Nice post, Steve. With passable management, manufacturing, sales, and finances in place we still can't go anywhere without product. I have posted before how Klein told everyone a few years back how increased margins from more proprietary products were the key to real success.
He abandoned that for that idiotic emphasis on commodity products because he could not deliver.
I have heard them say that it is the better part of a year from development of a new chip, to competing for design-ins, to winning them, to test orders, to volume mfg, to sales and earnings. We should be seeing today interesting new proprietary chips with nice prices if 2000 is going to show the kind of results you suggest possible. I don't think I have seen anything in the "WOW" category yet.
Therefore, conservative investors should probably continue to sit on the sidelines. More speculative ones may wish to remember that the stock more than tripled before a recovery became obvious, a few years ago. |
