Qualcomm has products....PTSC does not. Revenues may or may be recurring. If recurring, the amounts per year are likely much less than a ONE TIME payment for a license. So that`s what makes this more like a RAMBUS market cap than a Qualcomm or other design, mfg, selling organization with revenue growth that justifies their PE ratio and market cap.
I`m still thinking resistance at market cap $2Billion. $7/sh.......but hope irrational exuberance prevails and I am wrong!!
biomedman