To: Ram Seetharaman who wrote (530 ) 4/5/2000 6:55:00 PM From: Mr. Miller Respond to of 1881
Credit Suisse First Boston Initiates Coverage of Silicon Storage Technology, Inc. With a Strong Buy Rating biz.yahoo.com Old news I realize, but I like the revenues target for the year. Its a gain of over 100% from revenues in year ended 12/31/99...And usually targets are conservative. Thursday March 30, 3:41 pm Eastern Time Company Press Release SOURCE: Credit Suisse First Boston Credit Suisse First Boston Initiates Coverage of Silicon Storage Technology, Inc. With a Strong Buy Rating PALO ALTO, Calif., March 30 /PRNewswire/ -- The following is being issued by Credit Suisse First Boston, a member of the National Association of Securities Dealers, CRD number 816: Credit Suisse First Boston Technology Group analyst Tim Mahon initiated coverage today of Silicon Storage Technology (Nasdaq: SSTI - news) with a strong buy rating. His 2000 revenue and EPS estimates are $307 million and $1.40. (Photo: newscom.com ) Silicon Storage Technology is a leading supplier of flash memory solutions serving the digital consumer, networking, wireless communications and Internet computing markets. The company' s patented SuperFlash© technology, offers flexibility to balance available wafer capacity and cost. Mahon believes that SST's will be one of the leaders in the rapidly expanding flash memory market. ``SST's strategy of providing solutions for all densities of flash memory offers product, customer, as well as end market application diversity,' said Mahon. Mahon believes there is significant upside potential to his estimates as the company ramps up its new products line based on Intel's recent decision to license SST its firmware hub architecture (FWH), an integral component in Intel's chipset solution.