I was actually quite pleased with the conference call. I thought SKS was relatively transparent and forthcoming with information he could realisticly convey. I didn't like the tone of his answer about the current quarter which makes me think it will be flat to Q4'11 to slightly up at best. But what I did like was his equally flat tone about possibly hitting $60M for 2012 as though that would be somewhat of a disappointment. From a somewhat flat Q1, $60M for the year would probably yield a quarterly reveunue run rate of $17-19M by Q4. From SKS's commentary, this represents expected growth *without* significant trusted computing adoption. He mentioned at least twice the nonlinear ramp expected from SEDs & TPM adoption in conjuction with Win8. I believe him. At some point, SEDs will be the new normal. As will trusted computing. I don't think that SKS wants to publically speculate what things could look like when this happens but it was clear that he believes it will be in 2013.
So you all can think that we have dead money until then, but I'm willing to bet that the market will see things happening well before they do happen. So from my perspective, 2012 represents a "ho-hum" ramp in quarterly revenues toward $20M with a nonlinear ramp soon after. If it plays out this way, do you think we'll still be under 2 bucks?
attcav
AI
