| mib - Donnerstag, 12. Oktober 2000 - 23:32 |
| und hier die Zahlen: "booked out for next 3 qtrs." aber: Analysten "besorgt" wegen moeglicher Preissenkungen bei flash memory chips... Related QuotesSSTI 22 7/16 +2 3/8 delayed 20 mins - disclaimer Thursday October 12, 4:06 pm Eastern Time Press Release SST Reports Record Third Quarter 2000 Results 3Q00 Revenue Up 59%, Net Income Up 61%, over 2Q00 SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct.12, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq: SSTI - news) today announced record results for the third quarter ended Sept. 30, 2000. Net revenues for the third quarter were $163.7 million, up 59% from $103.2 million in the second quarter of 2000, and up 366% from $35.1 million in the third quarter last year. Net income for the third quarter of 2000 was $36.3 million, or $0.37 per share, based on approximately 97.6 million diluted weighted average shares outstanding. This compares with a net income of $22.5 million in the second quarter of 2000, or $0.24 per share, based on approximately 95.8 million diluted weighted average shares outstanding, and with a net income of $0.45 million in the third quarter last year, or $0.01 per share, based on approximately 81.5 million diluted weighted average shares outstanding. ``We are pleased to report our fifth consecutive quarter of record results since the third quarter of 1999,'' said Bing Yeh, president and CEO. ``Our business continues to be driven by the strong demand for our products and by the expanded available capacity. The better-than-expected yield improvements at certain foundry partners have allowed us to produce more than previously planned. However, the additional output could only partially relieve the shortage situation. We expect the demand will continue to outstrip our capability to supply for at least the next three quarters. ``We continue to execute our diversification strategy by developing products with various densities for broad applications. In particular, we are developing application specific products to diversify away from commodity memory. We believe the flash market is very fragmented, characterized by the coexistence and continued growth of all memory densities and the various configurations to meet the specific requirements in many emerging applications. We believe our strategy to diversify our product offerings not only allows us to maximize our growth potential, but has also allowed us to minimize our business fluctuations due to the seasonal weakness of any particular application segment. ``During the third quarter, we have continued to experience broad-based demand from applications in the digital consumer, networking, wireless communications and Internet computing markets. Unit shipments increased 26 percent over second quarter of 2000, driven by key applications such as set-top boxes, digital TVs, CD-RW drives, DVD-ROM drives, DVD players, digital cameras, MP3 players, network switches and routers, DSL modems, cable modems, pagers, cellular phones, cordless telephones, hard disk drives and personal computers. ``At the end of the third quarter, we also settled our two-year long litigation with Winbond Electronics of Taiwan and re-established Winbond as a SuperFlash licensee. Our previous agreement with Winbond was terminated in 1998. This settlement not only allows us to eliminate a management distraction and to reduce our near term legal expenses, but also will significantly improve our royalty stream for the years to come. ``On the licensing front, we are beginning to see upward growth in royalty revenue from TSMC and Sanyo. During a recent trip to TSMC, we learned that TSMC now has more than 50 foundry customers currently using SuperFlash-based embedded flash process. We expect TSMC to begin to allocate more wafers to embedded flash process in 2001 and that this will contribute to our significant growth in royalty revenue. ``With more than 60 new products introduced since mid-1998, the additional wafer capacity that we expect to bring on line in 2001 and our licensing strategy for embedded applications, we believe SST is well positioned to become a strong leader in flash memory. Looking forward, we expect to see robust growth in our business through the balance of 2000 and well into 2001. For the fourth quarter, we expect our product revenue to grow approximately 20 percent from the third quarter, mainly constrained by wafer supply. Product gross margin is expected to expand to approximately 47 percent, based on expected cost improvement