CNTF-I like the Apple Comparison and Value TBD of Samsung Patent Case not yet factored in
CNTF called "APPLE of CHINA" by Analyst. 4.91 Cash/Share now after earnings
Joe Cappello - Analyst
Good morning. I heard an analyst on the TVideo today. Actually, I heard him on two different programs and he is pretty hard on your company. He is projecting -- this guy has got a pretty good accuracy rate on picking lot of stocks or single, double digits going into three digits area there. He said that he believes that your company is going to be the next Apple of China, which is kind of nice to hear from your standpoint. But it’s -- I don’t know he can predict that when you got guys like Samsung and Apple out there that you have to compete with that number. That’s first thing I want to say but I hope the gentlemen is right for your sake.
And on your name I think maybe you should shorten your name to like Apple’s -- Apple, Samsung, Motorola. China Techfaith Wireless kind of like it’s got a negative connotation with the word China in there and Techfaith sounds like it’s a religious organization. So I think I probably come up with a one name and one sellable name for your company, make it lot shorter and sound little bit better
Jay Ji - Senior Vice President
In the communication industry. Joe Cappello - Analyst
By the way, this guy is a very reputable analyst by the way. He is not some shushing analyst. This guy knows what he’s talking about. So, I wish you the best on that. It would be nice to see your stock go from a penny stock what it is now to at least US$100 a share hopefully more than that you know.
In terms of our balance sheet, we ended the third quarter with a balance of US$265 million in cash and cash equivalents. This compares to US$262 million at the end of Q2. In terms of specific guidance, as noted in our press release, we currently expected total revenue in the third quarter of 2012 to be in the range of $US30 million to $US35 million.
CNTF DD-Coming off Triple Bottom
Insider owns large portion of float and they are suing Samsung. I am parking alot of Cash here for value and also think might go private for 4x as much or more in future
I'll also go with 4.0: seekingalpha.com/author/biotech-breakthroughs
24-Oct-12 China TechFaith sues Samsung for patent infringement
TechFaith 17VEE to Launch Mobile Games on China Mobile and China Telecom
TechFaith to Further Expand Shipments of Android Smartphones into Hong Kong, South Africa and Latin America
"China Techfaith has over $252 million in net cash on the balance sheet. That is well over 4x its current market capitalization. I know of no other stock on any exchange that trades at less than 1/4 of its cash. Additionally, this cash balance has risen both sequentially and year over year, so cash burn is not currently a concern."
Total Cash (mrq): 252.03M (Cash is up to 265M now) Total Cash Per Share (mrq): 4.76 Total Debt (mrq): 5.64M Total Debt/Equity (mrq): 1.75 Current Ratio (mrq): 6.67 Book Value Per Share (mrq): 5.70
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