Nevertheless, SIMO's valuation is crap. It will likely make $7.50 to $9.00 next year, with sales growing 17% in 2020, 70% in 2021, and maybe (who knows?) 35% in 2022, and EPS growing faster, and with $15 cash per share and no debt, and it trades below $70. So forward PE (if my numbers are correct) is less than 10x. Why a larger semiconductor company (MRVL, AVGO, MCHP, etc.) with a 35x or 50x PE doesn't just buy SIMO using stock, and call it immediately accretive to EPS, is beyond me.