Just in case anyone was wondering, this appears to be the news that caused today's spike:
Tuesday July 8 12:59 PM EDT
Company Press Release
Paradigm Technology Provides Update on Fast SRAM Market
Conditions
MILPITAS, Calif.--(BUSINESS WIRE)--July 8, 1997--Paradigm Technology Inc.
(Nasdaq:PRDM) Tuesday announced that it has seen an increase in orders for certain of its
high-speed SRAM products in the recent quarter and that market demand for Paradigm's
high-speed, high-density SRAM devices appears to be improving.
``While the overall business climate remains challenging, we are seeing an increase in demand for
our high-performance SRAMs by new and existing customers in the growing telecommunications
and networking markets,'' said Michael Gulett, president and chief executive officer.
``We believe that this increase reflects, in part, our focus on expanding our customer base, market
interest in several new products and our improved sales channels,'' he continued. ``As a result, we
have booked more orders this quarter than in any other quarter in the past year.''
With headquarters in Milpitas, Paradigm Technology designs, develops and markets high-speed,
high-density SRAM semiconductor devices to meet the needs of advanced telecommunications,
networking, workstations, high-performance computers, advanced modems and complex
military/aerospace applications.
The company focuses on high-performance, sub-10ns SRAMs, where its technology and
product-design leadership in high-speed, high- density semiconductors can be most efficiently and
effectively utilized. Paradigm maintains a Web site at www.prdm.com
Except for the historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties, including the impact of the competitive products and
pricing and general economic conditions as they affect the company's customers, timely
development and marketing of new products and product upgrades, availability and cost of products
from suppliers, industrywide shifts in supply and demand for semiconductor products, and other
risks. Bookings and backlog may not be a reliable measure of future sales. Actual results and
developments may therefore differ materially from those described in this release. |
