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Technology Stocks : SILICON STORAGE SSTI Flash Mem -- Ignore unavailable to you. Want to Upgrade?

To: SpongeBrain who wrote (410)	8/12/1999 1:50:00 PM
From: Curbstone	Read Replies (1) \| Respond to of 1881

Let's add a little perspective here spongebrain. On February 2 of this year NITE (Knight/Trimark) filed for a secondary offering of 9 million shares (almost 20% of the float at that time) 6 million to come from shareholders and 3 million to come from the company. At that time NITE was rising steadily and correcting only in tandem with overall market downturns. I bailed out fearing that the sudden increase in supply would drive the price down. Immediately following that announcement NITE more than tripled in price and split. My point is that dropping a mere 800K shares (less than 4%) of a very hot stock onto the market is probably not sufficient knock down the price. It might slow the rise temporarily but it is not sufficient in itself to do much damage to a stock that wants to rise. Mike

To: SpongeBrain who wrote (410)	8/12/1999 5:24:00 PM
From: Smilodon	Read Replies (1) \| Respond to of 1881

Actually Bing Yeh and his family own 3.7 million shares of SSTI. Selling 800,000 doesn't seem that bad. I think he also takes a modest salary and had received no bonus for a couple of years, so wanting to take some cash seems reasonable to me. I do not currently own SSTI, although I did have a substantial position in the past.