Atlas Technology International Inc. (fka ATLT)

[LW89]

Licensing margins may be higher -- but revenues on licensing is generally way lower.

It's like insurance -- if you underwrite it and take the risk you get 20% margins on $300/mo --- so say $60....but if it is not-underwritten (licensed) you get 80% margins on $25/mo.

Don't buy into the higher margins story - it will only help if there is a capacity shortage which would squeeze margins for ATLT under its current business model which is based on a capacity glut.