Simtek Issues Open Letter to Shareholders and EmployeesSimtek's Open Letter to Shareholders and Employees (December 2007)
December 19 2007 - 6:53PM
Business Wire
Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and
world�s premier supplier of nonvolatile static random access memory
(nvSRAM) integrated circuits, today issued an open letter to
shareholders discussing the status of the Company and recent stock
performance. Highlights of Issues Discussed Reaffirmed guidance
that product revenue for 2007 will be in the range of $32 to $33
million and gross margins near 50% Investment in new high density
non-volatile RAM initiative in 2007 will be about $0.08 per share
Analysis of Simtek�s share price, trading near historical lows,
despite strong operating performance Projected revenue from new
designs in the first nine months of 2007 exceeds that of all
designs won during 2006 Four new products � 4 and 8 megabit devices
with and without Real Time Clock, expected to be launched into
production in 2008 Simtek-Cypress relationship providing many
important benefits � � � � � � -- � Design engineering resources
and disciplines enhanced significantly � � -- Process relationship
expected to provide access to manufacturing technologies beyond 130
nanometer to sub-100 nanometer process nodes � � -- Customer
confidence in Simtek nvSRAM strengthened, opening doors to higher
volume programs than ever before Attached is the full content of an
open letter to shareholders issued by Simtek President and CEO,
Harold Blomquist. Download the Open Letter to Shareholders at
Simtek�s IR site at: http://www.mkr-group.com/SMTK/
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