The bad news is Cypress is still losing money. Second-quarterrevenues increased 31% to $3.3 million from $2.5 million over thefirst quarter and 93% over sales of $1.7 million for the sameperiod in 1999. However, Cypress showed a net loss for the quarterof $23.8 million, or 50 cents per share. For the first quarter, thenet loss was $11.4 million or 40 cents per share and for the secondquarter of 1999, the net loss was $2.6 million or 99 cents pershare.

The firm attracted Wall Street attention when it raised $190million with its IPO in February 2000. Cypress installs broadbandnetworks in multi-tenant buildings. During the second quarter, thecompany increased the square footage it has under licenseagreements by 24 million, for a total of 270 million sf in morethan 1,000 buildings in 54 markets. Square feet in service nearlydoubled to 103 million.