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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: Johnny Canuck who wrote (41251)	6/3/2004 12:27:33 PM
From: Johnny Canuck	Read Replies (1) of 69233

08:58 SSTI Silicon Storage started with a Buy at WR Hambrecht (12.46 ) WR Hambrecht initiates coverage of SSTI with a Buy rating and $18 target; firm says the co is well-positioned in the NOR flash mkt due to the following factors: 1) major competitors are continuing to exit the low density NOR mkt where SSTI is a leading player; 2) co's SuperFlash is significantly more reliable, easier to use, and less costly to manufacture than conventional flash memory designs; 3) co's fabless model and its favorable foundry relationships have led to a low cost structure, but with preferential wafer capacity agreements; 4) total NOR unit shipments grew by 25% YoY in 2003 to 350 mln, more than any other NOR player; and 5) stable flash ASPs and strong unit demand from digital consumer and Internet computing supports their 80% YoY rev growth and 900 bps YoY gross margins increase in 2004.

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