Valuation alone will support SIMG price of between 6.5-7.5 bucks by late next year. And that is with flat to slighly down revenue for 08. Cash levels by Feb 09 should be around 3.25-3.75 million.
Jeffries, GS and others will be forced to upgrade target price.
NEW UPGRADED SIMG.Silicon Image SIMG RBC Capital Markets OutperformSHOULD BE GOING UP SOON TO 6.25 PER SHARES