Hi, Rob - Thanks for your usual excellent DD. Raytheon is becoming less of an unknown quantity.
On a separate, and unrelated note, another in the endless "Is the glass half-empty or half-full?" articles. It puts the liklihood of global recession at 1 in 4.
siliconinvestor.com
What are your thoughts on WIN as "recession-resistant"? I look with some optimism on the fact that Wi-LAN's customers have been able to keep going, despite a credit crunch that decimated many in telecomms.
That credit crunch has eased considerably. Nevertheless, the onset of global recession would leave very few winners in the market.
One of the benefits of W-OFDM, for a WISP, is the addition of more paying customers for the infrastructure cost. The initial cost (right now) is higher, but after the break-even point is reached, revenues can theoretically double, using a distributed rate of 256 Kbps.
The oft-stated advantages of wireless access are ease and speed, and relatively low cost, of provision.
In one year, price points for W-OFDM should begin dropping, as economies of scale start to kick in.
If the 90 Mbps. chip is achieved, and commercialized, the number of potential users for a WISP doubles again.
How recession-resistant will Wi-LAN be?
Just some thoughts,
Regards,
Jim |
