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Technology Stocks : QuickLogic < QUIK >

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To: Old Stock Collector who wrote ()11/8/1999 3:13:00 PM
From: Steve  Read Replies (1) of 17
 
I don't get it...this company is trading at a P/E of 128 and has aenemic revenue growth. It has no facilities to manufacture, it contracts out. It had significant litigation expenses with patent infringement with Actel, Actel won, QUIK continues to pay Actel damages (presumably QUIK made the final payment from proceeds from the IPO). They took a charge of $23 million in 1997 for cancelling an agreement with Cyprus. Their revenues declined from $23 million in 1993 to $7 million in 1997. Sounds like they are having trouble. They started to file for an IPO in 1997 and had to back away because of the patent infringement suit. Someone tell me rationally why I should invest in Quicklogic.

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