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Sequans looks cheap here($5) relative to their market opportunities in China and India.

SEQUANS COMMUNICATIONS is a world-leading 4G chipmaker, supplying LTE and WiMAX chips to equipment manufacturers and mobile operators globally. Founded in 2003 to address the WiMAX opportunity where it is now a global leader, Sequans expanded in 2009 to address the LTE market. Sequans’ chips are inside the world’s leading WiMAX networks and will soon be inside LTE networks. Sequans is based in Paris, with additional offices throughout the world, including USA, United Kingdom, Israel, Hong Kong, Singapore, and Taiwan.

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