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To: The Ox who wrote (13832)8/23/2000 2:14:38 PM
From: drsvelte  Read Replies (1) | Respond to of 14427
 
SSTI is flash memory along with SNDK and FLSH. In late June they pre-announced a big upside surprise..

Silicon Storage (SSTI) 75 13/16: Company issues upside preannouncement for Q2; sees earnings per share above $0.50, current First Call estimate is $0.39; expects to report a revenue increase of greater than 50 percent over the previous quarter and an increase of greater than 300 percent over year ago; see press release.

However, in July they were hammered on the Solly takedown of the semiconductor sector -- SSTI was specifically downgraded.

Today, news is out that flash is still in very short supply ...

09:29 ET SanDisk Corp (SNDK) 72 7/8: According to Morgan Stanley Dean Witter, Hyundai says flash memory is sold out for remainder of year. Firm believes SNDK will benefit from this development.