and assuming continued stable pricing environment for the markets we are in. Royalty revenue is expected to be greater than $10 million. Operating expenses are expected to result in an operating margin of greater than 35 percent. Our expected tax rate is approximately 35 percent for the fourth quarter and earnings per share are expected to be approximately $0.48. For the first quarter of 2001, we expect our product revenue to grow approximately 20 percent from the fourth quarter of 2000. Product gross margin is expected to expand to approximately 49 percent, based on expected cost improvement and assuming continued stable pricing environment for the markets we are in. Royalty revenue is expected to be greater than $6.0 million. Operating expenses are expected to result in an operating margin of greater than 37 percent.. Our expected tax rate is expected to be approximately 38 percent for the first quarter of 2001 and earnings per share are expected to be approximately $0.56. For fiscal 2001, we expect our product revenue to grow approximately 125 percent from fiscal 2000. Product gross margin is expected to expand to approximately 50 percent, based on expected cost improvement, additional products and applications and assuming continued stable pricing environment for the markets we are in. Royalty revenue is expected to be greater than $30.0 million. Operating expenses are expected to result in an operating margin of greater than 38 percent. Our expected tax rate is expected to be approximately 38 percent for fiscal 2001 and earnings per share are expected to be approximately $2.90,'' he said. Securities and Exchange Commission's Regulation Fair Disclosure SST also announced its intention to adhere to the Securities and Exchange Commission's newly adopted Regulation Fair Disclosure. SST will provide its investors and analysts with guidance in the areas of total revenues, gross margins, operating margins and earnings per share each quarter in its earnings news releases and in its conference calls. SST will not provide any further guidance or updates on its performance during the quarter unless it does so in a news release. Conference Call SST's quarterly conference call will be held today, Oct. 12th at 1:30 p.m. PST. To participate in the call please dial (712) 257-3880 using pass code ``SST.'' A two-week replay will be available by calling (402) 998-1428. A webcast of the conference call will be available on www.streetevents.com and on www.vcall.com. About SuperFlash Technology SST's SuperFlash technology is a NOR type, split-gate cell architecture which uses a reliable thick-oxide process with fewer manufacturing steps resulting in a low-cost, nonvolatile memory solution with excellent data retention and higher reliability. The split-gate NOR SuperFlash architecture facilitates a simple and flexible design suitable for high performance, high reliability, small or medium sector size, in- or off-system programming and a variety of densities, all in a single CMOS-compatible technology. 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. SST's product families include high-functionality flash memory components, CompactFlash card mass storage products and 8-bit microcontrollers with on-chip flash memory. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees IBM, National Semiconductor, Motorola, Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp., TSMC-Acer Semiconductor Manufacturing Co. (TASMC) and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). TSMC offers SuperFlash under its trademark Emb-FLASH. Further information on SST can be found on the company's Web site at http://www.ssti.com. Note to Editors: The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc. MPF, ComboMemory and FlashFlex are trademarks of Silicon Storage Technology, Inc. Emb-FLASH is a trademark of TSMC Forward-Looking Statements Except for the historical information contained herein, this news release contains forward-looking statements regarding flash memory market conditions, the company's future financial performance, the performance of new products and the company's ability to bring new products to market 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 December 31, 1999 and reports on Form 10-Q for the quarters ended March 31, 2000 and June 30, 2000. Silicon Storage Technology, Inc. and Subsidiary Condensed Consolidated Statements of Operations (in thousands except per share data) Three months ended Nine months ended September 30, September 30, ---------------------- --------------------- 