Thanks again for your direct answer. Seems like you voted
again to write a posting here without real facts, which I
gave to you. Its your choice to live in your "own world".
Buggi, the problem is NOT that I didn't post facts, the problem is you can't READ or COMPREHEND!
There was no reason for me to post the facts because you already posted them in your post and I was quoting my numbers from the information that you yourself provided!
Here's your post-
Message 24313736
Here are the contents for SSTI from the link you provided-
You may want to focus on the bold numbers for what I was saying but try and read every line of the income statement and balance sheet and do the same for SPSN's I/S and B/S and understand where SPSN's problems are. Good Luck!
-- FINANCIAL TABLES TO FOLLOW --
Silicon Storage Technology, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(in thousands except per share data)
Three months ended Year ended
December 31, December 31,
--------------------- ---------------------
2006 2007 2006 2007
--------- --------- --------- ---------
Net revenues:
Product revenues $108,690 $95,634 $415,441 $371,916
Technology licensing 9,541 11,744 37,068 39,832
--------- --------- --------- ---------
Total net revenues 118,231 107,378 452,509 411,748
Cost of revenues 90,759 72,970 333,643 291,332
--------- --------- --------- ---------
Gross profit 27,472 34,408 118,866 120,416
--------- --------- --------- ---------
Operating expenses:
Research and development 12,802 15,206 52,969 58,704
Sales and marketing 6,343 7,537 28,464 29,238
General and
administrative 4,884 5,639 21,312 25,601
Other non-recurring
charges - 5,646 - 11,970
--------- --------- --------- ---------
Total operating
expenses 24,029 34,028 102,745 125,513
--------- --------- --------- ---------
Income (loss) from
operations 3,443 380 16,121 (5,097)
Interest income 1,415 1,605 3,355 6,904
Dividend income 219 219 1,581 2,091
Other income (expense),
net 19 (79) 821 115
Interest expense (122) (132) (345) (495)
Gain on sale of equity
investments - 17 12,206 159
Impairment of goodwill
and intangible assets - (19,754) - (19,754)
Impairment of equity
investments (40,600) (3,000) (44,123) (22,400)
--------- --------- --------- ---------
Income (loss) before
provision for (benefit
from) income taxes, pro
rata share of loss from
equity investments and
minority interest (35,626) (20,744) (10,384) (38,477)
Provision for (benefit
from) income taxes 1,727 1,840 7,194 4,237
--------- --------- --------- ---------
Income (loss) before pro
rata share of loss from
equity investments (37,353) (22,584) (17,578) (42,714)
Pro rata share of loss
from equity investments (2,113) (1,727) (3,199) (7,035)
--------- --------- --------- ---------
Net income (loss) $(39,466) $(24,311) $(20,777) $(49,749)
========= ========= ========= =========
Net income (loss) per
share - basic $(0.38) $(0.23) $(0.20) $(0.48)
========= ========= ========= =========
Shares used in per share
calculation 103,607 104,198 103,355 104,134
========= ========= ========= =========
Net income (loss) per
share - diluted $(0.38) $(0.23) $(0.20) $(0.48)
========= ========= ========= =========
Shares used in per share
calculation 103,607 104,198 103,355 104,134
========= ========= ========= =========
Silicon Storage Technology, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands)
December 31, December 31,
2006 2007
------------ ------------
ASSETS
Current assets:
Cash, cash equivalents and short-term
investments $139,808 $162,224
Trade accounts receivable, net 64,943 56,313
Inventories 73,883 50,178
Other current assets 9,074 6,055
------------ ------------
Total current assets 287,708 274,770
Equipment, furniture and fixtures, net 19,513 16,103
Long-term marketable securities 45,554 36,160
Other assets 83,990 63,291
Goodwill 29,213 12,349
------------ ------------
Total assets $465,978 $402,673
============ ============
LIABILITIES
Current liabilities:
Notes payable, current portion $- $-
Trade accounts payable 67,658 42,068
Accrued expenses and other liabilities 27,185 28,292
Deferred revenue 3,390 3,004
------------ ------------
Total current liabilities 98,233 73,364
Other liabilities 2,030 7,548
------------ ------------
Total liabilities 100,263 80,912
------------ ------------
SHAREHOLDERS' EQUITY
Common stock 364,330 365,566
Additional paid-in capital 61,533 69,339
Accumulated other comprehensive income 31,281 31,239
Retained earnings/(Accumulated deficit) (91,429) (144,383)
------------ ------------
Total shareholders' equity 365,715 321,761
------------ ------------
Total liabilities and shareholders' equity $465,978 $402,673
============ ============
Silicon Storage Technology, Inc. and Subsidiaries
Supplemental Data
Percentage of Change in
Gross Product Revenue Revenue
--------------------------- --------------------
4Q06 to 3Q07 to
4Q06 3Q07 4Q07 4Q07 4Q07
--------------------------- --------------------
Product Revenue By
Ship-To Location
North America 4% 5% 4% 10% (16%)
Total
International 96% 95% 96% (12%) (2%)
Europe 7% 7% 8% (11%) 8%
Japan 9% 9% 7% (27%) (23%)
Korea 6% 7% 6% (8%) (13%)
China 42% 38% 37% (22%) (5%)
Taiwan 24% 25% 30% 12% 15%
Other Far East 8% 8% 7% (15%) (14%)
Product Revenue By
Application
Digital
Consumer 41% 39% 36% (22%) (10%)
Internet
Computing 25% 20% 19% (30%) (6%)
Networking 6% 10% 9% 21% (15%)
Wireless
Communications 28% 31% 36% 14% 13%
Licensing Revenue as a
% of Total Revenue 8% 9% 11% 23% 21%
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