Lawsuit starting to look like Apple vs Samsung Lawsuit. Bottom line is that INVN came out with first 6 and 9 axis chips.
They have superior technology that's why most companies are using there chips already. Stm has tried to stall out INVN from domination in the mems business. If it is true like we read that they do have a deal with apple starting at the end of this quarter then they to have decided Invn is far superior in respects to their technology. Looks like we will be testing the all time of 22 pretty soon!!
I'm long INVN and bullish on the stock. However, I don't like the gap that was created around the earnings pop. I expect that will be filled before we can see new all time highs. The size of the AAPL and Samsung deals would have to be HUGE to justify a stock price in the mid twenties. Right now, rumors are single digit millions shipping to AAPL ... that is a small order / pilot ... will most likely be another 12 months for that volume to increase enough to generate real price action. AAPL will first "test" these chips and we don't know what kind of deal AAPL will strike with INVN. I'm a long term bull, believe we could see a little further run up to 14-15, but expect a pull back and a great buying opportunity by the late summer / early fall.