yes, steve, lu does outsource from unph and is their biggest customer. demand is so heavy for photonics neither nt nor lu can fully supply themselves. also the argument is made that other users don't want to be dependent on a competitor for vital modules, so they'll buy from unph and sdli. you get to 20x sales by extrapolating today's immense demand by current immense sales growth, you ignore the law of large numbers (it's harder to grow from 5 billion to 10 billion than it is to go from 100,000 to 200,000). they bought their key fabs and personnel from phillips(eindhoven)and ibm (switzerland) both of whom took back stock. could be kk is an andy grove and will do all the right things. he's very personable, really in charge, and will know how to keep his key people, and hopefully to pick up anyone good who leaves lu or nt. seems everyone is burying their heads about the asians.
finally, referring to the stock, not the company, the emperor has no clothes, but look! he's got an erection! and we're all betting on the come. |
