The Wizards Of Wonga
Good old stock market traders – they’re as excitable as girls sometimes. The NXP share price shot up from $12-ish to $18-ish on news of the NFC Android software stack developed with Google for use in NXP’s NFC controller.
“It’s a $1 part so even if there was a part in every Android smartphone – say 150m devices – the share rise is out of all proportion to reality,” says Mike Bryant, CTO at Future Horizons, “to be frank even if it was their chipset in every Android phone this would still be ridiculous.”
Going from $12-ish to $18-ish on the share price adds around $1.5 billion to the value of NXP.
Wonderful world the financial world – smoke, mirrors fantasy – like the Wizard of Oz.
Rather seasonal though.