Ann: Megabit Success, page-345

My understanding of valuation from 2 angles is:
1. annual market is multiples of $1Bn per annum and every data warehouse in the world could be filled with these chips in 5 years, (faster, lower power, more endurance, ...) making a $1Bn market cap just the starting point because no-one else has cracked the tech and they (WD, Samsung etc) were all well down the research path 6 years ago. Massive.
2. our tech is superior to WBT and they're $1Bn on a good day.

ps I only have a small holding but I traded it (like I almost never do) and as of yesterday my average entry price is about minus 5 cents a share.