SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SILICON STORAGE SSTI Flash Mem
SSTI 6.970-2.5%Jan 30 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: capt rocky 1 who wrote (1432)12/22/2000 12:15:17 PM
From: tayspop729  Read Replies (1) of 1881
 
Rocky,

...can you tell us why when the stock was 25 or so ssti was trying to do a stock issue which would have diluted the stock. what did they think they needed the money for? that announcement was the catalyst that started the slide. even when they announced no new issue it didn't help.

Its my recollection that SSTI was proposing the new stock issue and the offering of the convertible debt for acquisition purposes. I tried to find a link but was unable to...but I believe that was the intent of the new issue.

As far as this being the catalyst for the slide, I have to disagree. As it can be seen from my post of yesterday, SSTI's unfortunate slide corresponds directly to the action within the semiconductor sector as a hold. The timing of this decline with the sector falling was merely coincidence, IMO.

I shake my head each day until it throbs over what I perceive to be an incredible opportunity, wondering what it is that I'm missing. But I keep telling myself that just before things turned south, this was a stock sporting a PE of 60...all this about commodity products and the lawsuit with Atmel is nothing but noise. I doubt very seriously that we will see such strong PEs again in the future but still think its deserving of something resembling that granted to the market on average. If so, there's money to be made here.

JMHO.

Regards,

Scott
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News