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To: Mannie who wrote (27710)	8/3/2000 6:05:48 PM
From: cowgirl-ona-1eyed-horse	Read Replies (2) \| Respond to of 35685

Hi Scott, SSTI press release today- another effort at FUD control cowgirl ------------------------------------------------------------- biz.yahoo.com Thursday August 3, 1:30 pm Eastern Time Press Release SST Responds To Concerns Over Slowdown in Cellular Components Market SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 3, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq:SSTI - news) today responded to concerns that a slowdown in the cellular components market would negatively affect its business. The company reiterated that products sold into the cellular handset industry accounted for less than 2 percent of its revenues in the second quarter of 2000. Net revenues for the second quarter were $103.2 million, grew 66% from $62.3 million in the first quarter of 2000, and 349% from $23.0 million in the second quarter a year ago. ``Our business continues to be driven by the strong demand for our products and by the production ramp of over 50 new products,'' said Bing Yeh, president and CEO. ``Over the past several years, we have established a very diversified product portfolio to serve a wide variety of applications within the digital consumer, networking, wireless communications and Internet computing markets. We do not expect that any slowdown in the cellular components market would impact SST in a material way. We continue see strong growth in our business across the board and believe we are well-positioned to continue revenue and profit expansion well into 2001,'' he said. 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. and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). TSMC offers SuperFlash under its trademark Emb-FLASH. 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. Note to Editors: The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc. MPF, ComboMemory and FlashFlex are trademarks of Silicon Storage Technology, Inc. Emb-FLASH is a trademark of TSMC. -------------------------------------------------------------------------------- Contact: Silicon Storage Technology, Inc. Jeffrey L. Garon, 408/735-9110 jgaron@ssti.com or Stapleton Communications Inc. Leslie Green, 650/470-0200 Email this story - View most popular stories emailed -------------------------------------------------------------------------------- More Quotes and News: Silicon Storage Technology Inc (NasdaqNM:SSTI - news) Related News Categories: computer hardware, computers, semiconductors, telecom Copyright © 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service