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Strategies & Market Trends : Beat The Street With SI Traders
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longz
To: Rocket Red who wrote (131486)1/24/2014 10:45:13 PM
From: heinz441 Recommendation  Read Replies (1) of 233890
 
The 1 billion is a very old valuation, that didn't take into account the explosive growth of both mobile and tablet usage. That is one of the reasons the company has engaged Pelligrino again to update the valuation. The chief scientist of Poet, Dr. Taylor, who is also on the BoD of Poet has been quoted as saying if even one major vendor starts making devices with Poet chips inside, it's "easily" a 10 billion dollar opportunity.

Reference:
http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/the-challenge/how-to-sell-silicon-valley-on-the-death-of-silicon/article13093729/
Read more at http://www.stockhouse.com/companies/bullboard/v.ptk/poet-technologies-inc#eeuTxyTIvhAdUS5m.99
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