GREY:ISYRF - Post by User
Comment by
Orillia7on Feb 06, 2011 2:02pm
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Post# 18083905
RE: Revenues in Financial Reports
RE: Revenues in Financial ReportsDo you really think an OEM like Motorola, RIM, or Apple want to have a press release issued that says we don't develop our own products - Intrinsyc does the hard work?
Second, I don't expect Intrinsyc to have much growth any time soon. All they have left is a services business and they probably have less than 60 engineers, so how much could that be worth per year? Probably less than $12M.
Let's face it. Intrinsyc doesn't have much of value left. With almost everything being produced in China, I can't imagine that there is a big catalyst coming from services. It looks like they are trying hard to get into new markets and that is good, but unless they take some risks with that pile of cash, we are going to see a bunch of $3M or less quarters with break-even results.
I really do appreciate the fact that they aren't losing $5M per quarter any more and I thank management for that. However, my expectations are pretty low. I think we are stuck in the 8-11 cents range for quite a while. If it goes below 8 cents again, I am all over it.