If you had your eye on any other stock than this one, you would know there are literally thousands of stocks that went toward zero in the financial meltdown, and recovered several fold as the economy returned to normal. 5 to 20 had nothing to do with product margins, and more do to with general economy and renewed Samsung agreement. The stock is pretty fairly priced based on the value of IP, which is the only current segment of the business with any real value. You on the other hand have no explanation on why the stock is down 20% following "blowout" earnings. Something is wrong with your picture, but you can't see it with closed eyes.