Thursday, July 26, 2012 3:55:45 AM
NXP reports 200 NFC phone and tablet design wins:
40% of these are either in production already or will be going into production over the next few quarters, says CEO Rick Clemmer, as the company reports revenues of US$50m from its emerging ID business.
NXP has now achieved two hundred design wins for NFC phones and devices, CEO Rick Clemmer has told analysts during the company's second quarter 2012 earnings call, up from the 90 devices reported during its Q3 2011 earnings call.
The key things to take away from this story, NFC is coming but note the dollar amount generated from selling the chips compared to the market cap of NXPI.
The risk/reward is MUCH GREATER in owning the IP around NFC than by owning the chip supplier.
OTIV mgmt does a horrible job of communicating their story to shareholders, but with a mkt cap of approx $40m (with $27m in cash) the upside looks significant. This is strictly an IP or takeover play.
http://www.nfcworld.com/2012/07/25/317029/nxp-reports-200-nfc-phone-and-tablet-design-wins/
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