At last Friday's closing price of $2.00, the market capitalization of Powermatic Data stand at $69.8m.
With (1) cash and financial assets ($26.2m+$10.2m = $36.4m) and (2) property at market price ($33.5m), total sum of (1)+(2) = $69.9m.
It turns out that you are still getting the WIFI business for free!!
What are the prospects of their WIFI business?
1. Since 2014, Powermatic has strengthen its wireless business as Qualcomm ADC for China and SE Asia. Dr Chen Mun said this in Annual Report 2014 statement:
"The popularity of smartphones is one of the main drivers of wireless connectivity. The use of wireless, in particular WiFi, will become a lot more pervasive. One needs it at work, at public places and at every corner of his home. It is our goal to meet the increasing needs in connectivity over large areas and over long distances. In the near future, WiFi enabled “Internet of Things” will revolutionize home appliances. You will be commanding your refrigerators, air-con, mediaplayer, lights and even the door lock, all connected to Internet through WiFi. We will participate in this revolution and we will make sure that whatever obscure corners the “Things” are placed, they will be reached by our wireless."
2. Will Qualcomm continue to be the leader as the world transitions to 5G? Investors need to pay attention to how Qualcomm is expanding in China, see link below.
https://www.forbes.com/sites/patrickmoor...8b4be257e3
I still like my FREE WIFI !!
(Not a recommendation to buy or sell, just stating facts)
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