More news from PQL
I finally got some time to really look at
the 14A, and I was absolutely shocked to see TXP has disclosed the
customer for their $5.2M photonics project -- none other than tech
giant FoxConn.
>>Marketing and promotions and travel decreased by $26,000 and
$16,000, respectively, as the company and management focused on the
execution of operations especially the $5,240,000 pre-manufacturing
services project (the "Project") subcontracted to TXP from Foxconn,
a large tier 1 contract manufacturer. <<
foxconn.com
Never heard of them? Here is some DD on just how big these guys are.
Needless to say, this is yet another example where Texas Prototypes
is working with another of the world's largest technology companies!
evertiq.com
>>
For 2005 Foxconn's revenues reached approximately US$5-6 billion
which was up compared to US$3.3 billion in 2004. For the fiscal year
2006 Foxconn expects to rise further in revenue, at least 30%.
Rumors said that Foxconn would acquire the Taiwan based CCL provider
Uniplus Electronics but that was declined to DigiTimes by Foxconn's
spokesman Vincent Tong.
<<
digitimes.com
<<
Recent evaluations by investment banks Goldman Sachs and JP Morgan
have pushed Foxconn Electronics (the registered trade name of Hon
Hai Precision Industry) to a peak market value of NT$854 billion
(US$26.7 billion), according to market sources.
>>
If Goldman Sachs and JP Morgan both cover Foxconn, and believe they
worth $26.7B dollars - don't you think someone is going to start to
notice TXP is getting some of their subcontracting work? Even post-
merger, TXP will be a tiny $30M operation. Even at the $100M level
where I believe it deserves to (and should) trade, TXP has quite a
bit of growth ahead of it.
hardwaresecrets.com
(See Table Two)
I currently own 60,000 shares of SMKT @ .025 average. I have not
been compensated by SMKT/TXP to provide coverage of their stock.
Regards and Best of Luck,
Tim / PQL Research |
