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To: drenko who wrote (26829)	7/28/2000 1:06:49 AM
From: Mannie	Read Replies (1) \| Respond to of 35685

Hello there Mr. Drenko.. Do you realize that SSTI has a market cap that is less than twice their expected revenues for 2001(1 billion), they had an incredible earnings report, they are just ripping it up. But all the semiconductors are being beaten up, SSTI just made a purchase and Nokia made comments about slowing cell phone sales next quarter. All of those things are kicking SSTI, but I really like them for the long run. I can't see this pummeling going too much further, they've lost nearly 30% this week, after stellar earnings. I would think we will start hearing about the semiconductors being oversold here real soon. Drive fast, break hard. Scott

To: drenko who wrote (26829)	7/28/2000 8:23:16 AM
From: cowgirl-ona-1eyed-horse	Read Replies (1) \| Respond to of 35685

Hi drenko, Here's some SSTI info I brought over from another board. I have shares (both covered and uncovered) of SSTI. It's at it's 200 DMA now, so we'll see if we get a bounce. Hope so...When the semi's get a 'break' I think it will pop back up very quickly. Good premiums on this one, too. cowgirl ------------------------------------------------------------ Re: MicroTech: Re: OT - SSTI, WTF?!?! hodownsbrown (41/M/Rockville, MD) 7/28/00 1:05 am In case you missed it; LOS ANGELES, July 27 (Reuters) - Shares of memory chip maker Silicon Storage Technology Inc. fell 13 percent on Thursday as warnings from two telecommunication leaders -- Nokia and WorldCom Inc.-- sparked a high-tech sell off. Sunnyvale, Calif.-based Silicon Storage fell 12-9/16 to close at 60-1/4 2 on the Nasdaq market Thursday. The tech-heavy Nasdaq stock composite index tumbled 145 points, or 3.63 94 percent, to an unofficial close of 3843, just a day after it fell nearly 42 points. Warning from mobile phone maker Nokia that its third quarter earnings may be lower cast a pall over the entire technology sector, including Silicon Storage, which sells flash memory chips to cell phone handset manufacturers. Flash memory stores information when devices are not turned on and is very useful for applications such as digital cameras and cell phones. "The entire sector has fallen and Silicon Storage happens to be an extremely volatile part of this sector," Stephen Loewengart, analyst with BlueStone Capital Partners, said. "Silicon Storage has been unfairly linked to the cell phone industry. Sales of flash memory to the cell phone market is less than 2 percent of the company's sales volume," he said. Silicon Storage is being hit as Nokia forecast lower handset sales growth than expected, Terry O'Brien, analyst with Branch, Cabell, said. He said the company will do well if it can continue to increase capacity and demand remains strong. "Pricing in the spot market for flash memory is weakening by 4 to 7 percent which is normal for the spot market. But Silicon Storage does not sell in the sport market," he said. Loewengart said he upped his target price for Silicon Storage to $150 from $120 for the 12-month period after the company's earnings report. ((Los Angeles bureau 1 213 380 2014))