All revs down sequentially from Q2 and Q3 2010, S&GA expenses up, litigation costs up, and STOCK BASED COMPENSATION UP?!? WTF did they do to earn free stock, the boneheads running this POS should have had their salaries and options CUT, not RAISED!
Maybe, but they are still forecasting $10m in operating earnings and market cap is only about 25% above net cash. The trend here is awful, there's no question, but most of that is due to a well-documented downturn in DRAM, a cyclical commodity.
Risk is quite limited, and I doubt the stock dips much on the numbers they provided.