Now that I have your attention let me explain why it will be at least 15 a share (probably 17).
1) Google Glass - What the hell is it and why is everyone going crazy over it. Answer: This is new way we are going to live our lives. In the old days we had very big PC and monitors. Remember the commodore 64 ETC.. The next thing was laptop that were bulky and heavy. They PC came slim as did laptops, we had the explosion of internet and the creation of net books, followed by PDA that had access to WIFI & then tablets that can do anything a computer can. Technologies is about working faster and with smaller componets. Google glass or sony watch is the next faze of small and fast and there is nithing anyone can do to stop it. The google glass can let a doctor geta second opinion from another Dr who is in a different country as to how to do a surgery, remember with google glass you can have someone see what you are seeing. This is major for surgery or robotic surgery in the future. Price will pay a big part and I assume it will be about 499 a pair when it gets launch only to drop to 299 a pair a few months later. There will be glass 1 then glass 2 then glass 3 like the iphone. each will have an additional function that the previous one does not have. Yes strip clubs will ban people with glass since they can take video, but wait cell phones have cameras, so I doubt that will stand. plus for strip clubs it will be another for of free advertisement of what to expect if you visit their establishment. I suspect that google will order 2.5mm lcos to start worth about $50mm this will be delvered during the next 3 quarters, but will ramp up at the end of last qtr with the increase in production. Fact is Google glass will be a game changer for the company
2) Google is not the only customer. If you look at their presentation they also deal with foxconn, Samsung, intel, Hewlett Packard, Microsoft, and other teir 1 and 2 companies. fact is buy the company
HIMX deal with Google close on September 30, 2013. On October 1, 2013 the orders rom Google should start to come in for the LCOS. LCOS is such a small part of the business but it is growing. by the beginning of next year we should see it turn to a bigger part of the business. The medium driver business in picking up and their is a turn around in their large screen displays. with the 1300 patents pending and over 1800 patents already live plus the growing number of displays in automobiles should be the shot in the arm that should push the stock higher. Oh and they have 12mm left in the buyback. With and average of 5% payout and with the stock at 10, the company would need to pay .50 a share. Expect the following
3rd qtr earnings of .12, revenue of 205 million, 4th qtr earning of .18 and revenue of 220 million. 1qtr of 14 earnings of .24 revenue 241 million, 2qtr earnings of .31 revenue of 275 million. Earnings for 2014 should be about .98 with revenue of 1.12 billion. with a 20 P/E and earnings of .98 the stock will be 19.60. enjoy the ride.