I was able to find it searching for "Super Pressure......" on google. I also posted it on the Investor Village message board for RAVN. Much easier to post articles and links there. A 2.5 ton payload to 115,000 feet is pretty impressive.
This stuff must have been cooking in the background for quite some time. Might be part of the reason for no orders from Spansion lately. Whether this clears the table or causes more delays remains to be seen.
April 28, 2016 11:08 a.m. ET
Cypress Semiconductor Corp. said Thursday its chief executive, T.J. Rodgers, would step down as it also said it would pay $550 million to buy Broadcom Ltd. ’s wireless Internet of Things business.
Mr. Rodgers said that at 68 years old, he felt it was time to step aside and allow “new blood” into the company.
“More importantly to me, I will now be able to work full time on the technology that has fascinated me since my mother first kindled my interest in electronics when I was a fifth-grader,” he added.
Cypress’s deal with Broadcom, which is pending regulatory approval, is expected to close sometime between July and September. The Broadcom division employs about 430 workers and generated $189 million in sales over the past year.
Another one, FWIW.
The Board of Trustees also approved $690,184 to buy, through a five-year lease, scoreboards that will be made by Daktronics and installed on all four primary walls inside the arena.
There will be two, 10-by-20 foot scoreboards with high-definition video capability, Stewart said. Those will be seen on the walls behind each of the baskets during basketball games.
The other two walls will feature 100-foot-long scoreboards on which advertisements, messages and the scores of games can be displayed.
Stewart said FSW decided with this method of scoreboards rather than the traditional scoreboard hanging from the center of the roof because this will give the arena more flexibility when having non-sports events such as concerts and graduations.
Smaller, but they didn't even consider another supplier. Still, can they make money on the projects????
The Salina school board on Tuesday unanimously approved a new scoreboard, along with a new sound system and video display at Salina Stadium.
Executive Director of School Improvement Linn Exline and Executive Director of Operations Mike Nulton spoke to the board April 12 about the proposed upgrades, which would cost about $115,000.
Questions about proposal
The board answered questions about the proposal Tuesday from Salinan Jarred Green, who said his two children would be attending Salina schools.
Green asked about how common a video board like this was for high schools, how often the district’s students would use it and if the district reached out to any outside vendors.
I am seeing lots of these projects in the news. Texas is crazy about it's high school football. Now, if Daktronics can just figure out how to make money on the projects.....
McALLEN — Plans to bring the largest high school scoreboard south of Austin to the Rio Grande Valley are solidifying as McAllen school district officials work out the final details of their recent purchase.
The school board approved the purchase of an approximately $900,000 scoreboard that measures 75 feet wide by 68 feet high and features a high-definition screen, which will be installed by the end of July at Veterans Memorial Stadium.
“It’s going to be one of the biggest scoreboards in high school sports,” McAllen schools Trustee Marco Suarez said.
The scoreboard, he said, was purchased from Daktronics, a South Dakota-based company, which will also finance it interest-free for five years.
Hope these patents are worth something. About time for the 1Ps to ship so they can pay off the revolver. Guess they could get an increase in the size of the revolver, but it seems like they would need to file an 8-K for it.
United States Patent 9,316,683
Richmond, II , et al. April 19, 2016
Apparatus for testing electronic devices
An apparatus is described for burn-in and/or functional testing of microelectronic circuits of unsingulated wafers. A large number of power, ground, and signal connections can be made to a large number of contacts on a wafer. The apparatus has a cartridge that allows for fanning-in of electric paths. A distribution board has a plurality of interfaces that are strategically positioned to provide a dense configuration. The interfaces are connected through flexible attachments to an array of first connector modules. Each one of the first connector modules can be independently connected to a respective one of a plurality of second connector modules, thereby reducing stresses on a frame of the apparatus. Further features include for example a piston that allows for tight control of forces exerted by terminals onto contacts of a wafer.
Not seeing the 8-K for Mar. orders. Last year it was released on Apr. 24. Most months by the 23rd or so. Will be interesting to see how it goes as the excuse of the strong dollar needs to fade away.
