Tough year sees SST double losses

FLASH MAKER SST lost $49.7 million on revenues of $411.7 million for the year ended 31 December 2007.

In 2006 SST lost $20 million.

The firm said Q4 revenue was $107.4 million returning a loss of $24 million of which $19 million was write downs on investments and assets and that it finished the year with $162 million in cash.

According to Bing Yeh, president and CEO, the year 2008 represents "a new beginning on many fronts," for the company.

"We continue to be encouraged by favourable technology trends that are driving the need for flash memory in an increasing number and variety of devices, as well as driving the demand for the high-performance, low-power and small package advantages of our SuperFlash technology. Further, we are excited about the potential of our non-memory and non-commodity memory products and believe that they will have a significant and positive impact on our business for years to come."

Might as well be positive. µ