Unbelievable Quarter:
.71 cents vs. .50 expected prior to the preannoucement? The .71 is 42% better. I would agree that a preannoucement was in order! Congratulations to management for perfect execution!
A) Preannoucement On 6/29/2000 for greater than .50:
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.
B) SST Reports Record Results for Second Quarter 2000
2Q00 Revenue Up 66%, Net Income Up 134% Over 1Q00
biz.yahoo.com
Tuesday July 18, 4:27 pm Eastern Time
Company Press Release
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 18, 2000--SST (Silicon Storage Technology, Inc.)(Nasdaq: SSTI - news) today announced record results for the second quarter ended June 30, 2000.
Net revenues for the second quarter were $103.2 million, grew 66% from $62.3 million in the first quarter of 2000, and 349% from $23.0 million in the second quarter a year ago.
Net income for the second quarter of 2000 was $22.5 million, or $0.71 per share, based on approximately 31.9 million diluted weighted average shares outstanding. This compares with a net income of $9.6 million in the first quarter of 2000, or $0.34 per share, based on approximately 28.3 million diluted weighted average shares outstanding, and with a net loss in the second quarter of 1999 of $3.6 million, or a loss of $0.15 per share, based on approximately 23.7 million weighted average shares outstanding. |
