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Abstract-Convolutional Neural Networks (CNNs) has shown a great success in many areas including complex image classification tasks. However, they need a lot of memory and computational cost, which hinders them from running in relatively low-end smart devices such as smart phones. We propose a CNN compression method based on CP-decomposition and Tensor Power Method. We also propose an iterative fine tuning, with which we fine-tune the whole network after decomposing each layer, but before decomposing the next layer. Significant reduction in memory and computation cost is achieved compared to state-ofthe-art previous work with no more accuracy loss.