While we continue to note that the company's cashreserves will need to be replenished before the end of the year, we view thesurge in the stock price, with a doubling just in March, as a sign that thevaluation has reached some sort of local bottom. As the investment case nowseems just a tad less binary, we now find support for a fair value of SEK 15-18(13-16) per share. Also, the structural process with EY Corporate Finance,which includes the divestment of Gesture Interaction, adds a potential catalystto the case.
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