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

To: Richard Wang who wrote (135)	1/16/1998 6:46:00 PM
From: Richard Wang	Read Replies (1) \| Respond to of 1881

1/15/98 Silicon Storage Technology Posts 4th-Quarter Loss, Misses Targe NEW YORK -(Dow Jones)- Silicon Storage Technology Inc. late Thursday posted results for the fourth quarter which fell shy of analysts' estimates. After U.S. markets closed, the maker of computer-memory products posted a net loss of $3.8 million, or 16 cents a share, for the period ended Dec. 31, compared with a profit of $737,000, or three cents a share, in the year-ago quarter. Results in the latest period were weighed down by costs for ongoing legal actions. Without those costs, the company said its loss would have been about three cents a share. But First Call was expecting the company to post a profit of a penny a share, excluding legal costs. Revenue fell 14% from a year ago to $20.2 million. Orders for the company's 2-Mbit product dropped in the fourth quarter, Silicon Storage said, but orders for its 1Mbit and 4Mbit products grew. Despite its weaker-than-expected results, Silicon Storage Technology expressed optimistic about the flash market and said it will focus on developing products for the nonvolatile memory market.

To: Richard Wang who wrote (135)	1/20/1998 11:32:00 AM
From: Smilodon	Read Replies (1) \| Respond to of 1881

It is building a bottom, and for the same reason. The company is buying back its own shares. I talked to the company, and they can buy back a limited volume (I think 25,000) per day and have a price target (I think $4). They can't do this in the quiet period before announcement of quarterly results. Look at the chart for the past month versus previous two months. Support appeared at just below four (company buying) and then evaporated for a month (quiet period). Now buying has resumed. I think SSTI easily gets to just below $4 in the next two months. Especially given the low volume the stock is tading now, and the very limited institutional ownership. Beware, Q1 is their seasonally slow month. There could be another buying opportunity near their Q1 announcement. 2H 98 could be very good, with a lot of new products, reduced cost structure (Asia fabs) and the upswing of the industry cycle. My favorite long term stock. If things go well, you might make 10x your money over the next few years. If things go badly, downside is helped by approximately $2 per share in cash.