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Riley Investment reports 3.8% interest in Silicon Storage Technology
By Lisa Kerner
Charlotte, N.C., Feb. 18 - A group of Silicon Storage Technology, Inc. investors led by Riley Investment Management LLC sold 3,192,725 shares between Jan. 5 and Feb. 13 priced from $1.90 to $2.25 each, according to a schedule 13D filing with the Securities and Exchange Commission.
Riley and its affiliates beneficially own 3,644,264 shares, or 3.8%, of the company's outstanding shares.
Silicon Storage, based in Sunnyvale, Calif., provides flash memory semiconductor devices for the digital consumer, networking, wireless communications and internet computing markets.
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