sinnet: One more thing that should be added to the calculation is that there are approximately 8.5 million options outstanding with a weighted average exercise price of $13.70. I would assume that many of these would be exercised. So unless there would be significant additional stock repurchases, per share earnings would be further reduced. But even with this I would be very happy with the results of your revised calculation.
LOL, Anyone really believes this kind of fantasy thinking?
1. Handset ASP will go down as market matures, that's for sure.
2. 100% coverage only exist in dream. 90% and I will give our management two-thumb up.
3. Even if 1&2 holds, the expense will go up. When revenue reaches 1 billion, the expense will be over 200 million. I can bet on this with anyone on this board. Name your wage.
4. Now even if 1&2 holds and expense won't go up. 1.2b revenue gives 1b profit BEFORE TAX. What will be the profit?
about 600 million. Can't believe people alway forget tax part. Maybe those people never pay tax in real life. Maybe I should ring IRS for a checkup... LOL.
Now re-do the calculation.
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