1999 2000 1999 2000 --------- ---------- --------- --------- (unaudited) (unaudited) Net revenues: Product revenues $32,508 $162,365 $70,734 $326,254 Technology licensing 2,639 1,356 5,732 2,967 --------- ---------- --------- --------- Total net revenues 35,147 163,721 76,466 329,221 Cost of revenues 25,941 90,086 60,945 183,645 --------- ---------- --------- --------- Gross profit 9,206 73,635 15,521 145,576 --------- ---------- --------- --------- Operating expenses: Research and development 4,581 11,989 13,794 29,246 Sales and marketing 2,574 8,558 7,039 19,061 General and administrative 1,278 3,866 2,523 10,185 In process research and development - - 2,011 - --------- ---------- --------- --------- Total operating expenses 8,433 24,413 25,367 58,492 --------- ---------- --------- --------- Income (loss) from operations 773 49,222 (9,846) 87,084 Interest and other income 170 3,197 698 6,297 Interest expense (24) (66) (75) (611) --------- ---------- --------- --------- Income (loss) before provision for income taxes 919 52,353 (9,223) 92,770 Provision for income taxes 471 16,087 536 24,324 --------- ---------- --------- --------- Net income (loss) $448 $36,266 ($9,759) $68,446 ========= ========== ========= ========= Net income (loss) per share - basic $0.01 $0.41 ($0.14) $0.81 ========= ========== ========= ========= Shares used in per share calculation 73,695 89,471 71,415 84,843 ========= ========== ========= ========= Net income (loss) per share - diluted $0.01 $0.37 ($0.14) $0.74 ========= ========== ========= ========= Shares used in per share calculation 81,489 97,563 71,415 92,818 ========= ========== ========= ========= Silicon Storage Technology, Inc. and Subsidiary Condensed Consolidated Balance Sheets (in thousands) December 31, September 30, 1999 2000 --------- ---------- (unaudited) Current assets: Cash, cash equivalents and short-term investments $1,223 $207,065 Trade accounts receivable, net 33,285 110,975 Trade accounts receivable from related parties 5,573 10,238 Inventories, net 29,766 57,097 Other current assets 3,341 10,419 --------- ---------- Total current assets 73,188 395,794 Equipment, furniture and fixtures, net 11,131 14,585 Long-term marketable securities - 31,369 Other assets 4,487 20,961 --------- ---------- Total assets $88,806 $462,709 ========= ========== LIABILITIES Current liabilities: Borrowings under line of credit facility 19,287 - Trade accounts payable 19,207 43,508 Accrued expenses and other liabilities 4,707 28,737 Deferred revenue 4,144 12,535 --------- --------- Total current liabilities 47,345 84,780 Other liabilities 446 322 --------- ---------- Total liabilities 47,791 85,102 --------- ---------- SHAREHOLDERS' EQUITY Common stock 60,570 328,660 Accumulated other comprehensive income - 56 Retained earnings (accumulated deficit) (19,555) 48,891 --------- ---------- Total shareholders' equity 41,015 377,607 --------- ---------- Total liabilities and shareholders' equity $88,806 $462,709 ========= ========== ------------------------------------------------------------------------ Contact: Stapleton Communications Inc. Leslie Green, 650/470-0200 or Silicon Storage Technology, Inc. Jeffrey L. Garon, 408/735-9110 (VP & CFO) jgaron@ssti.com |
| chinaman - Samstag, 14. Oktober 2000 - 11:13 |
| Zumindest bei Silicon Storage läuft es besser als bei International Fibercom ! :-) Gruß Chinaman Silicon Storage: Fünftes Rekordquartal in Folge Das für seine Speicherlösungen, insbesondere für seine patentierte SuperFlash-Lösung bekannte Unternehmen Silicon Storage Technology (Nasdaq: SSTI) gab gestern nachbörslich seine Ergebniszahlen für das 3. Quartal bekannt. Den nachbörslichen Aktienkursen vertrauend, müssen sie sehr gut gewesen sein. Während der Schlusskurs der Titel bei 22,44 US-Dollar lag, stiegen sie im außerbörslichen Handel bis auf über 25 US-Dollar, genaue auf 25,13 US-Dollar. Bing Yeh, seines Zeichens CEO und Präsident von Silicon Storage zeigte sich sehr zufrieden mit den Zahlen, die insgesamt bereits zum fünften Mal hintereinander Rekordzahlen darstellen. Die Nettoumsätze betrugen demnach 163,7 Mill. US-Dollar und stellen eine Steigerung von 59 Prozent gegenüber 103,2 Mill. US-Dollar aus dem 2. Quartal diesen Jahres und 366 Prozent gegenüber 35,1 Mill. US-Dollar aus dem vergleichbaren 3. Quartal des Vorjahres dar. Die Erträge konnten ebenfalls kräftig zulegen. Während man vor einem Jahr lediglich einen Cent je Aktie oder 450.000 US-Dollar an Gewinn ausweisen konnte, lag der Ertrag im 2. Quartal 2000 bereits bei 22,5 Mill. US-Dollar oder 24 Cents je Aktie. Im am 30. September 2000 beendeten 3. Quartal erwirtschaftete man einen Gewinn von 37 Cents je Aktie oder 36,3 Mill. US-Dollar. Die Analystenerwartungen wurden somit um 1 Cent je Aktie übertroffen. Auch auf die nächsten Quartale kann man erwartungsvoll blicken, denn laut Yeh ist die Nachfrage nach Silicon Storage-Produkten weiterhin ungebrochen stark und auch der Gesamtmarkt zeigt keinerlei Ermüdungserscheinungen. Auf die heutigen Aktienkurse darf man also gespannt sein. |
