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Short take: Cypress appoints Alan Shugart to board

Cypress Semiconductor named Alan Shugart to its board of directors. Shugart's long Silicon Valley resume includes founding disk drive company Seagate Technologies in 1979. But Shugart was ousted by Seagate's board last July after the company reported a loss of $530 million for its fiscal year ending July 3.

Cypress Semiconductor named Alan Shugart to its board of directors. Shugart's long Silicon Valley resume includes founding disk drive company Seagate Technologies in 1979. But Shugart was ousted by Seagate's board last July after the company reported a loss of $530 million for its fiscal year ending July 3.