@Kir71
"
If one believes that 2.5B$ is truly overinflated
"
You seriously believe Numonyx is worth 2,4-2,5B? Wow.
The number of FABs stated is wrong, because of two reasons,
some FABs are counted, for which they have only a small
part (JV) and other FABs are clearly EMPTY. How should I
count an empty FAB? The next is, that Numonyx hasn't proved,
they can bring Floating Gate past 65nm with reasonable yields
and DIE sizes. And from what we could see yet, PCM is
laughable - the problem here is, that Newco will have to be
at 32nm with PCM just to show parity with 65nm-SPSN stuff,
thats the "small" problem with PCM and we haven't spoken
about other SPECs yet. NAND for Numonyx will be a pain,
because they have to fight against ALL the big big guys, which
are now also loose money. Whats left?
We have Spansion, which is the clear NOR leader (90% of Nu-
monyx Revs = Nor) which costs now 1/5 with MSS gains every quarter
and new IP stuff after the SFUN deal. Either SPSN goes up
6-10x or Numonyx has to fall in value sharply.
BUGGI |