| mib - Montag, 16. Oktober 2000 - 15:42 |
| SST Enters Serial Flash Memory Arena; SST's Expansion into Serial Flash Market Underscores the Company's Product Diversification Strategy Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 16, 2000--SST (Silicon Storage Technology, Inc.)(Nasdaq:SSTI) today announced it has entered the application-specific serial flash memory market with the introduction of a new product family. SST's SPI (serial peripheral interface) serial flash family will initially consist of three products: the SST45VF512, a 512 Kbit device, the SST45VF010, a 1 Mbit device, and the SST45VF020, a 2 Mbit device. All three products are based on SST's proprietary, high-performance SuperFlash technology and therefore feature many benefits over competing serial flash products on the market today. Serial flash memory uses a three-wire interface, thereby resulting in a lower pin-count, which is beneficial to applications requiring a small footprint, low-cost flash memory solution. SST's serial flash products utilize the industry standard SPI protocol and are in-system reprogrammable. Due to their low power consumption and small footprint, SST's serial flash products offer ideal code storage solutions in battery-powered applications such as micro disk drives, smart cards, MP3 players, cordless telephones, Bluetooth modules and GPS modules. SST's serial flash products are also targeted towards industrial applications such as medical monitors, handheld terminals, bar code readers and certain automotive applications. When compared to other nonvolatile memory solutions, such as parallel EEPROMs, SST's serial flash products use fewer wires to transfer data to and from a system CPU, thereby creating an overall savings in board space, power consumption and device cost. Because of the small die sizes of SST's serial flash products, the company is able to offer high-density products in smaller packages compared with some competing solutions. For example, SST offers a 2 Mbit serial flash product in a small 8-pin SOIC (small outlined integrated circuit) package, whereas competing 2 Mbit serial flash products may require higher pin-count packages such as 28-pin SOIC or 32-pin PLCC packages. SST's small 8-pin SOIC package requires minimal board space, thus resulting in an overall reduction in system cost and making miniature product designs possible. "Our entrance into the serial flash memory market is another example of SST's product diversification strategy," said Mike Briner, vice president, Application Specific Products Group at SST. "Customers requiring a serial flash memory solution will now be able to benefit from all the advantages our SuperFlash technology has to offer -- low cost, smaller die size, small sector size, high reliability and CMOS compatibility. SST is also capable of quickly ramping up to very high volumes of the serial flash products through our world-class manufacturing partners and technology licensees." SST's application-specific flash memory products are non-commodity flash memory solutions that provide customers with features and benefits targeted towards specific end-use products. Like all of SST's products based on SuperFlash technology, the new serial flash devices feature small sector erase capability. This allows designers to seamlessly partition code or data into 4 KByte sectors, resulting in faster erase times and an overall increase in system performance. -0- Key Features of Serial Flash Products -- Single 2.7V-3.6V Read and Write Operation -- Single Interface Architecture -- SPI Compatible:0 Mode 0 and Mode 3 -- Byte Serial Read with Single Command -- Superior Reliability with SST's SuperFlash Technology -- 100,000 cycles endurance (typical) and greater than 100 years of data retention -- Low Power Consumption -- Active current: 20 milliamperes (typical) -- Standby current: 10 microamperes (typical) -- Sector or Chip-Erase Capability -- Uniform 4 KByte sectors -- Fast Erase and Byte-Program -- Chip-erase time: 70 milliseconds (typical) -- Sector-erase time: 18 milliseconds (typical) -- Byte-program time: 12 microseconds (typical) -- Automatic Write Timing -- Internal Vpp Generation -- End-of-Write Detection -- Software status -- 10 MHz Max Clock Frequency -- Hardware Reset Pin (RESET#) -- Resets the device to Standby Mode -- CMOS I/O Compatibility -- Hardware Data Protection -- Protects and unprotects the device from Write operation -- Packages Available -- 8-pin SOIC (4.9 mm x 6 mm) Pricing and Availability SST's Serial Flash Product Family Part number Price Sampling Volume Package (in 100K Production unit quantities) SST45VF512 $0.85 December February 8-pin SOIC 2000 2001 (4.9 mm x 6 mm) SST45VF010 $1.15 Now October 8-pin SOIC 2000 (4.9 mm x 6 mm) SST45VF020 $1.50 March 2001 May 8-pin SOIC 2001 (4.9 mm x 6 mm) -0- About SuperFlash Technology SST's SuperFlash technology is a NOR type, split-gate cell architecture which uses a reliable thick-oxide process with fewer manufacturing steps resulting in a low-cost, nonvolatile memory solution with excellent data retention and higher reliability. The split-gate NOR SuperFlash architecture facilitates a simple and flexible design suitable for high performance, high reliability, small or medium sector size, in- or off-system programming and a variety of densities, all in a single CMOS-compatible technology. 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. SST's product families include high-functionality flash memory components, flash mass storage products and 8-bit microcontrollers with on-chip flash memory. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees IBM, National Semiconductor, Motorola, Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp. and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). TSMC offers SuperFlash under its trademark Emb-FLASH. Further information on SST can be found on the company's Web site at http://www.ssti.com For more information about SST and the company's comprehensive list of product offerings, please 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 http://www.ssti.com. SST is located at 1171 Sonora Court, Sunnyvale, Calif.; telephone: 408/735-9110; fax: 408/735-9036. Note to Editors: The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc. Emb-FLASH is a trademark of TSMC. All other trademarks or registered trademarks are the property of their respective holders. |
| chinaman - Samstag, 25. November 2000 - 05:29 |
| Gefunden in Ausgabe 36 von iWatch. Die Analysten dort haben Auch Gefallen an mib’s Liebling gefunden. :-) Gruß Chinaman Silicon Storage (SSTI, 898163) $15,62 Dafuer, dass Silicon Storage noch Anfang 1998 zu den Pfennig- Aktien zaehlte, ist der Kurs von $15,6 ziemlich hoch! Dafuer, dass der Kurs jedoch am 22. Juni dieses Jahres bei $38,9 lag, ist der Absturz auf $15,6 ziemlich drastisch. Wenn Sie sich einmal das Speichermedium Ihrer digitalen Kamera ansehen, dann werden Sie ungeachtet des grossen Markennamens vermutlich in einer Ecke den Namen Silicon Storage entdecken koennen. Flash Memory Cards werden von Silicon Storage an IBM, Motorola, Samsung und Analog Devices lizenziert. Das besondere an diesen kleinen Karten: Sie behalten die gespeicherten Informationen auch ohne Stromzufuhr. Das Angenehme an Silicon Storage: Vierzig verschiedene Produkte werden vertrieben. Die Produkte halten sich an allgemeine Standards und sind somit kompatibel zu verschiedenen Geraeten. Ein weiterer Pluspunkt: Silicon Storage produziert ein Produkt, welches selbst vom Laien eingesetzt werden kann. Meiner Ansicht nach werden sich kuenftig ausschliesslich diejenigen Produkte durchsetzen, deren Anwendung einfach ist. Ohne erforderliche Stromquelle und ohne langwieriges Konfigurieren kann die Speicherkarte einfach zwischen meiner digitalen Kamera und meinem Laptop hin und her gesteckt werden. Die darauf gespeicherten Daten sind (ohne Neustart!) sofort verfuegbar - einfach und gut. Das Geschaeft brummt, der Umsatz wuchs im 3. Quartal 2000 um ueber 300% im Vergleich zum Vorjahresquartal an. Auch das Ergebnis von 37 Cents je Aktie kann sich sehen lassen. Auf Basis der gewinnschaetzung fuer das naechste Jahr von $2,43 ergibt sich bei aktuellem Kursniveau ein KGV01e von 6! Und das bei durchschnittlich erwarteten Wachstumsraten von ueber 50% fuer die naechsten Jahre. Der Jahresumsatz betraegt derzeit rund $377 Mio. Die Marktkapitalisierung liegt bei $1,4 Mrd. Somit ergibt sich ein KUV von 3,8. Der operative Gewinn betraegt derzeit 20%. Ich fasse zusammen: Das Produkt stimmt. Das Bewertungsniveau stimmt. Schauen