair is 5 mph. The speed limit at the scene of the accident is 35 mph.
Cullum said while there is no law that requires it, people operating motorized wheelchairs on the road should follow the same rules of the road as drivers do.
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Posted 01/14/2014 12:51:19 EST
Tom Keane seems to be inclined to believe that Chris Christie vindicated himself with his exhaustive press conference. If nothing else, Christie demonstrated a strong sense of political interchange. more »
Posted 11/29/2012 02:44:57 EST
Humphries is an obnoxious character, but he doesn't play "out of control;" he's just a bully. Maybe the Celtics should consider getting another Jim Luscotoff type enforcer. How about Kenyon Martin? more »
Posted 08/06/2012 11:11:34 EDT
Your editorial seems to have emboldened a large number of anti-gay bigots to chime in. more »
Posted 08/06/2012 11:07:58 EDT
His approach was heavy-handed, but the Mayor was on the right side of the issue. It's silly to declare that Menino hurt gay marriage. more »
Posted 07/02/2012 03:42:39 EDT
I'm happy to learn that Ainge wants to sign Jeff Green. I think Green can give the Celtics much more than he did previously, especially with the opportunity to participate with the team in training ca more »
Posted 04/13/2011 11:50:24 EDT
Dan, I'm glad you alerted me to the fact that Kendrick Perkins was the indispensable force in the Celtics' machine. I've certainly been naive about the real workings of the team for the past few years more »
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The Department of Natural Resources is reporting rare sightings of whooping cranes in Rice and Le Sueur counties. Local DNR Informational Officer Scott Roemhildt says the birds likely came from a Wisconsin flock of whooping cranes which had migrated from Florida. The bird is a critically imperiled North American species. There were only 16 whooping cranes left in the world in 1940 when the Wisconsin flock was formed. Roemhildt says anyone who spots the birds in the local area should use caution not to disturb the birds and report the sighting to the DNR. Hunters are asked to be careful this fall as well, so they do not mistake a whooping crane for other migratory waterfowl.
Whooping Cranes In Southern MN


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Cattle Decapitation
Cattle Decapitation Unveils New Track 'Mammals In Babylon' From Forthcoming Full-Length Via Revolver Magazine. Massive Summer Slaughter Contest Launched and Album Party Show draws near.Read More
Revocation will hit the road this September and October. The tour, which is being presented by Gear Gods, featured support from Cannabis Corpse, Archspire, and Black Fast.Read More
Today the band unleashes another scorching track from 'Rise To Power'. Loudwire is exclusively premiering the song entitled 'Spoiled'. Get your first listen to the track HERE.Read More
Twitching Tongues
Twitching Tongues recently flew across the Atlantic to perform a string of dates across Europe with fellow SoCal hardcore act, Disgrace. The tour included a June 19th performance at the tenth anniversary edition of Hellfest.Read More
The Black Dahlia Murder
The Black Dahlia Murder have returned with the much-anticipated, new full-length album 'Abysmal'. The world's first look into 'Abysmal' is via the track, 'Vlad, Son of The Dragon,' which is streaming now.Read More
Act of Defiance
In a time of endless sub-genre classifications, Act of Defiance's highly anticipated debut offering simply delivers in-your-face, uncompromising heavy metal. The scathing debut, 'Birth and The Burial', is set for an Aug. 21st release.Read More
Between the Buried and Me
Progressive metal band Between the Buried and Me have premiered the third single from 'Coma Ecliptic'! The track, titled 'Famine Wolf', is streaming now on Metal Injection!Read More
New Releases
Upcoming Releases
Latest News
THE BLACK DAHLIA MURDER announce "Everblack"; first track streaming now
- April 9th, 2013 – The Black Dahlia Murder's sixth full-length...Read More
ABIOTIC release brand new music video for "Facades"
- April 9th, 2013 – ABIOTIC has launched their new music video,...Read More
THE OCEAN: Spin Magazine Streams Instrumental Version of Pelagial In Its Entirety
- April 8th, 2013 – Band To Return To North America On The 7th Annual...Read More
SHAI HULUD to play European headline tour right after the PROPAGANDHI support tour!
- April 8th, 2013 – American Hardcore veterans SHAI HULUD have...Read More
Swedish Doom Metallers MEMORY GARDEN releases third and final single
- April 8th, 2013 – 'Daughters Of The Sea' of new album ...Read More
King Diamond and Volbeat Release Free Download
- April 5th, 2013 – Volbeat's latest album, "Outlaw...Read More
CATHEDRAL cover issue of Decibel Magazine on newsstands now
- April 4th, 2013 – Final music video, "Tower of Silence",...Read More
PYRITHION releases "The Burden of Sorrow" studio video
- April 3rd, 2013 – "The Burden of Sorrow" to be released...Read More


