I was expecting revenue to be much higher given the orders that were announced. The low revenue number suggest that none of these orders were actually shipped and booked as revenue yet. Hopefully that means the orders were too big to fill right away.
I was also surprised by the low volume and average price of shares that were repurchased. 53,825 shares X $2.48. Looks like they haven't bought any after Jan 15th based on the $2.48 average price. That suggests real market support for the $3 range.
Netlist's request for JMOL on breach of contract claims and a new trial for the trade secret claims was filed yesterday. The court was also asked to find in favor of Netlist in its Business & Professions Code section 17200 claim. Interested parties should definitely read it. Doc. 477
We have already seen the argument for the JMOL for the breach of contract claims, but the argument for a new trial for the trade secret claims is also very convincing.
Netlist also asked for the permanent injunction. If the court does not grant a permanent injunction, Netlist request a new trial on damages for breach of contract.
Again, if you're interested, go read Doc. 477 yourself. I won't be replying to or monitoring this post, so don't bother baiting me.
Check it out if you are interested:
5/28/15 12pm EST
Mario Martinez of Netlist, a SNIA SSSI NVDIMM SIG member, will discuss how persistent memory solutions deliver the endurance and performance of DRAM coupled with the non-volatility of Flash. This webinar will also update you on the latest solutions for enterprise server and storage designs, and provide insights into future persistent memory advances. A specific focus will be NVDIMM solutions, with examples from the member companies of the SNIA NVDIMM Special Interest Group.
From 50(b) JMOL motion:
"Netlist knows that this Court is well aware of its responsibility. Throughout these proceedings, the Court acknowledged its right and duty to correct the jury on questions of law, at one point telling counsel (in the context of discussing the possibility that the jury might not abide by the Court’s interpretation of the Supply Agreement), "Well – I mean, that's why we have judgment, you know, notwithstanding any jury's verdict." Trial Tr. 394:4-7.
After the verdict, the Court acknowledged the problem created by the jury's verdict, stating "I have to deal with the fact that there’s an admission that you [Diablo] used the chips, you used them. There's no dispute. … So I have to deal with that in the context of this verdict." Dkt. 468, April 24, 2015 Tr. at 64, 65."
Will we get more details tomorrow?...
From the earnings call:
"In Q1, we successfully completed the trial with the mobile operator who is bringing location-based services to the enterprise customers. We are now preparing for an in-market trial with that operator and a very large retailer, which we hope to turn them to a wide scale commercial deployment later this year."
PR from last year indicates that Battelle and 1st Detect are collaborating on the Multi-Sample Identifier Detector (MSID variant) of the Next Generation Chemical Detector (NGCD) program. Are you referring to the recent Chemring award for the Joint Biological Tactical Detection System (JBTDS)? That is a different program right? I do not see any update on the MSID variant from the NGCD program.
Thanks in advance for any clarification.