BlueStone Capital Partners Announces Investment Opinion on Silicon Storage Technology.NEW YORK--(BUSINESS WIRE)--Dec. 8, 1999-- BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital Partners, L.P. Downgrades Silicon Storage Technology, Inc.(a) (SSTI-NASDAQ $42.00) to a 2-1 from 1-1; Company Outlook Remains Exceptionally Strong Senior Analyst Steve Loewengart downgraded Silicon Storage Technology, Inc In the late 1980s, Bing Yeh and his cofounder assembled a small team of engineers in a rented office on Apollo Way in Sunnyvale, Calif., to develop a new breed of nonvolatile memory technology—SuperFlash—for code or data storage in electronic systems and embedded memory for .'s (SSTI-NASDAQ-$42.00) rating to 2-1 from 1-1 on the recent share-price appreciation. Analyst's Summary -- We are downgrading our rating of SSTI SSTI State Science & Technology Institute (Westerville, OH) SSTI Skin and Soft Tissue Infection SSTI Small Spacecraft Technology Initiative SSTI Skin and Skin Structure Infection SSTI Six Sigma Technical Institute to 2-1 from 1-1 (intermediate-term rating--Outperform to Market Perform). We believe that the current share price reflects the current potential of the company and that share-price movement over the next 12 months should be in line with the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on market. We emphatically believe that SSTI's SuperFlash(R) technology will be an integral part of tomorrow's electronic devices. Although we reiterate our positive outlook for strong future earnings performance, we believe that the shares are now properly valued. -- Although, in our opinion, SSTI can no longer be viewed as an undervalued company undervalued company A firm whose assets and potential earning power are not adequately reflected in its stock price. Although such firms are more likely to be subject to takeover attempts than others, determining whether a particular firm is actually , we are raising our intermediate and long-term price targets to $48 and $56, respectively, from $32 and $36. We believe such growth, at least in the intermediate term, to be in line with our estimated 20% NASDAQ growth rate. BlueStone Capital Partners, L.P. is a full-service investment banking and brokerage firm that delivers financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to emerging growth and medium-size companies worldwide. BlueStone Capital assists clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. (a) BlueStone Capital Partners, L.P. makes a market in this security. |
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