I think that in determining valuation for the first year or two that the P/E will be somewhat inflated because of a tutes sqeeze. I'll bet it runs north or ATML's P/E of 33 for a while especially when more contracts are announced. $28M X 33 = $924M
That's also why I really fear a takeover only because that's happened to me before. It just seems too good to be true. This is a stock I hope that I can stay long on for at least the next 4 to 5 years.