If you're new to WiLAN like I am as of this morning; you're probably trying to catch up on exactly what this company does and how it gets revenues. May I suggest your dd definitely include the Seeking Alpha article from Oct 22. It is obviously written by a WILN long, but it does give an excellent look at the history on this company and it's current business.
When I bought this morning, I was hoping for a quick rebound because yesterday's news and today's financial update just did not seem to warrant the 25% drop in the stock price. Because the WILN short interest is very low, I'm not sure a quick rebound is in the cards for this stock (greedy shorts covering on a big plunge always help the ensuing rebound bounce). However, after doing more dd on this company, I'm not in any hurry to sell this morning's stash of shares. I think I'll just stay here for a couple Q reports which the company just clued us in on what they would be. I'm looking for a return to $4 in the next couple months; and additional news & guidance should determine the direction from there.
As a fellow Canadian company I have been following WILAN since 2006 after they signed NOK. This co was in a verge of bankrupt and since then they are able to make $80 million rev. 2 yrs ago WIN gave a guidance of $120 million Rev with 20% growth Y-Y but Rev has fallen since then.
If people were expecting to win against apple then they were dreaming. NO ONE will win against apple, their deep pocket can buy out any company in this world.
That being said, I loaded up yesterday at $3.05 and hopefully by the end of the year we will see $4.50.