RE:Echelon Note, $3.50 TPThanks Altman .. good info.
4th Q has never been their best quarter but the bottom line profits were a little disappointing. This year it was attrubuted to higher compensation. increased Research spending, Sales product mix, & a loss on foreign exchange.
Felt better after listening to the CC. It's clear the Semi-Conductor industry continues to strengthen and will be strong for the next 2 years at minimum. Photon is well positioned to take advantage.
Couldn't help but buy a few more shares just before the close. Seems like an over reaction today .. and the overall down market didn't help.