Actually I said it's possible that Samsung is operating at a loss for the QDs but that Nanosys could be selling at cost or small profit.

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So Nanosys could be selling their cheapest QDs at cost to also drive adoption of QDs into all LCDs, but still being cash flow positive based on the Samsung licensing fees. Looking at future market share not at current profits.

Of course it could also be that they are making inexpensive QDs for $10/gm and selling them for $12/gm, and making some money.

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I also think that the price of QDs may have actually reached $12/gm.