KJ..."I am not expecting anything from Michelin as I think their agreement/relationship with Texas Instruments may be more valuable to them than we think..."
It seems to me a strange logic that can arrive at your conclusion following Honeywell's entrance into a three year agreement with Michelin last April under which they will "handle the installation of the system and also provide customer service and support for current and new customers using the eTire System." To add grist to this point, TRT's directly related RNS anticipating "that this agreement will lead to the launch of the Company's in-tyre SAW sensors later this year" surely underscores the rationale behind Honeywell's involvement.
Albeit with some obvious slippage in the launch date, it is surely safe to conclude that Michelin's control over eTire events is no more than their agreement with Honeywell provides for. As such, can there be any doubt that Texas eTire technology now has limited shelf life - no TRT, no Honeywell!!
I also disagree with your view that the market will need to see revenues in TRT's P&L before the SP motors. Personally, I expect the simple forces of supply and demand to have a highly positive effect assuming we get the major agreement(s) we are expecting, especially so if they come with some visability as to value/prospective revenues.
Happy New Year to all. By the way, are we having another comp for 2006?
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