SSTI SoundThinking Inc

SST Updates Guidance on Expected First Quarter 2004 Results Announces First Quarter 2004 Earnings Release Date SUNNYVALE, Calif., March 30 /PRNewswire-FirstCall/ -- SST (Silicon Storage Technology, Inc.) announced today that its revenue in the first quarter is expected to be between $100 and $104 million versus previous guidance of $94 to $100 million. Gross margin is expected to be in the range of 36 and 39 percent, versus previous guidance of between 31 and 33 percent. Earnings per share is expected to be between $0.10 and $0.14, versus previous guidance of between $0.08 and $0.10. "While, traditionally, our first quarter results are seasonally weaker than the prior quarter, firming average selling prices across all densities, increase shipments of higher density products and improved manufacturing cost are expected to contribute to stronger results than our previous guidance," said Bing Yeh, president and CEO. SST will announce its first quarter financial results on Wed., April 21st, 2004. A press release will be transmitted to the news media immediately following the close of the market on April 21st, and the company will hold a conference call to discuss the results at 1:30 p.m. PDT. Those wishing to participate in the conference call should dial 888-428-4480 using the password "SST" at approximately 1:20 p.m. PDT. A replay of the call will be available for two weeks by dialing 800-475-6701 using the access code "716440". A webcast replay of the conference call will be available until the next earnings conference call on the company's Web site at http://www.sst.com/events. 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 marketsa 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 familiesinclude various densities of high functionality flash memory components, flash mass storage products and flash microcontrollers. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees including 1st Silicon (Malaysia) Sdn. Bhd., Grace Semiconductor Manufacturing Corporation (Grace), IBM, Motorola, Inc., National Semiconductor Corporation, NEC Corporation, Oki Electric Industry Co. Ltd., Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp., Shanghai Hua Hong NEC Electronics Co., Ltd., Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), Toshiba Corporation, Vanguard International Semiconductor Corporation, and Winbond Electronics Corp. TSMC offers embedded SuperFlash under its trademark Emb-FLASH. Further information on SST can be found on the company's Web site at http://www.sst.com/. 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 Annual Report on Form 10-K for the year ended December 31, 2003. For more information about SST and the company's comprehensive list of product offerings, please call 1-888/SST-CHIP. Information can also be requested via email to or through SST's Web site at http://www.sst.com/. SST's head office 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. Emb-FLASH is a trademark of TSMC. All other trademarks or registered trademarks are the property of their respective holders. For More Information Contact: Jack K. Lai Vice President & Chief Financial Officer Silicon Storage Technology, Inc. 408-735-9110 Leslie Green Stapleton Communications Inc. 650-470-0200 DATASOURCE: Silicon Storage Technology, Inc. CONTACT: Jack K. Lai, Vice President & Chief Financial Officer of Silicon Storage Technology, Inc., +1-408-735-9110, or ; or Leslie Green of Stapleton Communications Inc., +1-650-470-0200, for SST Web site: http://www.sst.com/

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