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ChipMOS TECHNOLOGIES (Bermuda) LTD. Message Board

jayand777 33 posts  |  Last Activity: Jul 30, 2015 7:32 PM Member since: Aug 31, 2005
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  • Reply to

    New Board Member

    by duffydan30 Jul 30, 2015 5:20 PM
    jayand777 jayand777 Jul 30, 2015 7:32 PM Flag

    Has your uncle given you any indication how RB4 pre-orders are doing?

  • jayand777 jayand777 Jul 29, 2015 6:04 PM Flag

    Dback, I strongly suggest we all do exactly what you just said. And this could serve as a test vote for a future bad conversion deal for us U.S. shareholders. I have read for months (and doubted it) that we have enough votes to override a bad deal. Well, this is our chance to see if that is indeed true. There cannot be a single member of this message board who is happy with the job of this BOD. This is our chance to tell them we are tired of being blown off and screwed by their incompetence. It is time to send a loud and clear message to SJ/SK. Vote no on all their nominees. Enough is enough.

  • jayand777 jayand777 Jul 29, 2015 9:43 AM Flag

    Uptab, perhaps you need to spend some time reading the tons of articles out on the new tech. Storage devices will be virtually obsolete in a few years.

    Instead of all these garbage stocks you buy, now might be the time to look at a deep value superstar in Micron. Huge profits, huge cash flows, and a p/e in the mid-single digits. Oh, and a new partnership with the semiconductor powerhouse to make new technology more dynamic than anything produced in two decades.

    And I will say it again. HTCH headed for sub $1. Can't wait to see how Penn spins yet another call with no OIS activity. What will he say this time, that it is a 2017 story? Yet you sheep continue to believe.

  • Reply to

    Possible actions

    by qksha Jul 28, 2015 10:59 PM
    jayand777 jayand777 Jul 29, 2015 1:59 AM Flag

    First, the company needs to immediately increase the buyout amount. Then, they need to confirm that they can begin the purchases 3 days after the earnings announcement. There is no additional 30 days required. It is absolutely unacceptable that the IMOS shareholders can be held hostage like this when it is OUR money being held in Bermuda.

  • jayand777 jayand777 Jul 29, 2015 1:31 AM Flag

    STX and WDC will be completely destroyed by the news today from Micron and Intel. Most incredible new technology in 25 years. Hutch headed for sub $1.

  • Reply to

    OT to Sean...

    by jayand777 Jul 9, 2015 10:32 AM
    jayand777 jayand777 Jul 15, 2015 1:19 PM Flag

    Sip, that was exactly right, key word WAS. The ceo took the company in a new direction a few years ago. He began to emphasize more expensive, high quality products geared to the passionate gamer. But they still struggle from that past reputation. Their products today are night and day. Their Tritton headsets blow away Turtle beach and are the top-selling brand in Europe. Their Saitek flight products are best in class. Their RAT gaming mice are top notch. The stock has struggled due to the transition from the last console cycle to the new one with PS4 and XB1. All new items have to be developed for that transition, and the old ones die at retail. They aslo failed to announce a new, runaway hit in the past 3 years. Hopefully RB4 changes that.

  • Reply to

    OT to Sean...

    by jayand777 Jul 9, 2015 10:32 AM
    jayand777 jayand777 Jul 15, 2015 12:59 PM Flag

    Jaret, Matcatz gets no revenue from anything digitally downloaded. Harmonix gets all that. But if the consumer buys the actual game disc at retail, Madcatz gets a cut. Harmonix just announced more additions to the music list, and apparently they were popular because sales ranking for pre-orders for the game jumped on Amazon. The fact that MCZ is co-publisher of the game this go-around is big to me. Madcatz has stated on their last couple calls that their overall RB margins will be closer to 20% than their 28-30% norm. But that is fine if the game does big volume. There is a link to their presentation at the B Riley conference on the web site. In that 30-minute presentation, I have never heard their CEO sound more excited.

