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Bobwins

07/27/10 9:04 AM

#151 RE: Hairy Calls #149

BUT bookings are down to 12.2 million vs 14 million in Q1. That translates into lower gross revs for Q3. So today won't be a total lovefest! It will be positive but not a screaming rocket ride.

Assume .20eps for Q3. Using that instead of .30eps for a fwd calculation and you get .80eps. Slap a 8X multiple on that and you still get over $6!

I am skeptical the market is going to send it over $6 today. Not well known and does require a strong chip market going forward.

But still a great report and we should see some fireworks, just not the rocket ride that would have happened if bookings were sequentially higher.

Bobwins