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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (37508)	9/27/2000 12:00:32 PM
From: FJB	Read Replies (1) \| Respond to of 70976

SSTI preannounces an upside surprise for the second time in as many quarters. SST Preannounces Record Results for 3Q00 SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 26, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq:SSTI - news) today announced that it expects to report record results for the third quarter ending Sept. 30, 2000. The company expects to report third quarter revenue of greater than $150 million, or an increase of greater than 45 percent over the second quarter of 2000 and greater than 325 percent over the third quarter a year ago. In addition, the company expects to report earnings per share for the third quarter of 2000 to be greater than $0.35. ``In the third quarter, the company experienced better-than-expected yield improvements and production ramp at certain foundry partners of several new products, which carry improved gross margins,'' said Bing Yeh, president and CEO. ``With our diversified product offerings and the strong demand for our products, the company has continued to experience rapid revenue growth and profit expansion. We believe the flash market is very fragmented, characterized by the coexistence and continued growth of all memory densities and the various configurations to meet the specific requirements in many emerging applications. By expanding to more than fifty types of end applications so far, our diversification strategy has allowed us to withstand any slowdown in one or two of the end application markets. Demand for our products continues to outstrip our capability to supply. We expect this situation to last well into 2001. ``We expect to continue increasing our capacity in an effort to meet the growing demand.'' biz.yahoo.com