    Again, buyer beware. We are talking about a small company with a poor history of execution but with a HUGE opportunity ahead. Can they step up like they did in 2010? We will know in stages. Pre-orders ship in early October if not delayed. Christmas hype about popular kids' gifts follows in November and Black Friday, and xmas q results in mid February. June quarter results a month from now will be lousy and might provide one last buying opportunity if they don't pre announce strong Rockband pre-orders.

  • Reply to

    just the rock band 4 game only

    by joey71440 Jul 9, 2015 1:49 PM
    jayand777 jayand777 Jul 9, 2015 2:50 PM Flag

    Joey, there would be no need to pre-order the disc alone. They can be mass-produced quickly and cheaply. They will be readily available at retail whenever Madcatz and Harmonix decide they WANT them available.

  • Reply to

    June Revenue

    by jamcracker25 Jul 9, 2015 12:00 PM
    jayand777 jayand777 Jul 9, 2015 12:55 PM Flag

    Hopefully Novatek, their biggest customer, is a better indicator. They were up 4.4% month over month. Plus, the long-rumored Toshiba business HAS to start showing up soon.

    I'll go with $55M, up about 2% over May.

  • jayand777 by jayand777 Jul 9, 2015 10:32 AM Flag

    Sean, you are the gambler on the board. I have one for you to look at. I have a significant position.

    Madcatz. MCZ. Gaming peripheral company. They make Tritton headsets, Saitek products, RAT gaming mice, fight sticks, and several other products. More than 50% of sales are online and overseas.

    Penny stock, but hopefully not for long. Decent YHOO board.

    Going concern notice last week. Ignore. Was due to tight restrictions from a Wells Fargo credit line that was replaced last week with a larger more flexible line from two new lenders. Excellent CFO who has right-sized expenses. Company is basically break-even with very little debt. Company has had a history of execution issues. All that is about to change. They will announce a lousy just-ended quarter in a month, then the skies begin to brighten.

    Good news is this. After a 5-year hiatus, Madcatz this Holiday brings back its popular Rockband title. Last go-around it was huge. $100M sales-plus. This time, in addition to selling the guitars and drums, they are the co-publisher of the game as well. At the E3 conference in LA last month the game received several awards for top new music game. Genre should be big as Guitar hero, a competitor, is also back this year. They are back due to the new game consoles, PS4 and Xbox 1. A whole new generation of kids and teens await.

    I expect Rockband to lead the company to earnings this fiscal year of .15-.20 cents a share. Stock trades at .39 cents. Last Rockband cycle, the stock traded above $2. Its primary competitor in the gaming space is Turtle Beach. TB has lower margins, more debt and significant operating losses yet trades at $2 presently, down from $9 in the past year. Please do your own DD, but I believe it is a good bet with casino money.

    Full disclosure: i pitched the idea to Jaret at dinner a couple months back and he passed :) But Silent Bob is joining me for the ride.

  • Using Turtle Beach as a guide, if Rockband 4 is only a moderate success, Madcatz will be worth above $2 in 6 months. Getting little play here is the fact that RB4 is far from a one Holiday fad. This franchise will have legs, as PS4 and XB1 are still very early in their lifecycles. I would expect a new keyboard next year, in addition to other add-ons if the game performs well this holiday.

    Using TB as a guide, they did around $25M a quarter in the past year and spiked up to about $90M in the holiday quarter. And had significant operating losses. Their margins are lousy, and their operating expenses are far too high. Their balance sheet at year-end had $7M in cash and $40M in short and long term debt.

    As RB4 kicks off, Madcatz' financials will compare very favorably to TB. Even if sales are a bit lighter, MCZ has far better expense controls and far less debt. Madcatz will slightly out-perform TB in gross margins. TB's stock has been a barking dog, hovering around $2 a share, down from over $9 in the past year.

    IF Madcatz finally executes, its stock price is a screaming buy.

