Thursday, June 23, 2016 9:17:02 AM
Well put, sir. You articulated my rants in a clearer fashion. We have been living on the edge with Pegatron for too long. Whether
they stop paying or decline with Apple, they have a major effect
on revs. As you noted, we are seeing the weasel effect from the
company on future rev growth- fool me once, shame on you, fool me
twice..... I am in your exact situation. Here since '99 on promises
of engine and transmission, hockey stick, $800MM annual revs that
become $500MM and now they even are starting to wimp on that. IMO,
as stated before, IDCC only hits even the lower $500MM number with
back to back $125MM Q's. Huawei helps but doesnt get us there alone.
How long is the board gonna let this go on? BM needs to own that
promise or go based on the failure to get there.
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