Allen,
I guess Europe can be kind of boring, best you come back and do some work.
The 8k CC, in my opinion, was the worst of their conference calls. In fact, I have the impression that the sole purpose was to make sure explain some post merger numbers which may otherwise be interpreted as bad news.
Impatient shareholders like myself would have to wait for the qt earnings CC to hear the promised new and improved, not to mention more transparent WIND RIVER.
What I did get is an aggregate rev of $310M for the last 12 months, a comfortable top line growth rate of 30% and a target profit margin of 20%. I figure if that is true, then we should have a potential of $400M in rev within 12 months or so. At 20%, earnings may be up to $2 per share. Trading in the thirties now, WIND would be dirt cheap.
On the negative side, the CC hinted at zero chance for a good qtr. Expenses are still high and profit margin around 12% instead of 20%. Furthermore, they repeated the teaser of 1000 design wins for the quarter, leaving the uninformed guessing as to what it really means to the bottom line and when?
Now that you are back, may be you can put some numbers next to all the fancy slides that WIND management presented during the ints merger CC.
Ramsey |
