Unless you're talking about Amazon.com's (NAS: AMZN) popular Kindle Fire, Android tablets aren't selling. That's the message from this morning's results from Cypress Semiconductor (NYS: CY) .

While the chipmaker noted strong fourth-quarter gains for its TrueTouch capacitive technology for touchscreens, bookings for the first quarter came in light thanks, in part, to unreliable tablet sales.

As Cypress stated in its earnings press release, with emphasis added:

Our book-to-bill ratio for Q4 was 0.58, a decrease from that of Q3 and less than the normal seasonal figure. Consequently, we expect Q1 revenue also to decrease at a rate greater than normal. The expected decrease in revenue includes not only the seasonal factor, but also some revenue decreases due to tablet end sales.

Translation: We didn't supply anything to Amazon, and the rest of the Android tablet suppliers are also-rans when compared with the iPad.

Too harsh? Possibly, but Atmel (NAS: ATML) also fell today on the news. Earlier this week, a Needham analyst cut his rating on both stocks as they work on excess inventory created by worse-than-expected tablet sales. Now it seems those fears were justified.

To be fair, Android tablets have long suffered from a software gap with the iPad. Google's (NAS: GOOG) new Ice Cream Sandwich flavor of Android should help by unifying software-development efforts. Cypress has no control either way, so it's hard to fault the business on account of Android.

You might even say founder and CEO T.J. Rodgers is doing all he can. In November, Cypress certified TrueTouch for NVIDIA's Tegra 3 chip design for tablets, creating what should be a compelling hardware alternative to the iPad.

TrueTouch is also embedded into Research In Motion's PlayBook and Apple's (NAS: AAPL) newer iPod nano models and Mac track pads, so this isn't a one-dimensional growth story. Nevertheless, it was Cypress and not analysts that called out tablets in its earnings press release. For investors' sake, here's hoping Google's tabby robot finally gets some momentum.

Playing the tablet revolution doesn't have to mean settling on just one stock. The Motley Fool recently created a special report that identifies three "hidden" stocks positioned to profit from the rise of smartphones and tablets. It's yours free, but only for a limited time, so take a look today.

Add Cypress Semiconductor to My Watchlist for up-to-the-minute Foolish coverage of the stock and your entire portfolio.

At the time this article was published Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Apple and Google at the time of publication. Check out Tim's Web home, portfolio holdings, and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool owns shares of Google, Amazon.com, and Apple. Motley Fool newsletter services have recommended buying shares of NVIDIA, Cypress Semiconductor, Apple, Amazon.com, and Google, creating a bull call spread position in Apple, and writing puts in NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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