SST Comments on Expected Fourth Quarter 2001 Results and Announces Earnings Release Date

1/17/2002 - SST (Silicon Storage Technology, Inc., NASDAQ: SSTI), announced today that it will take a charge to inventory in the fourth quarter of between $9 and $12 million relating to lower of cost or market and replacement valuation adjustments and potential obsolescence reserves. The company will also take a one-time charge for asset impairment, including patent and equity investments, in the range of $3 to $4 million. Excluding all charges, earnings per share are expected to be approximately breakeven. Including all charges, loss per share is expected to be in the range of $0.08 to $0.11.

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