Hi GPS Info
nice to have someone else interested in MEMS and InvenSense.
Yep short position has been growing every fortnight since day 1 of the IPO, or least looks that way. To be expected really, rich valuation based on very high growth off a small base, can they continue to grow at that pace.
On ST Micro fight, difficult to say what the real reasons are for complaint, do ST want to scare potential customers away from InvenSense, do they want a cross licensing deal so they have access to some InvenSense IP, or do they just want some royalties from a licensing deal, likely we will have to wait for InvenSense to make their first move in response to start being able to judge what it might mean mid to longer term.
Short term STM fight is bound to be a damper, along with overall poor market conditions and issues with Qualcomms 28nm supply affecting smartphone demand, doubt the price will appreciate much if at all. If market melts down over Euro then look out below, would expect InvenSense to sell off with a higher beta. |
