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To: hueyone who wrote (32636)9/30/2000 6:30:11 AM
From: unclewest  Respond to of 54805
 
SSTI---Hypergrowth at a Bargain Price

hueyone,
nice job...very nice.
by any conventional investing metric, this is a compelling story...i bought wed, thurs, and fri.
i posted why on the ssti thread thursday morning.
unclewest

but, why are you over here...isn't this the sndk thread?
:o)



To: hueyone who wrote (32636)9/30/2000 1:39:42 PM
From: straight life  Read Replies (1) | Respond to of 54805
 
In RE: "SSTI --- Hypergrowth at a Bargain Price"

SST Announces Public Offering of Common Stock and Convertible Debt

biz.yahoo.com

SST Announces Public Offering of Common Stock and Convertible Debt
SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 29, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq:SSTI - news) today announced that it has filed two registration statements with the Securities and Exchange Commission for proposed concurrent public offerings of common stock and convertible debt.

The company proposes to offer 5,000,000 shares of it's common stock to the public, not including up to approximately 750,000 shares issuable upon exercise of the underwriters' over-allotment option. The company further proposes to offer $150 million of convertible subordinated notes that will be due 2005, not including up to $22.5 million of notes issuable upon exercise of the underwriters' over-allotment option.

Both offerings will be lead-managed by Credit Suisse First Boston and co-managed by Chase H&Q.

Registration statements relating to these securities have been filed with the Securities and Exchange Commission but have not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statements become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the preliminary prospectuses relating to these offerings are not yet available. When they become available, copies may be obtained by contacting Credit Suisse First Boston, Attention: Prospectus Department, Eleven Madison Avenue, New York, NY 10010, or by telephone at 212/325-2580.

Forward-Looking Statement

Information in this release that involves Silicon Storage Technology, Inc.'s expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. All forward looking statements included in this release are based upon information available to Silicon Storage Technology, Inc. as of the date of the release, and Silicon Storage Technology, Inc. assumes no obligation to update any such forward-looking statement. These statements are not guarantees of future performance, and actual results could differ materially from the company's current expectations. Factors that could cause or contribute to such differences or risks associated with the company's business are discussed in the company's registration statements on Form S-3 filed with the SEC on September 29, 2000 and in the other reports filed from time to time with the SEC.

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. Further information on SST can be found on the company's Web site at ssti.com.

--------------------------------------------------------------------------------
Contact:

Silicon Storage Technology, Inc.
Jeffrey L. Garon, 408/735-9110
jgaron@ssti.com
or
Stapleton Communications Inc.
Leslie Green, 650/470-0200