This guy was in a river with an Indiana Jones hat on and now he is miami vice with a friends lambo behind him? Is this someone you rely on for investment advice? He writes to help investors beat wall street. What a nice fella.
Is that you lawyers view? LOL
They have to put up cash for the manufacturing agreement if history is true. That becomes restricted cash. I think they put away 11-15 MM for TSCM manufacturing years ago. It is probably a lot more these days if they want to do anything in high volume that you are thinking about. Then there is the loan covenants to deal with. That means another secondary.
Sounds good to the amateur but this stuff is commoditized and to get any profit from it, they will need to produce 100MM units and they don't have the resources for it. They are not micron and they are not the only hub in town. Anything they get will be costly and will be a loss. I am not just negative but in touch with reality.
CSSPs will never be profitable. Only one off designs which are costly. They need very high consistent volume which will not come.
That is really hilarious. A 30% increase in industrial production would not even affect QUIK. Never mind the 10th of a percent. You really know what you are talking about.
They say they don't need to go lower? Logic is too dense? They are salesman and you bought it not the OEMs. Thats because they cannot afford it.
Still right after all these years and never wrong. NOBODY is willing to invest much in quick's solution because they don't like the roadmap for future iterations. That is why you have these one off designs like samsung and kyocera. Put your fate in QUIKs hands? That is a mistake. They've done well without quik for many years and that will not change.
Lots of devices have battery issues for several years since QUIK has been touting their battery saving, image enhancement , Bill of Materials , quick to market proposition. Apple did not chose to do anything with them for a reason. THere are also reasons why Kyocera only limits their phones with quik to a few models and only in Japan. Many other reasons why they have not gained acceptance. Also keep in mind that if they had something so great, they would have been bought by now.
Sorry Don, you'll be waiting forever. The CEO's job is to stay upbeat and keep the secondaries going so they can keep their job and retirement funds. They said several years ago (5 years?) that mature product revenue would end and they still have it. They have also said for several years that the revenue and products are expected to ramp the next half and the next and the next. They also said break even was at $10MM and they hit that last quarter with $11MM but still losses are incurred with no improvement. I've been watching this company since 1997 which is much longer than anyone here on this board. I've heard it all and it is always the same story.
Analysts lost faith in this company many years ago after the constant failure of delivering on what they speak. Now analysts have a reason to be involved again because of the new CEO and the parade of new product announcements and itty bitty design wins that are not producing any profitable results.
You called me a moron and did not know what I was talking about. This company has been and will always be a POS. Here is to your not so smart comments. The proof comes quarter after quarter.
Not right now. They will tread water over the next 2 years. Maybe do another secondary to the shorts and continue to experiment with basic technology.
Just like i've said before. This has been going on for many, many years. Its amazing that they continue to do secondaries. The reason why is the buyers are short the stock. Wall Street is great in making money for themselves not necessarily the investors.
Anyone new here does not know a thing about this company. Even some old timers who say this is a good buy are out of their mind. The post I replied to "question for long time longs" is deleted where I said they have a tendency to disappoint is deleted. THere is a reason why their products have not proliferated into all devices by their customers. There are many companies doing what they want without quick logic.
To all of those FOOLS out there that have called me a moron for saying this company is not going to make it. Here is you final piece of proof. It is stacking up to a mound that is overflowing your plate. Quicklogic has an ongoing concern. Buyout??? why, who needs it? This technology is fundamental and can be done in many different ways and by many different companies that don't tout it as the next technology breakthrough. It is just basic stuff. I will check in every now and then and rub it in some more.
All I can say is they are teetering on the ledge. They better right themselves on the next call or its over. They always tend to dissappoint.