wir uns nun noch die Charttechnik an: In diesem Jahr kommt der Kurs von $8, stieg auf ueber 38 und wird nun gemeinsam mit der Korrektur in der Nasdaq wieder zurueckgefuehrt. Dabei hat sich jedoch die geschaeftsliche Lage kontinuierlich verbessert: Seit September 1999 lesen sich die Quartalsergebnisse folgendermassen: 1 Cent, 7 Cent, 11 Cent, 24 Cent, 37 Cent. Eine starke Unterstuetzungslinie sehe ich bei $10. Kurse darunter sind klare Kaufkurse. Eine etwas schwaechere Unterstuetzung liegt beim aktuellen Kurs von $15. Das aktuelle Niveau kann genutzt werden, um kleine Positionen aufzubauen. Fazit: Vielen Dank an den Leser, der mich auf diese Aktie aufmerksam gemacht hat. Aufgrund der gesunden Geschaeftsentwicklung der letzten beiden Jahre sehe ich den Kurs mittelfristig wieder bei $20. Im laufe des naechsten Jahres koennen dann wieder alte Hoechstkurse erreicht werden. |
| chinaman - Montag, 15. Januar 2001 - 09:05 |
| Mib fokussiert sein Auslandsdepot immer stärker auf SSTI. Auch FTD traut der Aktie viel zu. :-) Gruß Chinaman 12.01.2001 Silicon Storage Kursziel 27 USD Financial Times Deutschland Die Wirtschaftsexperten der Financial Times Deutschland sehen bei den Aktien der Silicon Storage (WKN 898163) ein Kursziel von 27 US-Dollar. Das Unternehmen entwickele und vermarkte Strom und Platz sparende Flash Memorys (nicht flüchtige Speicher), die als Medium der Zukunft für tragbare Funk- und Internet-Geräte gelten würden. Zudem würden die Chips den Einsatz bei Standardprodukten und anwendungsspezifischen Speichern finden. Silicon Storage generiere ihre Umsätze durch Lizenzen, die beispielsweise an IBM und Motorola gehen würden. Wegen reduzierter Einschätzungen der Wachstumsraten bei den Handys sei der Titel im Vorjahr unter Druck geraten. Mit einem Kurs-Gewinn-Verhältnis von 5,5 für 2001 sei die Aktie so billig wie noch nie, so die Wirtschaftsexperten der Wirtschaftszeitung. |
| mib - Montag, 15. Januar 2001 - 15:27 |
| diese starke Uebergewichtung ist zwar zugegebenermassen Ausdruck meiner sehr hohen positiven Erwartungen, aber KEINE gesunde Gewichtung!!! Daher wird nach dem "pop", mit dem ich kurzfristig rechne (wenn die Nasdaq mitspielt), die SSTI Position wieder reduziert werden. |
| chinaman - Montag, 15. Januar 2001 - 16:19 |
| Der Start des Auslandsdepots ins Jahr 2001 war jedenfalls gut. Warum wird eigentlich das Auslandsdepot nicht bei httP.//www.depotspider.de geführt ??? :-) Gruß Chinaman |
| mib - Montag, 15. Januar 2001 - 17:43 |
| nach der performance des letzten Jahres eruebrigt sich diese Frage eigentlich.... :-))) |
| chinaman - Montag, 15. Januar 2001 - 17:47 |
| Keineswegs. Reine US-Depots wie Stockworld haben nach meiner Erinnerung schlechter abgeschnitten als Dein Auslandsdepot. :-) Gruß Chinaman |
| stw - Montag, 15. Januar 2001 - 19:13 |
| Ich habe im letzten Jahr mal beim Depotspider angefragt, ob die nicht auch das techno- und das Auslandsdepot aufnehmen wollen. Damals bestand kein Interesse, da sie die Anzahl der beobachteten Depots verständlicherweise eingrenzen wollen. Aber wenn ich mir sehe, was die für einen Schrott jetzt da neu dabeihaben... "der Aktionär" übrigens hat sich mir nix, Dir nix entschlossen, nochmal neu anzufangen, das ist echt ein Witz... :-) stw |
| mib - Donnerstag, 25. Januar 2001 - 16:03 |
| Sandisk gestern abend mit durchwachsenen Zahlen und sehr negativen Ausblick auf die naechsten 2 Quartale. SNDK verlieren heute bisher 30% und in deren sog verlieren SSTI, die heute nach Boersenschluss berichten, um 20%. |
| chinaman - Donnerstag, 25. Januar 2001 - 16:08 |
| Also auf SSTI bin ich jetzt wirklich gespannt, Du warst ja sehr optimistisch, mib. Halte uns unbedingt auf dem laufenden ! :-) Gruß Chinaman |
| mib - Donnerstag, 25. Januar 2001 - 16:09 |
| SSTI verschiebt wohl die Bekanntgabe der Quartalszahlen und es gibt jetzt bestimmt im Gefolge von SNDK auch downgrades... das gefaellt mir alles nicht so besonders... :-( Mib |
| mib - Donnerstag, 1. Februar 2001 - 22:57 |
| SSTI's Zahlen sind raus. Sie sind dergestalt, dass ich dazu erstmal gar nichts sagen moechte und das erstmal verdauen muss... http://biz.yahoo.com/bw/010201/ca_silicon.html :-( Mib |
| soleneve - Freitag, 2. Februar 2001 - 12:47 |
| So schlecht sind die Zahlen ja gar nicht, und die schlechten Aussichten fürs erste Quartal sind m.E. ziemlich im Kurs drin. Sonst wäre der nicht so weit unten. Trotz allem sonnige Grüße Soleneve |
| mib - Freitag, 2. Februar 2001 - 15:15 |
