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could become a more attractive place to store cash. That is my theory. If anyone has a better theory or explanation for why the cash is domiciled in India, I am all ears. Why buy now? stock is down 56% yeat to date and 60% from its peak this year. The decline is attributableto two main events: Special dividend – The company paid a $15 special dividend. The dividend was 37% of the price the day before it was announced (stock rallied on the day it was announced) and about 75% of the current price. Lower earnings and revenue forecasts – the second and third quarters were weak, to say the least, and the company has guided to a ~7% revenue decline and a 43% earnings decline for the fourth quarter. The recent loss was due to the tax repatriation expense that the company incurred to repatriate cash from India last quarter in order to pay the special dividend.

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