SILICON STORAGE SSTI Flash Mem Message Board

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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 5.890

+0.7%

9:34 AM EST

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To: Marc who wrote (1205)	7/18/2001 4:35:28 PM
From: Zakrosian	Read Replies (2) of 1881

Flashback to just 9 months ago: Chase H&Q * Silicon Storage Technology, Inc. (SSTI) $23.69 - $2.3B mkt cap: Initiating Coverage of SSTI With a Strong Buy & Our $50 Price Target... · We continue to be extremely bullish about the current dynamics in the flash marketplace as well as the company's exceedingly critical role as a major player in it, and are thus initiating coverage with a STRONG BUY rating and our conservative price target of $50, which is 20x our FY:01 estimate of 2.55. It had me convinced that SSTI was a buy in the mid teens. But it looks like my discounting the 2.55 target by 50% was amazingly optimistic: biz.yahoo.com ``The second quarter was another difficult quarter for the industry and for SST due to the excess inventory situation and a continuing slowdown in new orders,'' said Bing Yeh, president and CEO. ``In reaction to sluggish sales, we were able to work with our foundry partners to significantly reduce our wafer-start rate in order to control our inventory level.

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