*AV* ---Cautionary Note: Personally, this is a buyer beware notice on my part. A Qucik look at the charts for this company and the history of it leads me to be very cautious. I also would like to share this caution, expecially when one of the contact persons is the CEO himself. Mike should be doing other things, dontcha think????
Andrew
Paradigm Technology Receives $1 Million Fast SRAM Order
Business Wire - December 15, 1997 09:27
MILPITAS, Calif.--(BUSINESS WIRE)--Dec. 15, 1997--Paradigm Technology Inc. (Nasdaq:PRDM) Monday announced it has received approximately $1 million of new orders for its fast SRAM devices from a major electronics customer.
The customer is using Paradigm's fast SRAMs in a telecommunications product introduced last year.
"We are very pleased to receive these major orders," said Michael
Gulett, president and chief executive officer.
"Paradigm has always specialized in producing very fast SRAMs ahead of the competition. This particular customer first began ordering this very fast SRAM device about a year ago and has recently dramatically increased its order rate. These orders are expected to be reflected in Paradigm's revenues over the next few months," he added.
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 can best be utilized. Paradigm maintains a Web site at www.prdm.com .
NOTE: Bookings, backlog and individual customer orders may not be a reliable measure of sales for future periods. Except for historical
information contained herein, the matters set forth in this news release
are forward-looking statements that are subject to risks and uncertainties, including the impact of competitive products and pricing, the timely development and market acceptance of new products and upgrades to existing products' availability and cost of products from Paradigm's suppliers, industry-wide shifts in supply and demand for semiconductor products, government actions and other risks detailed from time to time in Paradigm's SEC reports and filings.
CONTACT: Paradigm Technology Inc. Milpitas
Michael Gulett, 408/954-0500
www.paradigm.com
or
Self & Associates
Trudy M. Self, 818/880-5437
UPDATE: Same type of Product but a different company (one that holds a great deal more credibility for me personally)
CYPRESS SEMI. (down 1 at 7-9/16 @ 11:55 a.m. ET) said it will not
meet analysts' expectations for the 4Q ending December 29. In a
press release, the company said estimates for revenues and
earnings are $152 million-to-$155 million in revenues and $0.09 to
$0.10 in EPS. The company's current estimates are for revenues in
the range of $140 million-to-$143 and earnings per share in the
range of breakeven to 1 cent per share. Cypress said there are two
causes for the $12 million revenue shortfall: a $5 million
shortfall in wafer-foundry revenue due to lower orders from their
foundry customers, and a $10 million shortfall in static RAM
(SRAM) revenue due to a timing problem in shipping by the
quarter-end cutoff. (Dow Jones) |
