Well It looks like the band between 90c-1.10 corresponds to plugging along with a small profit.
the notion that it would move up to "half the valuation of a calx" after earnings was wishful. However I would
now venture to guess that zhone will stay in the 90 c- $1.50 until the next earnings and then if they are "as expected according to the call I expect the move into a range like $1.50- 2.00.
One simple catalyst for zhone is simply that disappointment with big tech names like aapl,intc, csco could get some investors looking around for smaller tech investments. The big companies have saturated existing markets and have little room to grow, without fighting over asp with newcomers, whereas Zhone as pressure
from hauwei and zte, alu, but definately has room to grow.
And of course zhone is the size, and focus of a company that could make for a merger deal. In fact
Mory may need to spend more time with the family, and once he has turned in a profitable year or two
may declare mission accomplish and start shopping it out.