jaybird...CNTF! Stock price = $0.73. Cash per share = approx $2.36. (Cash = $103.5M). Little to NO LT debt. A/R = $40M. A/P = $40M. Market cap = $31.6M. Book value (shareholder equity) = approx $4.38 a share. Approx 43.5M shares FD outstanding. NO dilution. $10M share buyback approved but has not yet started. F/Y 2008 rev est = $200M. F/Y 2008 net income est = $10M. F/Y 2008 EPS = $0.23. Trades on the NASDAQ.
- "Looking to the fourth quarter, we expect operating costs to fall significantly due to the completion of our corporate restructuring and we will focus on the development of the Google Android phone. The test products of the Android phone will be available in the fourth quarter and we target a commercial launch by the end of the first quarter of 2009." - "The Company expects revenues in the fourth quarter of 2008 to be in the range of US$43 million to US$48 million. The Smartphone products in China are the major revenue drivers for the fourth quarter and the overseas markets including South East Asian, European Union and Latin America will continue to drive revenue."
Q3 Highlights...
- Cooperation Agreement Signed With 'aigo' for China Operator Tailored Market - Cooperation Agreement Signed With QIGI for Chinese Smartphone Business - Developed First CDMA Touch Screen Smartphone for Latin America.
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