Yes the backlog pipeline was referring to, what he should have said, sales pipeline or perhaps sales potential. Sales pipeline can mean a lot of things. Depends on how it is defined.
That said the idea that a customer is going to see new VMEM product and then place an order for it in less than 3 months, committing $1-$2 million, is over optimistic.
Sure wish they had hit a higher revenue number but at least progress was made.
I think your view is spot on. It sure would be nice if they could hit the midpoint of their guidance on revenue next time but that may be a wishful thinking. They were more positive this time around than last quarter (which was morbid).
The idea of getting some value out of their R&D/IP may also push some reluctant acquirer to make a realistic bid for the whole firm.
I have always thought a INTC, MU, Seagate or WD would be good candidates but I may be the only one that feels that way.
The after hour volume so far is under 250,000, and price sits around $1.87. Quite a fall from the price at the close but off the $1.65 low, so far, in after hour trading. Not a good day for me, that is for sure but not anywhere near the disaster of last quarter.
It is still in turn around mode and they have controlled their spending giving them time with cash on hand.
The market will make its judgement over the next few days--I don't think the after market means much with such low volume.
They financed some sales so that revenue will be recognized over future quarters. If it hadn't been for that they would have met low end of revenue guidance. That is a good point.
They indicated have reviewed their substantial patent portfolio and will see how that can be used to increase shareholder value (Sounds interesting but not sure what it means).
Recurring sales are very big opportunity.
Q3 guidance $16 million to $20 million.
Any 6000 revenue will increase as all products not written off have now been sold. Any sales will fall to GM 100%.
Quarter 3 GM 53 % to 55%
Headcount at 339 up from 323. Staff in sales increased.
Very small volume...I saw one 10,000 share sell. Now volume about 100,000. Price about $1.80,off the low AH.
People waiting to see what the guidance is.
Very true on the revenue. I was hoping for $18M as was the market evidently. Growth over last quarter but not enough.
This will certainly increase the shareholder pressure as I think the low price recently has created another +5% holder. We will see if guidance can get the stock price up after hours,
Better than last quarter..time will tell
Management has been pretty consistent that their first priority is to reduce the dilution possible from the convertible debt. A dividend is more of a 2017 option.
I would prefer they spend on dilution issue and capital spending for the new technologies.
There has been some short term trading the last few days for profits but the trend has always returned to up with I think a buyer making a big bet. Another 400,000 shares today.
Well I can certainlt make a case of there revenue being in at 16. Guidance certainly will be an issue. If they can hit the mid point of their guidance that would be a reason for the stock to move above $3.
I also think we will see another 5% owner filing too.
At these prices it certainly is possible interest in a buyout exists.
As I recall Dell was bought for $24 billion a couple years back.
Little out there to tell how earnings and revenue will fall. Thursday afternoon will certainly be watched by all with hope for VMEM.
Hoping for revenue above $18 million.
I have to agree with you about Bloomberg. They are the cool confident professionals where CNBC at times can look a lot like CNN.
Well into the $5's now. Not sure where the bottom is. Certainly the Real Estate market and EXAR holdings have not given the stock a floor.
One has to ask when Lou will "retire" to spend more time with his family.
" Also announced by Intel: Optane, an SSD platform that combines the company's 3D XPoint next-gen memory (recently announced in partnership with Micron) related controllers, interface hardware, and software. In a demo, an Optane SSD delivered over 5x the IOPS performance of Intel's high-end P3700 NAND flash SSD. The first Optane drives will launch in 2016. "
Why wouldn't Durcan say it was Intel's $0.7B to $0.9B? Why the secrecy?
Could it be Seagate dollars?
Based on the existing 3D XPoint relationship, Sundararajan and Pacific Crest analyst Monika Garg both viewed Intel as Micron's likely $0.7 billion to $0.9 billion contributor for 2016.
Durcan, however, wouldn't identify that partner.
"We have great partnerships," he said on analyst day. "Many of you know about some of them, some of them are not so visible yet to you."