• UltraDIMM Preliminary Injunction. We believe the preliminary injunction on UltraDIMM throws a wrench into SNDK’s enterprise SSD strategy. SNDK saw the product as a $500MM opportunity that could replace DRAM in servers with NAND, with the goal of increasing UltraDIMM’s penetration into the global server market (ASPs are ~$1k per module). The injunction covers 7 patents on the product and prohibits SNDK from shipping UltraDIMM going forward (shipping currently to IBM & Super Micro).
NLST- Richard Shannon attended NVM Summit yesterday, reiterates his Buy rating on NLST this am. Richard has lots of color here, says MSFT presentation shows strong support for NVDIMMs, but that their continued software tuning suggests material revs are more likely to happen in 2H15. Shannon has modeled big customer (which he thinks is MSFT) rolling on in 2H, so this is consistent with his estimates. Richard also believes SanDisk settlement is more likely than not, reiterates his Buy rating on NLST.
so why doesn't SNDK just use it instead of trying to overturn decision or put out PR saying no big deal and promote carbon2 as a better alternative? Guess you're the only one that thinks carbon2 is an easy replacement.
Spoke with Netlist management: Our understanding at this point in time
is that Diablo/Sandisk/SMART Storage have been dealt a blow with this
preliminary injunction because the bar set for the evidence is much higher
than a normal infringement case. If Sandisk is not interested in settling
the disagreement, and should the case go to trial, and Netlist wins, Diablo
will be permanently banned from providing their controller solution to
the ULLtraDIMM modules. This could result in $0 revenues from the
ULLtraDIMM technology. The one offset is that SNDK could engage MRVL
or SIMO to develop controllers that design-around Netlist's technology.
Or Sandisk determines that a reasonable royalty is justified to speed
the uptake of NAND storage into the enterprise server market, working
directly with Netlist.
dont care where it was just where I bought it and where its going. So I'm assume you're on this board and upset cause you were stupid enough to buy over $2?
This afternoon the Northern District Of California formally unsealed the preliminary injunction that it granted Netlist in its breach of contract and trade secrets case against Diablo (and by default SanDisk). Click here for our 1/7 upgrade note.
· The document outlines what the court meant by "in part" when it granted the injunction. Essentially SanDisk and Diablo are unable to continue to manufacture or ship ULLtraDIMM modules pending resolution of the court case (scheduled to begin in March), but it does not include the recall of modules that are already in the field. This is the outcome we had expected.
· We believe the net result is the same, however, and that the company has effectively put a stop to further ULLtraDIMM penetration into the market. We believe that since the court already sees Netlist prevailing in the court case, that a settlement may be the best course of action for SanDisk and the related parties.
· Consequently, we reiterate our Buy and our initial $1.50 price target (see our last note below for additional details on the target price).
Sentiment: Strong Buy
INVESTMENT HIGHLIGHTS: We believe that if we are correct (based on recent court documents) that NLST has likely won a preliminary injunction over SNDK, then the court believes that NLST stands a very high likelihood of prevailing in the upcoming contract and trade secret case. It is our belief that this could bring SNDK to the negotiating table rather than face the potential of losing at the trial. Consequently, we assume that a $25-50M settlement (at the low-end) could effectively double the market cap of NLST and therefore we upgrade to Buy from Hold and institute an initial price target of $1.50 (or the midpoint of $25-50M).
i think 2018 since we'll prob hear (what they've been saying for the past 100 years) that they need to ramp up sales force or marketing or R&D or some other excuse to grow the company
guess sellers think existing customers pumping wells are going to shut in and no more well water will be coming out...
The majority of this new oilfield brine water injection capacity at the Mills Hunter Facility has already been committed to several large E&P companies active in the region, secured through long term take-or-pay agreements.
OMEX- Mike Malouf believes co close to announcing a new strategic investor in Oceanica, their majority owned deep-sea phosphate mining play. Malouf says cash infusion would alleviate bal sheet concerns while confirming significant value on this investment. Malouf rates OMEX a Buy.
Taking bigger position and adding cash...was ebitda + last qtr so they think this is ready to rip or else they wouldnt have redeemed their preferred.
In connection with the consummation of the proposed Public Offering, RVL 1 LLC ("RVL"), the beneficial owner of a majority of the issued and outstanding common stock of the Company and of all of the issued and outstanding series of preferred stock of the Company, has agreed to enter into an exchange agreement pursuant to which it will convert all such preferred stock into an aggregate of 36,300,171 shares of common stock (the "Preferred Share Exchange"), conditioned on the consummation of the Public Offering. As a result, each series of preferred stock will be eliminated, and no shares of preferred stock will remain issued or outstanding. RVL, together with its affiliate Aston Capital, LLC ("Aston Capital"), will beneficially own an aggregate of 83,253,863 shares (approximately 68%) of the common stock, of the Company before giving effect to the Public Offering. in the 8k filing, is that the hedge fund and mgt is redeeming all their preferred for stock and they'll own about 68% of the outstanding stock
Been doing that for years. Mgt pockets the cash then tells investors profits are coming then blows the money. They bagged a bunch of investors again at $1.50 so they can continue to spend and not worry about cash flow. Serial losers.