Jim,
With a report like this, why isn't this company taking off??
Ken
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News Alert from PR Newswire via Quote.com
Topic: (NASDAQ:SSTI) Silicon Storage Tech,
Quote.com News Item #6589136
Headline: SST Named Silicon Valley's Fastest Growing Semiconductor Manufacturer
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SUNNYVALE, Calif., May 26 /PRNewswire/ -- Silicon Storage Technology, Inc.
(SST) (NASDAQ:SSTI), a leading manufacturer of low-cost, high-quality flash
memory components for the computer, communications and consumer markets, today
announced that it has been recognized by The San Jose Business Journal as the
fastest growing semiconductor manufacturer in Silicon Valley. Overall, SST
was ranked nineteenth on the Journal's list of the Silicon Valley Fast Public
100.
"Over the past few years, SST has maintained its strong position as the
leading provider of SuperFlash(TM) based memory products to the computer
marketplace while continuing to establish diversified growth opportunities for
its flash memory products," said Jeffrey L. Garon, chief financial officer for
SST. "With record unit growth in both 1996 and 1997, we have continued to
demonstrate our ability to provide appropriately priced, high-functionality,
high-quality flash memory products to meet the growing performance
requirements of the computer, consumer and communications markets."
Going forward, SST is committed to investing in research and development
in order to expand and diversify its flash memory product line, based on the
company's patented, proprietary SuperFlash technology. SST's SuperFlash
technology uses a reliable, thick-oxide process with fewer manufacturing
steps, which offers a low-cost, non-volatile memory solution resulting in
excellent data retention and higher reliability.
The San Jose Business Journal enlisted William O'Neil and Company, an
investment advisory firm, to create this list. The firm provided the
financial information and calculated the growth rate of publicly-held Silicon
Valley companies over the past three years using a system called "least
squares analysis." The San Jose Business Journal then used public records to
verify the revenue information and compile the list of Top 100 Fastest Growing
Public Companies.
About Silicon Storage Technology, Inc.
Headquartered in Sunnyvale, California, SST designs, manufactures and
markets low-cost, high-quality flash memory components for the computer,
communications and consumer markets. Current product families include
single-power supply (5.0V-only, 3.0V-only or 2.7V-only), small erase-block
flash memory components, as well as two-power supply MTP(TM) (Many-Time
Programmable) flash products. SST is also designing products for the mass
storage and flash embedded controller markets.
All SST memory components products are based on patented, proprietary
SuperFlash technology. SST offers this technology for embedded applications
through its manufacturing partners and technology licensees Taiwan
Semiconductor Manufacturing Co. Ltd. (TSMC), Samsung Electronics Co. Ltd.,
Sanyo Electric Co. Ltd., and Seiko Epson Corp.
Forward-Looking Statements
Except for the historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties.
These risks may include timely development, acceptance and pricing of new
products, the terms and conditions associated with licensees' royalty
payments, the impact of competitive products and pricing, and general economic
conditions as they affect the company's customers, as well as other risks
detailed from time to time in the company's SEC reports, including the report
on Form 10-K for the year ended Dec. 31, 1997.
For more information about SST and the company's comprehensive list of
product offerings, call 888-SST-CHIP or 888-221-1178 (North America) or
732-544-2873 (International) for SST's literature fax-on-demand service.
Information can also be requested via email to sfoster@ssti.com or through
SST's website at ssti.com. SST is located at 1171 Sonora Court,
Sunnyvale, Calif.; telephone: 408-735-9110; fax: 408-735-9036.
NOTE: The SST logo and SuperFlash are registered trademarks of Silicon
Storage Technology, Inc. MTP is a trademark of Silicon Storage Technology,
Inc. All other trademarks or registered trademarks are the property of their
respective owners.
SOURCE Silicon Storage Technology, Inc.
-0- 05/26/98
/CONTACT: Kristin Hehir of Tsantes & Associates, 408-369-1500, or
kristin@tsantes.com, for Silicon Storage Technology; or Jeffrey L. Garon Vice
President & Chief Financial Officer of Silicon Storage Technology, Inc.,
408-735-9110/
/Web site: superflash.com
/Web site: ssti.com
|
