This years earnings reflect many millions received from NOKIA ($400mm+) and presumably will be bolstered by payment from SAMSUNG ($150MM+/-) during fiscal '06. These are one time payments not to be repeated. SO don't sweat it. The stock is still undervalued. Look for 45 - 60$ first 1/4 '07. The katy bar the door.
Good post, I saw the same thing last night after Gorilla Picks added this stock as a potential buy. If stocks trade on future earnings, why hasnt this one fallen off a cliff with those kind of earnings projections? I havent done any research, maybe someone else can explain it.