IMO we will see a tier one licensee before year end. I say that because management has set up a plan quite some time ago to be rewarded around 01/18 for their work. Although we don't know the details of their goals it surely had to include a tier 1 licensee to receive maximum benefits.
I hope management is as aggressive on this buy back as they have been in the past. If they can buy around 4 1/2 million shares in this sick market we will be around 42 1/2 million shares outstanding.
Now IMO when Samsung ponies up Harry will once again step up to the plate and buy more shares. If he can get the shares down to at least 40 million and we maintain around 60% institutional ownership that means there's only about 16 million shares in private hands.