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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

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4:00 PM EST

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To: Sam who wrote (86359)	1/26/2021 4:29:47 PM
From: Elroy	of 95536

I'll point this out here, it's a known item, but perhaps below some radars. SIMO sells custom made Open Channel SSD controllers to Ali Babba cloud. There was one first project in 2020 which (I think) was quite small, the only solid detail I recall about it ever being mentioned was that it was supposed to be $5 million of gross margin dollars for SIMO. SIMO was awarded three Ali Babba open channel projects in 2021. We don't have any idea of the revenue forecast for 2021 yet, but hopefully each is larger than the 2020 project since Ali Babba cloud is probably growing quickly. At some point in the future, being a core technology component supplier to Ali Babba cloud may be reflected in SIMO's share price. SIMO currently trades at about 13x expected 2021 EPS, which is, well, quite low for a semiconductor company. Go Ali Babba cloud....grow! grow! grow!

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