| also ich bin schon sehr enttaeuscht von den Zahlen. Das die Erwartungen fuer das vergangene Quartal so deutlich verfehlt wurden, hat mich doch ueberrascht. Nach den Aussagen von Intel, Atmel und AMD hatte ich gedacht,dass die "flash memory Welt" noch einigermassen in Ordnung sei (mein Gott, wie katastrophal muss es dann erst in den anderen Sektoren der chip Industrie laufen!!! - wann geht die Saison der Gewinnwarnungen wieder los???). Der Ausblick fuer 2001 wird mener Meinung nach von vielen Unternehmen jetzt bewusst pessimistisch gestaltet. Das laesst dann etwas Luft fuer den Fall, dass es doch zu einer laengeren Rezession kommt und ermoeglicht es, positiv zu ueberraschen falls es im 2. Hj tatsaechlich wieder "bergauf" geht. Obwohl das KGV mit ca. 12 nicht ueppig ist, sehe ich aber auch inicht, wieso eine deutlich hoehere Bewertung gerechtfertigt sein sollte. Warten wir mal ab, wie sich die Aktie heute entwickelt.... ein doch sehr enttaeuschter - Mib |
| chinaman - Montag, 5. Februar 2001 - 16:09 |
| iWatch zu SSTI :-) Gruß Chinaman IV. SILICON STORAGE: NACHBETRACHTUNG UND UPDATE Silicon Staorage (SSTI) $13,04 Nein, ich bin kein Hellseher. Die Zahlen von Silicon Storage vermittelten mir den Eindruck, dass sich dieses Unternehmen der PC-Flaute entziehen koenne. Nun, langfristig sieht Silicon Storage nach wie vor wie ein Gewinner aus Die aktuellen Turbulenzen der Branche gehen jedoch auch an SSTI nicht spurlos vorrueber. Wohl dem, die meiner Empfehlung zufolge eine Stopp-Loss Order bei $15 ins Depot gelegt hat. Nach enttaeuschenden Quartalszahlen und einem trueben Ausblick ist der Kurs vorruebergehend sogar unter $13 gefallen. Dies geschah jedoch bereits von einer Woche, als einer der Wettbewerber (Scandisk) ebenfalls enttaeuschende Zahlen lieferte. Wie sieht's nun aus? Nun, mit einer Verdreifachung des Umsatzes gegenueber dem Vorjahresquartal und einer Versechsfachung des Ergebnisses auf 42 Cents je Aktie legt SSTI eine beeindruckende Entwicklung vor. Jedoch haben Analysten ein wenig mehr, naemlich 46 Cents je Aktie erwartet und behaupteten, dies sei im aktuellen Kursniveau bereits beruecksichtigt. Der eigentliche Schock kam mit dem Ausblick: SSTI schraubte die Erwartungen fuer das laufende Jahr erheblich zurueck: Nicht mehr $2,48 sondern nur noch $1,46 solle im laufenden Jahr verdient werden. Damit ergibt sich auf dem aktuellen Niveau ein KGV 01e von 9. Analysten haben SSTI abgestuft und setzen 12-Monatsziele von $15 bis $20. Ein Leser hat es treffend formuliert: Ein niedriges KGV deutet haeufig auf die bevorstehenden Probleme hin. Okay, jedoch ist auf dem aktuellen Kursniveau noch einiges an Spiel fuer weitere Negativ-Ueberraschungen enthalten. Positive Meldungen jedoch werden meiner Ueberzeugung nach in den kommenden Wochen und Monaten fuer einen unmittelbaren Kursanstieg sorgen. So wuchs der Umsatz von SSTI beispielsweise im Vergangenen Jahr um 293%, waehrend das Branchenwachstum fuer Flash-Cards lediglich bei 116% lag. Fazit: Je nach Boersenentwicklung koennen schwache Tage zum erneuten Aufbau von SSTI-Positionen genutzt werden |
| mib - Dienstag, 6. Februar 2001 - 04:34 |
| das ist alles schoen und gut, wenn es nicht zu einer Rezession kommt und wenn die ohen Lagerbestaende abgebaut werden koennen. Das ist ne ganze Masse 'wenn'.... ein nachdenklicher Mib |
| chinaman - Dienstag, 6. Februar 2001 - 14:30 |
| Der Individual Investor nimmt sich das Management von SSTI wegen deren Prognosegebaren etwas kritisch "zur Brust". :-) Gruß Chinaman SSTI Slashes Profit Outlook In a Flash Page: 1, 2 http://www.individualinvestor.com Research Analyst: Christopher Conry (2/2/01) Investors befuddled by the precipitous decline in shares of Silicon Storage Technology (NASDAQ: SSTI - Quotes, News, Boards) in the last few months may have finally gotten the answers they've patiently been waiting for. Unfortunately, the answers probably weren't the kind that most wanted to hear. The company reported earnings of $0.42 a share (excluding a $0.03 per share acquisition charge), on net revenues of $161 million. When you compare it to 1999's fourth quarter, when it earned $0.07 a share on $48.3 million in net revenues, the numbers look pretty impressive. For cyclical semiconductor plays like SST, however, the benchmark is different. It's all about momentum. And momentum is measured in terms of sequential, or quarter-to-quarter, growth. Compared to third-quarter share earnings of $0.37 and net revenues of $163.7 million, the results look significantly more benign. Still, the fourth quarter wasn't that bad, given the abysmal semiconductor backdrop in November and December. That's when the