PJ,
The concensus seems to be that after Simtek jumped up to .98
based on the Q197 results and their latest product announcement
concerning introducing the Industry's first 256k monolithic
nvSRAM, which is a $250 million market opportunity, some profit
taking drove the stock down to close at around .73. Today's price
of .54 was to establish a new base line, and many of the long
term investors in Simtek believe it will move over a dollar
with next quarters earnings (Q297). The previous 52 week high
was .39, and was waiting for the latest 256k announcement, as
this is supposed to be a very profitable product line for Simtek.
I like most of the active posters on the Simtek folder have been
invested in Simtek for a few years, just waiting for them to
finish development on their proprietary nonvolatile nvSRAM
products. If you read their latest announcement then you can
see that their technology offers substantial benefits over
existing nonvolatile memory technologies: "With sixteen times
the density of the nearest single-chip competitor, Simtek's
nvSRAMs lead the industry in density, speed, flexibility,
and ease of use". This is Dr. Petritz's (SRAM CEO)third
company after previously being the director of Texas Insruments'
semiconductor research and development laboratories. The directors
of this company reads like a who's who in the semiconductor
industry, with a previous general manager of Intel's EPROM
and SRAM business, a president and CEO of Chartered Semiconductor
Manufacturing Pte., Ltd. in Singapore and President and CEO
of Taiwan Semiconductor Manufacturing Company, a professor
of Wharton school of Business at the University of Penn., and
a senior manager of Siemens Company semiconductor operation for
10 years. If your interested please pull their latest 10K
off of www.sec.gov for a look at the company's history and
great balance sheet, and one of Simtek's engineers frequents
the SI Simtek folder for all technical questions. Best of Luck!
Shawn |
