this is actually a gift to Nokia. Saved itself 20% for ALU. Probably a steep breakage fee if ALU gets cold feet.
I disagree. It would be malfeasance on Dr Wu's part that there would be a 'ramping up' on a major operation and no commentary from management. I think Wu needs a shareholder activist to get him to care more about investors. After all, this is a publicly traded listed company
that's a good thing. HIMX is going to trade down to its cash value. Management can then buy out the company and screw all the investors
If management is not willing to buy its own shares at these levels then to me it says the company would rather get no return on its $180 million in cash than invest in its own company.
Why discount Jay's opinion when management has not offered any insights to refute the comments from Wall St analysts. Don't blame analysts for doing their best in light of poor company disclosures.
Makes sense. Company silence confirms the weakness everyone on Wall Street sees.