DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Semiconductor-Memory Chip Stocks: Micron Technology Inc. (NYSE: MU), Silicon Storage Technology Inc. (Nasdaq: SSTI), Rambus Inc. (Nasdaq: RMBS), SanDisk Corp. (Nasdaq: SNDK), Qimonda AG (NYSE: QI) and Ramtron International Corp. (Nasdaq: RMTR).
In the Trade Alert, the author highlights Micron Technology’s cooperation with Sun Microsystems to produce a new single-level cell technology:
“Micron Technology Inc. (MU) shares dropped 19.73% to $2.44 Monday morning. Micron Technology, together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. … The company recently announced it entered a collaboration with Sun Microsystems Inc., to develop a new single-level cell (SLC) enterprise NAND technology. This dramatically extends the lifespan of flash-based storage for enterprise applications, resulting to production devices capable of achieving one million write cycles. The new technology delivers the highest write/erase cycling capability of any NAND technology available on the market.”
The Trade Alert author also featured Silicon Storage Technology’s lowering of its fourth-quarter revenue projection due to the global economic slowdown:
“Silicon Storage Technology Inc. (SSTI) shares fell 7.14% to $2.43 Monday morning. Silicon Storage supplies NOR flash memory semiconductor devices for the digital consumer, networking, wireless communications and Internet computing markets. … On weak demand and slowdown of the global economy, the company recently lowered its revenue projection for the fourth quarter and said it would cut 120 jobs, or about 17% of its work force. Silicon Storage now projects revenue to be in the range of $56 million and $58 million, compared with previous estimates of between $63 million and $68 million. It also said it now expects a net loss of between 11 cents and 13 cents per share, compared with previous guidance of between 7 cents and 12 cents per share.”
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Jeff Bishop, (469)-252-3505