combination of lower-than-expected demand for cellular phones, PCs and networking devices caused a glut in chip inventories that choked the entire industry pipeline. A rash of order cancellations and "push-outs" into the future have even put a dent in likes of chip heavyweights Intel (NASDAQ: INTC - Quotes, News, Boards) , Texas Instruments (NYSE: TXN - Quotes, News, Boards), Advanced Micro Devices (NYSE: AMD - Quotes, News, Boards) , and many others. And it looks like SST may have met or exceeded analysts' EPS expectations of $0.47 a share if not for a decision to allow returns from high-volume customers overwrought with product. Ironically, production of these items tied up capacity that could have been deployed to other product areas in short supply. Although it established a $15 million revenue provision for the inventory in the quarter, management indicated the quality of product is not in question, and will be restocked and resold going forward. All other things being equal, Wall Street may well have given Silicon Storage the market version of a "mulligan" on its scorecard for the fourth quarter. Not so fast -- here's the catch. Just three months ago, management followed up the company's third-quarter earnings announcement with bold earnings guidance of $2.90 a share for 2001 -- a whopping 157% increase over the just-announced $1.13 a-share figure for 2000. CEO Bing Yeh predicted that SST's market dominance in low-density flash memory should only result in slight price declines this year. The difference would be made up through increased licensing revenues and the ramp-up of chip production at lower geometries - both of which would continue to fuel strong margin growth. Management remained tight-lipped throughout the quarter about any changes to its guidance, even as the collapsing PC market and evidence of sluggish consumer demand for electronic goods made Yeh's previous prediction that much more unlikely. Even the usually agreeable Wall Street analysts could no longer tow the line on this one, lowering estimates to as low as $1.94 for the year well in advance of the next earnings release. Meanwhile, the stock dropped as low as $9 in December - from split-adjusted highs near $40 a share last June - as the tailspin in semiconductors and most Nasdaq stocks reached a fever pitch. It would appear that management had ample opportunities to show its cards and let the chips fall where they may at a juncture where things couldn't get any worse. Instead, the company waited until its earnings release to slash and burn its previous estimates. And slash and burn it did. In the current quarter, the company expects market weakness will likely pin company earnings down to $0.25 to $0.29 a share, well below analysts' estimates ranging from $0.40 to $0.60 a share. For the full year, management is now "conservatively" offering share-earnings guidance of $1.50 to $1.75. Prior to the announcement, the analyst earnings consensus estimate stood at $2.48 a share, according to First Call/Thomson Financial. Needless to say, that's a mighty large drop-off from the wildly bullish guidance offered just over three months ago. What does this all mean to SST investors? The initial reaction wasn't so positive, as the shares dropped another buck and change, to $13, in after-hours trading following the announcement. The stock closed the day session at $14.56. Moreover, the new target range was predicated on an assumed return to more healthy economic conditions that would spur a marked recovery in demand for flash memory. However, you could argue that the news seemed to already be factored in to the current stock price, given its P/E of 8.7 using the low end of management's earnings guidance. A strong cash position (as of 9/30/00, $207 million in cash and no debt) should help SST secure additional foundry capacity and boost its foray into higher-margin flash products and other licensing revenue streams, even as it nudges closer to the realm where well-established flash players like AMD reside. Bottom Line: For now, management deserves an "F" for managing Wall Street and investor expectations. That's an important area to work on if Silicon Storage plans to ultimately make the grade. |
| mib - Dienstag, 6. Februar 2001 - 18:02 |
| interessanterweise wird bei SSTI seit kurzem von Institutionellen wieder beherzt zugegriffen... http://www.companysleuth.com/report.cfm?moduleID=32&ticker=SSTI (wer sich das Auslandsdepot ansieht, wird dafuer machmal mit SEHR brauchbaren links belohnt... :-))) Gruss - Mib |