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QuickLogic Corporation Message Board

  • northstarz2010 northstarz2010 Aug 1, 2013 10:01 AM Flag

    I was hoping for a much better pop this morning

    who wasn't.............very disappointing

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    • I think two things are keeping investors at bay, for now.
      1. Many PM's don't like buying into companies where one single customer can make or break their backs, thus they need to expand the customer base with significant new customers
      2. Overhang from the shelf registration ($40M with a $120M market cap is quite a potential dilution

      Other than that, technically, there is a lot of overhang resistance in the $3-$3.20 area, then $3.60. Over that the sky's the limit...

      • 1 Reply to tuttiperuno
      • In general, I would agree that investors prefer buying companies that have a well diversified customer base, with no customer representing more than say, 5% of sales. However, I believe the desire for a diversified customer base is vastly outweighed by a tiny micro cap company like QuickLogic getting a Tier One customer like Samsung. Samsung has stature, and selecting QuickLogic as one of their suppliers speaks volumes. It is an extreme vote of confidence in QUIK and its ArticLink 3 VX chip. You can bet other potential QUIK customers will be more likely to order QUIK's chips knowing QUIK has Samsung's vote of confidence. Samsung is leading, I believe others will follow.

        Regarding QUIK's renewal of its shelf registration and the potential dilution, I view it more positively. QUIK is aiming at rapidly growing markets with its new chips that offer competitive advantages. It is smart of QUIK to get financing lined up, if and when it is needed, to pay for all the expenses that will accompany very rapid growth.

        I believe price pullbacks by QUIK from today's close of 2.90, if we get them, should be viewed as buying opportunities. QUIK's confirmation yesterday, of recent speculation that QUIK's new Tier One customer is Samsung, has undoubtedly put QUIK on more investors' radar screens, both retail and institutional. I wonder when QUIK will get another Wall Street research/brokerage firm to pick up coverage of QUIK with a BUY recommendation. I wonder how much QUIK's price will rise on such a recommendation?

    • What do you call the last week? Hugh volume accumulation in front of call....followed by small profit taking.....to hopefully march to a new 52 week high in late August or September.

      I don't know about you....but I will take 30% on my money in a week anytime!

      Sentiment: Buy

 
QUIK
2.64+0.04(+1.54%)Oct 23 4:00 PMEDT

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