Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SILICON STORAGE SSTI Flash Mem -- Ignore unavailable to you. Want to Upgrade?

To: peter grossman who wrote (1091)	10/13/2000 9:53:59 AM
From: Sam	Read Replies (1) \| Respond to of 1881

<<I've never seen an earnings press release forecast so far in the future with actual numbers. To publicly raise estimates dramatically for the next five quarters is astounding.>> I agree. I find it a little disconcerting, especially in light of the pulled secondary. It just isn't possible to "know" with any certainty what business conditions will be like for a year in advance (which, to inject a political note, is why these surplus projections and huge tax cuts in the current US campaign are even more nonsense than Bing's projections) to make these predictions. I know, I know, Doc and Huey will come in and say that they are sold out till then, but do they really know that their customers aren't double ordering, and that they will actually buy the stuff three quarters out? Or what prices will be paid then? According the 10Q, their arrangements are not on firm, long term contracts, they can be cancelled or pushed out, prices can lowered, etc. I find it a dangerous precedent. And I am speaking as someone who has bought a fair bit of SST over the past few months, with an average price of probably about 25 or 26, I guess. All that said, you have to give hats off to SST for a great quarter, for pulling off managing blistering growth without, apparently, missing a beat. And the valuation is surely modest given such results. Congratulations to any and all employees who happen to read this thread. I hope you/we continue to prosper as much as Bing Yi projects, I really do. It's a shame that such a great performance will be overshadowed by the concurrent tragic political events which I pray will be over soon but fear will not be. Sam