So, split adjusted, it really ran from $10 to $100 or so.
I'm not predicting anything about where it could run to. But what
I do believe is that it's undervalued - particularly when one looks
a couple of years out with all of the growth potential in Chinese
DRAM royalties, buffers, DDR6 / HBM2 PHYs for AI and gaming
consoles, 5G networking SerDes, chiplet interfaces for 800G networking,
as well as CryptoManager security for automotive security (secure OTA
updates) and AI algorithm security.
But even if they don't look out 2-3 years, it's still currently
undervalued on a free cash flow analysis.