Hlit's notes
CEO was the most optimistic he's ever been.
20% Q to Q growth
Gross margins -40% highest in 4 years.May hit 45% later this year
China was the largest customer by far outside the US, much more revenue than any other country-this was never the case before.
CEO said the SkyPerfect in Japan is going to be very big, he said the biggest single contract they have ever gotten-we are talking high double digits,maybe more.
Believes they are well positioned for the next few years
Will start shipping H.264 and WM-9 this year to telcos and other providers
These guys are extremely conservative and many times sound like the earth is going to get scorched when they talk to the ANALysts.They only report sales when the contracts are finished.In following this company for 5 years,the CEO has never sounded this upbeat. NEVER!
Look for 70- 80 million by the 3rd Q. 53 million is break-even. They'll do 100 million a q next year-this should move very easily to the top of the list here.Your .25c Q will occur here by the latest in mid 05, maybe by the 4th Q 04.
