I spoke to Sarantel yesterday on their latest results. They've been hit by a major client not delivering the volumes it promised, and have had to retrench.
But they've also now got new deals for their antennas with Hewlett Packard and TomTom. The HP deal in particular should help them get back on track, as they now have better visibility - they're supplying the end users, not just another OEM.
What strikes me as interesting about Sarantel though is that it's a beneficiary of the trend to miniaturisation. Management believes patch antennas are reaching their physical limits, and face unacceptable performance degradation from here on for every millimetre taken out.
'Slimline' TomTom currently means 14mm thick. Sarantel are looking at products only 10mm thick and the size of a credit card.
So there's a second Moore's law at play. Not only do we see the amount of memory/processing power per pound increasing, but at the same time a commensurate decrease in both size and (importantly) power requirements.
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