- Income-based approach—calculating a multiple of EBITDA.
- Assets-based approach—calculating the value of tangible and intangible assets.
- Market-based approach—checking what comparable companies sold for.
The focus on POET would be number 2. Keep in mind that the first iteration of CAI's photonic fabric
is expected to generate $800 million in revenue. Since that time we have opened revenue pathways
with several companies and are on the cusp of production and producing revenue from that. I, in no
way, would expect this company to be sold for a song.