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Short on time? Take our quick tour of current smart grid market research
Sometimes there just isn't enough time in the day to scan through all of the smart grid market research available. That's why we offer readers a quick tour of selected recent research. Read on for a look at industry forecasts and reports.
Electric utilities in the US are expanding their use of social media and mobile applications to improve smart grid benefits and better engage with their customers. Of the 50 largest utilities, 49 currently have active Twitter accounts, all have Facebook accounts and 15 have mobile apps. These media are critical in reaching customers during power outages but also in providing energy savings tips, bill pay and other customer engagement services, according to a new study published by Northeast Group, LLC. Read more >>
According to a new tracker report from Navigant Research, there are now more than 388 remote microgrid projects in operation, under development, or proposed worldwide - almost as many as all other segments combined. In terms of capacity, however, the market is now led by the community/utility segment, with a total capacity of 1,111 megawatts (MW) as of the first quarter of 2014, according to the report. Read more >>
Thanks to strong encouragement from North American countries for the implementation of Combined Heat and Power (CHP) technology, the region's CHP installed capacity is expected to increase from an estimated 93.5 Gigawatts (GW) in 2014 to 115.9 GW by 2020, at a Compound Annual Growth Rate (CAGR) of 3.6%, forecasts research and consulting firm GlobalData. Read more >>
IDC Energy Insights announced a new report, "Business Strategy: IDC Maturing Model Benchmark - Big Data and Analytics in Utilities in North America," which presents the results of the first IDC BDA Maturity Model benchmark based on a study of 760 organizations including 59 utility companies at $500+ million in revenue. Read more >>


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Field Hockey Unveils 2015 Schedule
2015 Villanova Field Hockey Schedule
Villanova field hockey head coach Joanie Milhous unveiled the upcoming 2015 schedule on Thursday, June 18th.
USA Rolls Past Eygpt 92-50 to Complete Pool Play
Team USA wrapped up pool play at the U19 World Championship in Greece with a win over Eygpt.
Nova Notebook: Paschall Feels At Home As a Wildcat
Eric Paschall is spending the summer getting to know his new teammates, coaches, and community.
USA Downs Croatia 103-91 at U19 World Championship
Villanova bound Jalen Brunson added 10 points with eight assists as Team USA rolled past Croatia in an impressive win Sunday.
USA Rolls Past Iran in U19 World Championship Opener
Team USA opened preliminary play with an 83-53 win over Iran at the U19 World Championship in Greece.
Rowing Team Heads to England For Famed Henley Women's Regatta
Henley Women's Regatta Official Site | The Draw | Senior Eights Bracket
The terrific season that the Villanova varsity eight boat has had will continue this weekend when the Wildcats compete in the famed Henley Women's Regatta in England. The opportunity travel overseas is a prestigious honor for Villanova, which is making its sixth trip to the Henley in the past 22 years. Racing begins on Friday afternoon for the Wildcats, who are one of nine teams competing in the Senior Eights category. Those nine teams will all be vying for the GP Jefferies Memorial Trophy.
Hilliard Selected in Second Round of NBA Draft by Detroit
Villanova's Darrun Hilliard (Liberty High School/Bethlehem, Pa.) was selected with the 38th overall selection in the 2015 National Association Draft on Thursday night.
Eight Brunson Assists Help USA to 86-75 'Friendly' Win Over Argentina
Team USA played its second exhibition game prior to the U19 World Championship and came away with an 86-75 win over Argentina.


