Last 4 Quarters of earnings:
9Q1: 0.05
8Q4: 0.02
8Q3: 0.01
8Q2: 0.09
==> Earnings per share: 0.17

If Fair price with One Net entertaiment in mind is P/E = 15 (Thats
conservative in my wiew)
And if statement from Second Quarter 2009 Outlook:
"TechFaith currently expects revenue to be in the range of US$45
million to US$49 million for the second quarter of 2009, with further
improvement in profit margin as new 3G products are launched into the
market. This forecast reflects TechFaith's current and preliminary
view, which is subject to change" - holds water,

Then Year earnings very resonable could look like:

9Q1: 0.05
9Q2: 0.06
9Q3: 0.07
9Q4: 0.08
==> Earnings per share: 0.26

With P/E = 15 then shareprice should be 15/0.26 = 3.9
Current shareprice: 1.89

Thats way undervalued
And One Net where you can buy extra strengts to your hero (or
whatever) for real money has the potential to take techfaith to
heaven. Self made devices, partly self made games. How cool is that.
(If you own the company in control)

This one rocks