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

To: Gary L. Kepler who wrote (426)	8/27/1999 8:01:00 AM
From: D. K. G.	Respond to of 1881

Article - No Flash in the Pan By Om Malik The Sunnyvale, Calif., campus of nonvolatile flash memory maker Silicon Storage Technology (nasdaq: SSTI) could easily be mistaken for a warehouse or a price club. Sitting in the shadow of more glamorous companies such as National Semiconductor (nyse: NSM), SST is one of those Silicon Valley companies that hardly ever attract any attention. Yet nearly ten years after CEO and Chairman Bing Yeh left a cushy job at Intel (nasdaq: INTC) to found SST, its campus is abuzz with excitement. Such excitement is not normally part of the boring industry segment SST plays in. The flash memory chip business is one of low margins, unpredictable demand and intense price-cutting by giants such as Intel, Advanced Micro Devices (nyse: AMD), Hyundai and Samsung. But puny little SST, with only $69 million in 1998 sales, has tenaciously competed with the big dogs and is now poised for some glory days of its own. ----------- Complete story @ forbes.com Stumbled across this article and thought I post it here. regards, denis

To: Gary L. Kepler who wrote (426)	8/27/1999 9:08:00 AM
From: Ausdauer	Respond to of 1881

Gary, Based on the context of the discussion I assumed he was referring to fiscal 2000 EPS. I think it is a typo based the guidance that precedes that statement. Ausdauer

To: Gary L. Kepler who wrote (426)	8/27/1999 10:12:00 AM
From: Ausdauer	Read Replies (1) \| Respond to of 1881

Gary and Thread, The last quarterly revenues alone were about a buck per diluted share. The information in the press release seems to be a typo. I still believe that $0.70 to $1.60 annual EPS for 2000 is a bold prediction perhaps motivated by the intended secondary offering. SanDisk is also raising cash via a secondary to insure a steady stream of raw wafer now that the stage is set for overwhelming flash memory demand. Silicon Storage also announced it is preparing to raise about $100 million in a secondary offering in the second half of 2000. A major portion of that money will be used to ramp production, while the remainder will be set aside to meet future expansion needs. Just my 2¢... Ausdauer