MOSAID Technologies Inc. Jan 12

  • ID: 2038661
  • January 2012
  • Standard & Poors
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  • MOSAID Technologies Inc.
  • MORE

Highly leveraged capital structure and aggressive financial policy Small scale of operations Significant customer concentration and limited product diversity Uncertainty with respect to litigation outcomes Fair near-term revenue visibility owing to contracted backlog of about 3x fiscal 2011 revenue Good patent position in the dynamic random access memory and Wi-Fi wireless markets History of favorable litigation outcomes and successful contract renewals The ratings on MOSAID Technologies Inc. are largely driven by the company's highly leveraged financial risk profile characterized by Standard & Poor's Ratings Services' pro forma adjusted debt to EBITDA in the mid-6x range based on our fiscal 2012 expectations, weak pro forma cash flow protection measures, and an aggressive financial policy given the company's leveraged capital structure and...

Companies mentioned in this report are:
- MOSAID Technologies Inc.

Action: Review

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Research Type: Full Analysis

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- MOSAID Technologies Inc.

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