RE: attack11 Jun 2018 14:42
From a well respected lth off Advfn.
We know Thales/Gemalto said they wanted to build a business around KeyScaler. And Intel and AMD (Ryzen) have DA interwoven, to a large extent.
So guess we need more from Microsoft (eg that recent note on device authentication inside Azure) and also more info needed from AWS
to me, the big elephant ion the room, so far, for a DA bid is... IBM
earlier this year I wrote:
IBM cloud (via Gemalto’s Safenet), June 2018
Cloud revenue at IBM was $17.7 billion over the past 12 months. The as-a-service annual exit run rate for cloud revenue was $10.7 billion in the quarter, up 25 percent over the same period in 2017.
What if DA earned 0.4% of that?
0.4% x (10.7) x 4 = $ 0.1712bn/year for DA
Tern's cut = 42% = $ 0.0719bn x p/e of 30 for the mkt cap for tern (from the cloud sector) (or 30x £0.0539bn) = 30 x £53.9m = £1,617m
£ 11 was an old figure Mike
**
mkt cap at tern (after p/e calculation on expected full-year revenue)
just add 4 of the sectors together..
Intel: £693m
Comodo: £114m
Gemalto: £560m
Cloud sector:
(Azure + AWS) = £1,350m
IBM Cloud = £1617m
Total: £4,334m
so approx £24.09/share at tern
You may just need to take a moment to think about the above.
#POUNDSNOTPENCE!