Duke dumped our nodes! That sure explains the drop in price. I wonder if Sege will elaborate on why Duke dropped us. That could be a very telling indicator of our future with Duke.
Yeah I'm with you John, but if the ambient trolls on this board haven't filled my mind with doubts showing their product instead of ours I would feel better. Either way we will find out soon enough
As I said, maybe you cancel the order if you know that regulators aren't going to allow you to proceed for at least 12 more months. The I-Phone4 is going to cost a lot less in 12 months, and in fact most likely will be obsolete. Maybe Duke figures by the time they get regulatory approval, the current ECN will most likely be obsolete. The only way to clear it up is for the people who know the reason to be big boys and just tell us.
Call me cynical, but I dont think you cancel an order for a product and then order another because of regulatory approval. If Duke is using Ambients nodes instead than that has nothing to do with geography or regulatory approval. It has to do with quality of product vs cost.
I need an article written in German and translated by elongverylong talking about a random lonworks project posted stat to make me feel better
It is regulatory.
From the 8-K.
In addition, in the press release it is reported that Duke Energy had cancelled its $14.5 million order with Echelon for Edge Control Nodes, previously announced in September 2010, based on Duke Energy's current smart grid regulatory timeline across their jurisdictions outside Ohio.
ok, I just ate my crow on the ambient board. I have to say this is the first time since owning this stock that I am now questioning our engineering dept. Does anyone have any opinions as to why Duke would reject our node? Too expensive maybe? I cant believe that it doesn't perform as well as the competition.
doesn't matter at this point...ecn will sell in Europe and Asia, US market is treading far behind in innovation on the grid. There is enough business to absorb the hit, and guidance is good for next quarter and great for 2012.