  • jayand777 jayand777 Jul 9, 2015 1:58 AM Flag

    Was in a Best Buy today. Gaming manager told me RB was getting more hype than GH from customers. Also he pulled up the GH Live on the computer for pre-orders and it showed available Oct 20, two weeks after RB. If RB is not delayed. Madcatz needs to hit this deadline and show all that its execution issues are in the past. Next critical step is to be in the sale circulars for Black Friday and have ample inventory in the stores.

  • Reply to

    frustrated long time shareholder

    by kapy15 Jul 6, 2015 1:08 PM
    jayand777 jayand777 Jul 7, 2015 12:00 PM Flag

    As it turns out, while everyone was in Vegas 18 months ago .patting themselves on the back for their great fortune, they should have been in the bathroom stalls selling their entire position and buying Apple or Skyworks, two companies with management who KNOW how to get things done.

  • Reply to

    frustrated long time shareholder

    by kapy15 Jul 6, 2015 1:08 PM
    jayand777 jayand777 Jul 7, 2015 11:47 AM Flag

    Yes, eventually they will do something, Turt. But just what that something will be has me more and more concerned. Everything so far has been to the benefit of the 8150 holders. Why not more of that? And please don't anybody say because we have the votes. Clearly our biggest institutional holders don't have the sack to ruffle feathers, or they would have done it by now. What was it, a year ago when the big meetings were held in NY where they had their say? That worked out real well.

  • Reply to

    Form 4s

    by two4volleyball Jun 23, 2015 10:59 PM
    jayand777 jayand777 Jul 6, 2015 12:24 AM Flag

    I would have to believe that the lack of insider buying is due to information they have that prevents such. There is a likely buyer out there. My money is still on PFSW who is waiting for their shelf to be declared effective, followed by an announcement of a cash/stock combination purchase.

  • Reply to

    New Financial Facility

    by neschuyler Jul 2, 2015 4:18 PM
    jayand777 jayand777 Jul 2, 2015 5:31 PM Flag

    Tabby, I only get testy when you make outlandish, pie-in-the-sky predictions with no basis of fact. As much as some people believe these boards do not impact people's decisions, I believe there are many new, inexperienced investors who do in fact use these boards as a basis for buying and selling.

    Predictions? OK.

    1. Madcatz eps for 2016 fiscal year .15 to .20 cents garnering a March stock price of $1.50 to $2.00.
    2. Rockband is a hit, but not a blockbuster, for Holiday 2015, and has legs for 2016 as well with a new keyboard and other surprises.
    3. Speed Commerce is sold or merged at a price of around .70-.80 cents a share. I believe the impending shelf offering by PFSW is a hint.
    4. Hutchinson Tech continues to disappoint greatly. PC business remains weak despite Win 10, and OIS turns out to be a huge disappointment. CEO has zero credibility for his repeated hype and missed revenue promises. HTCH drops below $1 by year-end. Lawsuits ahead.

    You have a nice Holiday weekend as well!

  • Reply to

    New Financial Facility

    by neschuyler Jul 2, 2015 4:18 PM
    jayand777 jayand777 Jul 2, 2015 4:36 PM Flag

    Correction. They "WERE" a going concern.

    Because of the tight restrictions of the Wells Fargo agreement.

    That agreement has now been replaced by a much larger, more flexible agreement.

    Very smart of the company to report both news events at once, as the second makes the first moot.

    Last impediment out of the way. Full steam ahead.

  • Reply to

    added 80,000 at just over .38..

    by fabulouspoodle Jun 29, 2015 2:46 PM
    jayand777 jayand777 Jun 29, 2015 3:06 PM Flag

    Add me to the list of "hopeful" buyers at .38. 20k.

  • jayand777 jayand777 Jun 15, 2015 12:14 PM Flag

    Were there any analyst questions, or did all those lame bozos drop coverage?

  • Reply to


    by puestapete Jun 15, 2015 9:57 AM
    jayand777 jayand777 Jun 15, 2015 12:07 PM Flag

    Micro. what about sales of the other items? The guitar bundle, the video game only, the dongle?

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