Headcount up to 326 (118 R&D) from 263 (109) last year. Also, fyi, openings on the INVN website at 30, the highest I've ever seen.
Patents up to 36 (31 US / 5 Foreign) and 101 pending (67 / 34) up from 26 last year (23 / 3) and 72 pending (41 / 31).
They speak to the importance of 4 key motion sensors: accelerometers, gyroscopes, magnetic sensors, and pressure sensors. I'm curious what others thoughts are on INVN's capabilities here. It seems like they have a great gyro product, a so-so accelerometer, and currently have to procure the magnetic sensor from Asahi Kasei Microdevices Corp. (AKM). What is there role or plan with pressure sensors?
92% of sales to end customers located in Asia - 42% of employees are located in Asia.
Currently leasing 51K sq ft in Sunnyvale through July '13, and signed a new lease in May '13 for 71K in San Jose. This will expand to 130K over the life of the lease through 2019.
Their web site went down on Saturday. But the 10k was up on their site Friday and I ONLY read a few pages on the future of the business and they state that there is risk in other competiors filing law suit to drain their capital to the point they can't defend themselves. Kind of troubling. Hope its just something they have to put out to avoid more lawsuits. Also stated they will be under pressure to cut thier prices, which they have to some degree. I think its looking like a white knight is going to have to buy them at some point.
200 million in cash isn't enough to fend off the likes of STI who is sitting on a billion. Am long 5500 shares and plan NOT selll anytime soon. But when you read the 10k don't just read all the good styff lol