SST Expects 3Q09 Revenues at $69-$71 Million

SST (Silicon Storage Technology, Inc.) revised its estimates to reflect an improvement in its expected results for the third quarter, ending Sept. 30, 2009.

SST expects its third quarter revenues to be between $69 and $71 million, up from the previous estimates of between $61 million and $68 million, given on July 28, 2009. Net income per share is now expected to be between $0.00 and $0.03, up from the previous estimate of a net loss per share of between $0.07 and $0.03. This improvement in expected results is due to stronger than anticipated product and licensing revenues in the quarter as well as increased dividends on investments and lower operating expenses.