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1. Wrap the chicken in plastic and flatten it.
2. Heat a pan. Add butter and olive oil.
3. Dredge the chicken pieces in flour, salt and pepper mixture.
4. Brown the pieces from both sides.
5. Place the chicken in a baking dish and put proscuitto ham over it.
6. Put mozzarella.
7. In the same pan, add butter and olive oil.
8. Saute shallots and mushrooms.
9. Add salt. Saute until soft and add dry wine.
10. Add oregano, thyme. Mix well.
11. Cook for about 10 minutes.
12. Mix chicken broth and flour and add it to pan.
13. Add sherry. Stir and then add heavy cream.
14. Cook until sauce thickens.
15. Pour the sauce over chicken and bake it for 10 minutes at 375 F.
For more information please visit: http://www.musclemealsonline.com/


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The Miami Dolphins have yet to get a win in the NFL. The losses and the frustration keep piling up for this team and they are considered front runners in the race for Stanford quarterback Andrew Luck.
FREE NFL PICKS: Check out Bookie Blitz for the updated NFL picks for week nine, and the latest links at the bottom of this article.
Their opposition on Sunday, the Kansas City Chiefs are on a roll and have won back-to-back divisional games heading into this game. The most recent win was against the San Diego Chargers on Monday night football. Now on a short week and playing against the hapless Dolphins, the Chiefs are primed for a letdown.
The Chiefs used to be very dominating at home, but the recent NFL trends indicate otherwise. The Chiefs are 4-12-1 ATS in their last 17 games as a favorite and 3-10-1 ATS in their last 14 games as a home favorite. The Chiefs are 3-8 ATS in their last 11 games when playing on Sunday following a Monday night game which also shows they are vulnerable off of a short week.
NFL Team Trend of The Game: Using the extensive database at NFL Team Trends I investigated this trend to find more support for the Dolphins. The database revealed the Dolphins since 2006 have been a great bet as road underdogs as they cover at a 60% clip (21-12-2 in the last 35 games). However the trend gets even better when you perform so more research. The Dolphins as road dogs when the total is greater than 39 are 11-6 against the spread and that cashes at 64%!
Find your own trends on this game when you sign up for free at NFL Team Trends.
The Dolphins are 20-6 ATS in their last 26 road games against a team with a winning home record, and have showed up to play in several road games this year and have been profitable for backers, although they have yet to win. The Dolphins played very well against the Giants and they are not quitting on their season. Head coach Tony Sparano may not have a job next year, but the Dolphins are still playing hard for him.
Matt Moore is getting comfortable under center and is starting to find chemistry with Brandon Marshall at wide out. The Chiefs bread and butter is running the ball, but surprisingly, the Dolphins defense can stop the run. After several bad games, Reggie Bush is starting to play top caliber football and will be a main cog on the offense in this game.
The Chiefs will struggle in this game as they are prone for a letdown. The Dolphins have tremendous value plus the points and deserve a look on the money line.
The upset of the week for week nine in the NFL is the Miami Dolphins. Take the points as insurance, but don't be surprised when the Dolphins get their first win over the season over the shell shocked Chiefs.
NFL Upset Week 9: Miami Dolphins +5
NFL-Week Nine Picks:
New York Giants vs. New England Patriots


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- New Holiday themed Templates & Stickers
- New 'clear text' button on entry screen
- Bug Fixes
Version 1.1 (Oct 25, 2012)
Ability to share via email
bug fixes


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This is where you can register for the temp position with Mark Nelson Enterprises who handles the production for the Equinox Autumnal Members Event. Please fill out the form below and look to the other pages for training information. ALL DATA ENTRY HERE WILL BE APPROVED BY MARK NELSON TO AVOID OVERBOOKING AND TO QUALIFY EACH PERSON. THANK YOU!
Some locations are fully blocked out, but if you were promised a location and don't see it here, contact Mark Nelson firstname.lastname@example.com Thank you!


