Yeah, they have product in the I-Phone I believe so it is no surprise they are doing well. Key here is that anything tied to smart-phones and tablet PC's is going to rock and roll the next few years since there will be a shift in the phone segment to smart-phones and in the PC segment to tablets. AXT is right there supplying the stuff that goes into the guts and the more powerful these devices are the more of AXT's materials need to be put into thse devices.
Will be a good ride, I am looking forward to 2013 and the $150+M in revenue and likely $1+ in earnings we might see by then.
I think next week mid $5's is very achievable. The way all of AXT's customers are reporting and have been guiding all quarter this should be a real barn burner. Morris is certainly the best in the biz for keeping a tight lid on things. I really think when we break through this multi-year resistance we should be shot out of a cannon to 20x earnings and we can all do the math on that one.