the P/E in the semiconductor area seems to range higher than the "standard" P/E 15.
For example,
Fairchild P/E 99
NXP P/E 36
AMD P/E 38
AMAT P/E 32
MicroSemi P/E 89
I would be inclined to think that once we have an agreement/partner and better idea of licensing agreements/products, the POET P/E will be a high number, in anticipation of future earnings.