SILICON STORAGE SSTI Flash Mem Message Board

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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 6.240

+1.5%

3:59 PM EST

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To: Zeev Hed who wrote (1758)	7/21/2001 4:38:12 PM
From: orkrious	Read Replies (1) of 1881

I just listened to the SSTI CC. I was doing other stuff, so I didn't listen that closely. Further, the CEO is tough to understand. RE the inventory, they pointed out the high level. They said it was expected to be drawn down at the foundries but they pointed out that there was a potential write down if market prices dropped. Not much was said about it. They didn't talk re write off of obsolete inventory, just prices dropping. They talked about cutting back wafer starts dramatically. It sounds like they kept building wafers too long. Of note they said they had a 2 mil ??? increase in bad debts reserve offset by a back out of a big legal accrual. Also, there were two questions about the big increase in royalties. They should stay at this level at long as flash prices stay soft. Without decreasing flash prices, these would rise. Overall, I have to say I felt more comfortable with SSTI's CC than Sandisk's. Sandisk's comments re Samsung were scary. Jonathan Joseph spent a long time asking questions searching for a bottom. I was surprised he spent the time he did with a such relatively small company.

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