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After the crime, the woman in her 80s said: "I'm still nervous when I go shopping and always look over my shoulder"
If you can sing, dance, act or are a dab hand at building sets and making sales then join the panto team
Hillingdon end the Championships with 15 club record breakers and 81 medals
Harefield Dogs Trust had a large delivery of duvets from Brunel University that would have otherwise gone to landfill
Officers have also arrested a man in connection with the dad-of-three's killing in Hillingdon this year
Uxbridge historically formed part of the parish of Hillingdon. As part of the suburban growth of London, it became a municipal borough in 1955. It is a significant retail and commercial centre with modern shopping centres, and is the location of Brunel University.
For the latest local news straight to your Twitter, Facebook feed or e-mail inbox.
Is there something happening in your area you would like us to report on?
getwestlondon.co.uk and the Ealing Gazette, Harrow Observer, Uxbridge Gazette, Hounslow Chronicle and Fulham & Hammersmith Chronicle are part of Trinity Mirror Southern, offering you unique access to our audience across the region online and in print.
We reach over 385,918* unique users a month with dedicated coverage of West London and the surrounding areas.
Over 78% of our visitors**, who view an average of 1,117,727* page impressions every month, are in the desirable ABC1 socio-economic groups.
To book an advert with the our advertising team call 07940 540350, email firstname.lastname@example.com or visit the Trinity Mirror Southern website trinitymirrorsouthern.co.uk for more information.
We are part of Trinity Mirror Southern, offering you unique access to our audience across the region online and in print.
Source: *Omniture (UK 6 month average Jan-Jun 2013). **JICREG 01/05/13
Editor-in-Chief, Trinity Mirror Southern
Marnie Wilson is Editor-in-Chief for Trinity Mirror Southern including www.getWestLondon and the Uxbridge Gazette, Ealing Gazette and the Hounslow Chronicle.
Editorial director of the award-winning www.getSurrey.co.uk, www.getHampshire.co.uk and print titles in Surrey and north east Hampshire for the last eight years, Marnie's role has expanded to include West London as well as www.getBucks.co.uk and print titles in Buckinghamshire.
She previously worked at the BBC as a producer for 5 Live, having moved to national radio from BBC Sussex and Surrey.


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I wanted to thank you for the excellent service and food. My mother was raised
in Jamestown, Rhode Island, so for her 70th Birthday we ordered all her
favorites. We had originally planned to go out to eat in one of the excellent
restaurants in Dallas.... more
A traditional favorite Shellfish, harvested daily from the pristine shores of Casco Bay. All Maine Steamer Clams are purged to reduced any grit and hand-picked for uniform quality. A two-pound net bag is plenty for two people.


