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We're in the middle of a major ramp of 17 inch SXGA chips and yet GNSS isn't profitting.
Another CEO gone.
Another major revenue miss.
LCD ramp still early (< 25% of revenue).
They should be doing better, but they're not. The most likely culprit is poor management. The MOU with SIMG seems to imply that, as does the shaky state of the PXLW merger.
IF the taiwanese infringed, that would be beyond management control and a court win could boost prospects, BUT, the story just isn't as attractive anymore. The only ramp left is LCD TV and they may not win that one. They "won" 15 inch and 17 inch (and dual) but it hasn't gotten shareholders anywhere.
Still a good gain from last summer's single digits, but I'm looking to lighten up following the ITC ruling.
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