Found this news article:
COUNCIL BLUFFS, Iowa- The University of Iowa is seeking approval from the Iowa Board of Regents to purchase a new video board system for Carver-Hawkeyes Arena. Currently, fans can watch one of four screens overhead.
The proposal calls to spend up to $3.5 million on the boards. The University also plans to enter into a lease agreement for up to $5.5 million dollars for the installation of new equipment and control room to operate the new boards. The new system would be a large screen hung from the center of the arena, with two boards facing the sidelines, and two facing the end lines. The University is working with Daktronics on this project as the vendor for the systems.
Also the sound system for the arena will be upgraded. The original sound system is still in use from when the arena opened 30 years ago.
The University will seek a loan of $5.5 million through Wells Fargo to finance this purchase. The loan will be repaid through Athletic Department gifts, according to the agenda item before the Board of Regents.
The new Boards are set to be installed by August of 2016.
The obvious way to regain shareholder value about the $2.5M level would be to deliver the 7 or 8 units sitting in the shop. Assuming of course that they are valued at cost rather than expected retail price in the inventory line item from the balance sheet. Hopefully $6M in inventory would equal $10M or $12M in revenues.
No immediate impact, I guess.
ITEM 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
On April 19, 2016, Aehr Test Systems (the "Company") received a notice
(the "Notice") from The Nasdaq Stock Market ("Nasdaq") stating that the Company
was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the "Stockholders'
Equity Rule") because the Company did not have a minimum stockholders' equity,
as of February 29, 2016, of $2.5 million and the Company also did not meet the
alternative market capitalization and income from continuing operations tests.
The Notice has no immediate effect on the Nasdaq listing or trading of the
Company's common stock.
The Company has until June 3, 2016 to submit a plan to regain compliance
with the Stockholders' Equity Rule to Nasdaq. If the plan is accepted, Nasdaq
can grant an extension of up to 180 days from the date of the Notice to regain
compliance. If Nasdaq does not accept the Company's plan, the Company will
have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The
Company is considering various options to regain compliance with the
Stockholders' Equity Rule at this time and intends to submit a plan to regain
compliance to Nasdaq.
It would be very interesting to know how much of a down payment they get for a $1.5M test machine. Are we talking about $50K or $500K. Also, what are the penalties for cancelling an order, or are there enough escape clauses about lack of performance to meet the customers needs, etc. Still, they had over $7M in inventories at the end of the Q that needed to be shipped. I think Apr. 23 or so is 90 days on the line of credit. Also noticed that they now have $58M in accumulated losses. Not sure how much of that is still available to offset future profits, but they could be tax free for a couple years if they can ever move some product.
BROOKINGS, S.D., April 14, 2016 (GLOBE NEWSWIRE) -- The Minnesota Timberwolves and Target Center have selected Daktronics (DAKT) of Brookings, South Dakota, to design, manufacture and install a new LED video display super system. The arena will feature more than 30 new LED displays for a total of nearly 8,500 square feet of display space in and around the Target Center in Minneapolis, Minnesota.
No, but I signed up for the Premium membership ($48 per year), so I don't see any ads, etc. I thought they allowed guests to view message board posts without signing in or anything. I think they also have a free membership, and I haven't heard anyone complaining about excessive emails or offers. When I hover my mouse pointer over the posters IDs, it shows what their membership level is and many are just using the free membership. Some of the message boards feel like pump and dump boiler rooms, but you can post almost any type of article or picture in a message. That part is much better than Yahoo. Skip L uses it also, and we trade a few articles on RAVN mostly.
I posted an article on HNH and the buyout of SLI on the Investor Village SLI board if anyone is interested. Nothing to indicate the deal won't go through or anything, just mostly about HNH being overleveraged.
I would think we might get some indication how things are going in the next two weeks when the 90 repay is due on the $2M draw. I think they would be required to file with the SEC if they were not current on that loan.
Good question on Mario. Sometimes they mention that they have the blessing of other major holders when making these announcements, so maybe he hasn't decided yet. If so, it might still take a better bid to get the job done. HNH/SP has about 25% and if Mario and a couple other have agreed, the deal is done. I still might be afraid to buy at $40 though given the number of times they cancelled the offers.