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"You can talk to me about Tractors, cowboy boots and pickup trucks,
old cane poles and dirt roads and spittin' skoal in a Dixie cup
You can tell me all about your Grandpa and how he turned you on to Hank
If you gotta Tell Me How Country You Are, you know what, you probably ain't."
From that fiddle and steel-guitar drenched mid-tempo song, you know this ain't another exercise in bombastic southern rock influenced country music. In fact, listening to Craig Campbell is like the first time I heard Brad Paisley, Garth Brooks and Alan Jackson's debut albums. A star is born. Working with Keith Stegall in the producer's chair, Craig's bound to be compared to Alan Jackson the most, particularly with a vocal phrasing that recalls Alan at times but he's certainly his own artist.
Fans are most likely familiar with the hit debut single "Family Man." Written by Craig when his daughter was a newborn, the song strikes a chord with anyone who has struggled to put bread on the table for their family. The melody is inviting and the vocal is solid neo-traditionalist. The whole Craig Campbell album is bristling with hits. "When I Get It" is another song people living paycheck-to-paycheck will relate to as well. The lyrics discuss bill collectors, ex-wives and friendly bets but the most striking line might be "You can't get blood from a stone." We've heard "Blood from a turnip" but not this line. "I Bought It" finds Craig discussing how love sometime overtakes one's realities in life. The melodies of these two latter songs bristles with fiddles, steel guitars and there's no doubt Craig Campbell is a country singer and his years of singing at The Stage in Nashville have certainly helped him hone-in on who he is as a singer.
"Fish" is a likely single from Craig Campbell at some point and that'd be fine by me as it's an interesting song written by Craig with Ashe Underwood and Arlos Smith ("Mayberry"). The tune has a little 'southern rock' vibe to it but the fiddle's bristling in the background and yeah, there's some double entendres in the clever lyrics but for any guy who really does love fishing, they wanna catch themselves a woman who 'looks great with that rod in her hands.' I am actually surprised a song like this hadn't come out sooner, particularly from someone like Brad Paisley. If you're a fan of the laid-back tunes like "People Are Crazy" from Billy Currington, you will really like "Chillaxin', a tune perfect for a lazy warm day's playlist.
As a co-writer of all but "That Going Away Look (About Her)" and the album closer "All Night To Get There," each of the 11 tunes on Craig Campbell's self-titled album comes from parts of his life and if they didn't they're not stretches from his life. One thing's for sure. Craig Campbell's country and he certainly doesn't need to tell us how country he is. One of the best new albums I've heard so far this year. 2011 is shaping up to be a bumper crop full of great albums.
Buy: Amazon | iTunes (includes videos and exclusive bonus tracks) | Craig Campbell Website
Listen: "Fish" | "When I Get It" | "You Probably Ain't"
Watch: "Family Man"
Lyrics: Family Man


text:
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text:
My site has recently undergone the largest brute force attack that it has seen. Unaware of this, while at work I attempted to login to my account. I was automatically booted and forced to the "change your password" page. However, no matter what I do I receive an error stating:
ERROR: You have entered the wrong CAPTCHA phrase. Press your browser's back button and try again.
I am 100% certain that I am entering correct info (for when I setup my account). What tables do I need to change to enable me to log back in to my account?


text:
At halftime of Wednesday night's Western Conference semifinal Game 2 between the Thunder and Clippers, TNT studio analyst Kenny Smith went out on a limb and predicted another Thunder player besides Kevin Durant could win an MVP award: Russell Westbrook.
Remote patrol: Kenny Smith thinks Russell Westbrook could win an MVP of his own
"I'm going to make a bold statement," said Smith, noting he had predicted Durant's MVP award a few years back. "In two years, Russell Westbrook is going to win an MVP, if…"
That if, Smith said, depended on Westbrook realizing he could maximize his ability to thrive in two roles, as a point guard and No. 2 guard. He noted Clippers star guard Chris Paul didn't have that same ability.
"The difference is Chris Paul doesn't have the explosivenss or the ability to go into a 2 guard situation like he does. He one day will be getting the MVP award, I think," Smith said.
TNT studio analyst Charles Barkley laughed the prediction off, noting that Westbrook hasn't changed his game in three years and was a No. 2 guard playing the point.
"He just hasn't crossed the bridge where he learned to make the players around him better," Barkley said. "He still has the mind-set that I can get my shot anytime I want to."
Westbrook finished with a triple-double, his third of the playoffs, although the TNT game and studio announcers thought his 10th assist on Thabo Sefolosha's drive to the basket was generously credited by the Thunder stat crew.
"If that's an assist, I broke John Stockton's record," studio analyst Shaquille O'Neal said.
"That's home cooking if I've ever seen it," Smith said.
Durant's fast start
Game analyst Steve Kerr raved about KD's 17-point first quarter as the Thunder took a 37-28 lead.
Continue reading this story on the...


