As they go, Todd Johnson is a pretty good SA commentator. However, I think he overstates the case here. His info is pulled from a recent powerpoint presentation you can find on the NCT website under investor relations. In it, management says that the two companies post split, if they achieve projected results, "may" pay out this much. Nothing has been declared by the Board or announced, so I think presenting it as a done deal is jumping the gun. That said, I hope they are being conservative and will actually surpass the $1.06 on a runrate basis by yearend .
Also, note that the powerpoint prersentation says that the projected results does not include the recently announced MSR deal and, of course, the current HSBC deal! So, I would assume it was pretty conservative.