My apologies. As it turns out, the growth rate for SSTI has been 300%, not the 200% I had been using. Under the 300% growth rate, proper valuation would be even 50% greater than I had extrapolated. By the way, net income during the June 30, 1999 quarter was (.15).
Finally, don't cut off your nose to spite your face - The Prophet picked QCOM in 1998 and RMBS in 1999.
biz.yahoo.com
Thursday June 29, 8:02 pm Eastern Time
Company Press Release
SST Preannounces Record Results for 2Q00
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 29, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq:SSTI - news) today announced that it expects to report record results for the second quarter ended June 30, 2000.
Based on information available at this time, the company expects to report a revenue increase of greater than 50 percent over the first quarter of 2000 and an increase of greater than 300 percent over the second quarter a year ago. The company expects that it will report earnings per share for the second quarter of 2000 to be greater than $0.50. |
