Peter Clarke, EE Times(10/21/2005 10:53 AM EDT)LONDON
-- With its IPO filing with U.S. Securities and Exchange Commission, Saifun Semiconductors Ltd. has revealed that it expects to achieve exceptional profitability in 2005. The company is already ahead of ARM Holdings plc in achieving net incomes in excess of 50 percent of revenues and looks set to join ARM as a leading light of the intellectual property based company rankings.
This, together with forward projections for non-volatile memory markets are some explanation of why Saifun expects to be able to sell 5 million shares at between $20.5 and $22.5 each, valuing the company at in excess of $500 million.
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