text: Star Wars is coming to Comic-Con Lando Calrissian could return to Star Wars 24 actress joins Star Wars Episode 7 Star Wars: Boba Fett spinoff in works? Star Wars 7 script still not finalized Star Wars 7 'refused release date delay' Star Wars 7 focus on story, says Kennedy Lucas confirms 'Star Wars 7' cast return Ewan McGregor wants 'Star Wars' spinoff Star Wars writer wants to "start fresh" Star Wars spinoffs on Han Solo, Boba Fett? 'Star Wars' stand-alone movies confirmed Jedi, Sherlock writers for Star Wars? Diane Keaton: 'Bulimia made life a lie' 'Superman' sequel seeks writer? 'Losers' director eyes 'Robotech'


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- Hometown: Halifax, Nova Scotia
- Current Resident of: Naples, Florida
- When I'm not online...: I'm an amateur photographer!
- Favorite website: www.naplesgarden.org
- Favorite travel website: www.TripAdvisor.com
- Favorite gardening resource: NBG Staff
- How did you discover the Garden?: I work here :)
- Are you a current Garden Member?: Absolutely!
- Favorite area in the Garden: So many to choose from! Probably the Walking Paths in the Uplands Preserve
- Favorite Garden memory: Night Lights- SO much fun!
- Favorite Garden event: Has to be Night Lights, best time of year.


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- Swedes may target Schibsted-owned publication
- Disheartening global displacement figures, says Norway's Jan Egeland
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Støre bans Sharia councils
Published on Wednesday, 23rd June, 2010 at 12:52 under the news category, by Michael Sandelson .
Last Updated on 23rd June 2010 at 13:07.
Jonas Gahr Støre, Labour's (Ap) Foreign Minister, has totally discounted the idea of establishing a Sharia council in Norway. He says a parallel court system is out of the question, arguing it does nothing to help integration.
Jonas Gahr Støre
Photo: © 2010 Jarle Vines/Wikimedia Commons
"I believe desegregation is our society's biggest social challenge. We must have a common fundament and a set of values anchored in universal principles of law if we are to succeed," he tells Aftenposten.
According the paper, Norwegian Imams and the National Courts Administration have already said they're open to the idea of establishing a council for civil matters such as divorce, inheritance, and domestic violence.
Støre, head of Labour's integration panel that's to present its report at next year's Party Conference, argues there's no place for a parallel system that makes judgements based on Islamic law. His Party has also given the principle the thumbs-down.
"We're a constitutional state based on democracy, freedom of speech and religion, as well as equal opportunities and status," says Støre.
Norwegian law forbids cultural traditions that discriminate against women, such as forced marriage and female circumcision.
"Practices not part of Norwegian culture shouldn't be able to obtain legitimacy from alternative court systems," he says.
"[But] increased diversity means our society will need both established and new conflict management methods. Many within the immigrant communities can help to solve disputes at a low level. I welcome this."
Støre also hopes the integration panel's work will help open up the public desegregation debate, as well as challenging traditional fears of raising the matter in a non-discriminatory way.
"We must take the concerns of immigrants and ancestral Norwegians seriously, for example when an 80-year-old ethnic Norwegian woman fears the neighbourhood is changing, or the anxiety a 30-year-old Somali single mother experienced during her encounters with things that are purely Norwegian."
Published on Wednesday, 23rd June, 2010 at 12:52 under the news category, by Michael Sandelson .
Last updated on 23rd June 2010 at 13:07.
This post has the following tags: sharia, council, norway, jonas, gahr, stoere, foreign, minister, islam, muslim, discrimination, integration, norwegian, immigrant, society, conflicts, labour, party.
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