SST Updates Guidance on Expected Fourth Quarter 2004 Results
2004年12月21日 - 6:30AM
PRニュース・ワイアー (英語)
SST Updates Guidance on Expected Fourth Quarter 2004 Results
SUNNYVALE, Calif., Dec. 20 /PRNewswire-FirstCall/ -- SST (Silicon
Storage Technology, Inc.)(NASDAQ:SSTI) announced today that its
revenue in the fourth quarter is expected to be between $102 and
$108 million versus previous guidance of $120 to $130 million. Due
to current market conditions, the company expects to record an
inventory charge of between $20 and $25 million for excess
inventory and to write certain products down to their current
estimated market values. As a result, gross margin for the fourth
quarter is expected to be in the range of 1 and 3 percent, versus
previous guidance of between 28 and 32 percent. In addition, the
company has completed a preliminary valuation of the G-Plus
acquisition and expects to record a non-cash charge of
approximately $5.5 million related to purchased in-process research
and development. Loss per share on a GAAP basis is expected to be
between $0.24 and $0.28, versus previous guidance of earnings per
share between $0.10 and $0.12. The shortfall in revenue is
primarily due to lower than expected demand across all segments and
decreasing average selling prices caused by industry-wide
oversupply and increased competition. Despite the revenue
shortfall, unit shipments are expected to increase by approximately
10 percent to mark another record quarter with respect to units
shipped. 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 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 and on Form 10-Q for the quarter
ended March 31, June 30 and September 30, 2004. 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 Silicon Storage Technology, Inc. Web
site: http://www.sst.com/
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