Lead underwriters Morgan Stanley GroupInc &lt;MS> and Robertson, Colman and Stephens said an offering of
4,400,000 shares of Cypress Semiconductor Corp is underway at
11.75 dlrs per share.
    Underwriters have been granted an option to buy up to
660,000 more shares to cover overallotments.
    The company is selling 3,080,000 shares and shareholders
the rest.
 Reuter
