Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: upndn who wrote (605)	6/29/2000 8:34:00 PM
From: KevRupert	Read Replies (1) \| Respond to of 1881

Yes!!!!!!!!!!!! biz.yahoo.com Thursday June 29, 8:02 pm Eastern Time Company Press Release SST Preannounces Record Results for 2Q00 SUNNYVALE, Calif.--(BUSINESS WIRE)--June 29, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq:SSTI - news) today announced that it expects to report record results for the second quarter ended June 30, 2000. Based on information available at this time, the company expects to report a revenue increase of greater than 50 percent over the first quarter of 2000 and an increase of greater than 300 percent over the second quarter a year ago. The company expects that it will report earnings per share for the second quarter of 2000 to be greater than $0.50. ``With our diversified product offering, the company has continued to experience rapid revenue growth. These products serve a very broad range of applications in digital consumer, networking, wireless communications and Internet computing markets,'' said Bing Yeh, president and CEO. ``We believe the flash market is very fragmented, characterized by the coexistence and continued growth of all memory densities and various configurations to meet the specific requirements in many emerging applications. Our SuperFlash technology allows us to produce very competitive flash memory products with differentiated feature sets and functionality to serve each segment of the market. Demand for our products continues to outstrip our capability to supply. We expect to continue increasing our capacity to meet the increasing demand.'' The company expects to report final results for the second quarter of 2000 on July 18, 2000 after the market is closed. About SuperFlash Technology SST's SuperFlash technology is a NOR type, split-gate cell architecture which uses a reliable thick-oxide process with fewer manufacturing steps resulting in a low-cost, nonvolatile memory solution with excellent data retention and higher reliability. The split-gate NOR SuperFlash architecture facilitates a simple and flexible design suitable for high performance, high reliability, small or medium sector size, in- or off-system programming and a variety of densities, all in a single CMOS-compatible technology. About Silicon Storage Technology, Inc. Headquartered in Sunnyvale, California, SST designs, manufactures and markets a diversified range of nonvolatile memory solutions, based on proprietary, patented SuperFlash technology, for high volume applications in the digital consumer, networking, wireless communications and Internet computing markets. SST's product families include high-functionality flash memory components, CompactFlash card mass storage products and 8-bit microcontrollers with on-chip flash memory. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees IBM, National Semiconductor, Motorola, Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp., TSMC-Acer Semiconductor Manufacturing Co. (TASMC) and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). Further information on SST can be found on the company's Web site at ssti.com. Forward-Looking Statements Except for the historical information contained herein, this news release contains forward-looking statements regarding flash memory market conditions, the company's future financial performance, the performance of new products and the company's ability to bring new products to market that involve risks and uncertainties. These risks may include timely development, acceptance and pricing of new products, the terms and conditions associated with licensees' royalty payments, the impact of competitive products and pricing, and general economic conditions as they affect the company's customers, as well as other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended December 31, 1999 and reports on Form 10-Q for the quarter ended March 31, 2000.