I've got one comment: Pricing Pressure aka ASP declines.
"Competition- From S-1 (April 1998)
The Company competes with a number of major domestic and international suppliers of equipment in the markets for cable set-top boxes, cable modems, high-speed networking, DBS and terrestrial digital broadcast, and xDSL, which competition has resulted and may continue to result in declining average selling prices for the Company's products. The Company currently competes in the cable set-top box market with Rockwell, Philips, LSI Logic and VLSI Technologies for communication devices and with SGS-THOMSON, LSI Logic and C-Cube in the MPEG segment. The Company expects other major semiconductor manufacturers to enter the market as digital broadcast television and other digital cable television markets become more established. A number of companies, including LSI Logic, Rockwell and Toshiba, have announced that they are developing and will introduce MCNS/DOCSIS compliant products in 1998, which could result in significant competition in the cable modem market. In the high-speed networking market, the Company principally competes with established suppliers including Lucent Technologies, Level One, National Semiconductor and AMD. The Company's principal competitors in the DBS market include LSI Logic, Philips, SGS Thomson and VLSI Technologies. The Company's principal competitors in the xDSL market include Analog Devices, Alcatel, Motorola and Globespan. The Company also may face competition from suppliers of products based on new or emerging technologies. "
ohhh I lied, two comments:
Return on Asset (%)
-2.7
-2.7
NA
NA
NA
NA
NA
Debt/Equity Ratio
.33
.33
NA
NA
NA
NA
NA
P/E Ratio
NE
NA
NA
NA
NA
NA
NA
Price/Sales
56.83
NA
NA
NA
NA
NA
NA
Price/Book
438.07
NA
NA
NA
NA
NA
NA
Book Value ($)
.12
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