|
Grant, Well, they are going to sell equipment, reverse licensing fees,
bloat inventory at suspect valuations rather than selling at big
losses, do some funny things with recently re-financed
interest costs, and, most importantly, not produce many chips this
quarter. Since they lose money on each chip they sell, making fewer
due to the fab conversions may be something they can use to
fool their loyal
followers. The hard part will be figuring out where they are hiding
all of these one-time gains trying to make them look like operating
eps. The touty text will probably be all Microstamp and Sgram, both
of which may have sold a penny a share in product last quarter. -G-
I think this report is going to be great fun for those
who like to play detective. Also, look for any mention whatsoever of
the absent dividend and the new bank loan agreement. MB |
