05-16-2013, 07:22 AM
I would add that Nationsky is looking like it will turn out to be an excellent deal. Q1/Q2 is seasonally weak in enterprise, yet they were still able to pump out $6.1M in topline. Assuming they can do the same in Q2 (which should be easy given Q2 is stronger than Q1), this implies Enterprise topline of $41M for 2013. Enterprise is typically 30% in Q1/Q2 and 70% Q3/Q4 (per Q1 conf call). $6.1Mx2=12.2 $12.2/.3=41.3M.
Also, Feiliu grew to 2.9M. which implies 38% growth. So its on target to hit estimates. I think Feiliu is still too early to tell. They are in hypergrowth phase so growth may actually be accelerating. Also, there hasnt been enough time to implement the planned cross-selling of NQ's security business into Feiliu.
Also, Feiliu grew to 2.9M. which implies 38% growth. So its on target to hit estimates. I think Feiliu is still too early to tell. They are in hypergrowth phase so growth may actually be accelerating. Also, there hasnt been enough time to implement the planned cross-selling of NQ's security business into Feiliu.