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Some say barking I say pumping.
The dog is barking again.EOM
I think I dated your wifes sister. A friend of mine said lets dig up some women.
Maybe they have inside info. I'm just relaying the info I've received. When it moves to around $7.00 I am a seller. Just a FYI on my part. HAWK
I don’t know who these bangers are, but Poet just won an AI Breakthrough Award, signed up Foxconn, Luxshare is using their tech and they make the best and most cost effective light sources in the market for companies like Ayar Labs , Celestial AI LightMatter and more…..they also have a new one in the works for even better cost/performance.
They plan to manufacture both with and without any Chinese parts so they can satisfy both future markets.
Thank buddy. I’ve been buzzing around sine the 1980s and always thought SI was short interest and as old as I am , it’s nice to learn new stuff.
??? Splane??? The post "explains". Read it again. HAWK
You say same in June, Splane yourself soldier
POET: "Friends in low places", you say??? Hmmmmm; something like below???
You guys of gals are something else. And I thought I had friends in low places. Up and go the right, zipper high
POET: And the 'bottom line' for me, Bro, with the Ladies??? My wonderful, lovely WIFE!! (See Her, below, at our marriage ceremony, just 2-months ago!! She's a veritable DOLL, ain't She!! And She's PRAGMATIC, too!! Heck, when we flew to PARIS on our honeymoon, She flew FREE --- I simply tossed her under my SEAT on the Boeing Max!! But, of course, both of us were PRAYING hard that the damn PLANE wouldn't fall-apart before we landed near the Eiffel Tower!!! Not to disparage the Boeing Company, per se.)
HOWEVER, one major drawback with my 'WIFE', Bro!!! When we 'jump-each-other's-bones' --- well, in Her case, PLASTICS --- I have to give HER a 'Blow-Job'!! With a cheap Walmart HAND-PUMP!! (No puns intended.)
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
So does the left over women when the bar is closing.
POET: Lookin' pretty cute, today!!
POET....................................https://stockcharts.com/h-sc/ui?s=POET&p=W&b=5&g=0&id=p86431144783
Done with POET. Moved to energy stocks.
Our time is coming. Or is it????? We’ll probably all be long gone and our Great great grandkids can echo “Our day is coming”.
Here’s another nice explanation of what Poet does and its potential. If Foxconn or Luxshare is impressed, and since they deal with the majors we can get some real traction and the big sales we’ve all been waiting for….Luxshare is onto the transmit now so I think they are already in with Poet big time.
$Where’s the Beef $ EOM
Right now, based on share price performance, this feels like an argument about who has the best last-place team.
KCCO,
You keep coming hear to bash Poet. Sometimes you’ve been right, other times wrong. One thing Poet and LWLG investors have in common is we've been wrong consistently with our timelines. That’s why Suresh was more straightforward about 2025 ramping up while we’re not even halfway through 24 yet. You need your customers to sample and have their systems ready to handle these speeds. Adva took awhile to do this while Poet’s been ready so I’ll give Poet that point of reason.
3.2T would of course start with 16 lanes at 200G/lane. The fact Suresh is already doing it at 25g per lane in a smaller form factor gives us hope he can pull this off. Eventually then migrate to 8 lanes at 400G/lane whenever that’s ready and the infrastructure can handle it, this isn’t like going to a corner store for a can of coke here ....I think your timelines are way off as I’m hearing from Andy B and others that 400g per lane is 2028 at the earliest. That could be polymers, even could be TFLN which will have time to get their act together in 4 years , even EAM still has a chance to play at 400g per lane from some private intel I’ve seen.
It’s also possible no one will likely move to Polymers at 200G/lane - Just because we hear people are sampling TFLN and Polymers even now, that does not mean it will be ready for mass production or the customers will have their systems ready for it either.
Regardless, Poet uses best of breed components as it’s an integration platform, should Polymers arrive one day….hop aboard!
TFLN will NEVER make it to market in volume, EOP will dominate within the next 3 years, Hyperlight the #1 TFLN Devlopment company in the world is saying with 3 more years of Development it MIGHT be able to get TFLN scaled in a large Foundry, and TFLN does NOT have a future at generations much beyond 1.6T
Lebby quoted a Foundry as saying the following about TFLN "At our Foundry we are worried about an investment into TFLN, it may only be for one generation, but with (LWLG) Polymers our investment would be worthwhile and a better ROI"
I always thought that Poet's OI would have partnered with LWLG's Polymers years ago but it never happened, but who knows, maybe these two will still partner in the future
FJ,
You say, “At 448G PAM4 TFLN sounds like it will be required. Organic polymers are a way off (sampling in 2026?)”.
Yes I’m glad to hear you acknowledge that for 400G per lane, it’s either TFLN or EOP.
3.2T will not be served competitively by InP EML at 200G per lane. Mark my words. Just like I told you POET’s DML solution wouldn’t be suitable for 800G/1.6T which Suresh confirmed last week.
Your reference to 2026 was from that webinar in April. That was NLM Photonic’s timeline to be sampling.
Also, TFLN is 3 years away from volume production according to HyperLight. Liobate is even further behind. OriChip is likely on par or somewhat ahead of HyperLight.
As an investor in both LWLG and NLM, I can assure you that LWLG is 2+ years ahead of NLM in terms of device readiness. NLM has a lot to prove for material reliability as well. LWLG is already sampling it’s modulators and is already working with multiple transceiver companies who plan to use the technology for 200G per lane. Look out for a reveal in the coming months.
Here’s the full trancscript of Suresh’s AGSM presentation. I omitted the Q&A session as it offers limited benefit only. (say what!!!????) I took the liberty to highlight some parts of the transcript that I consider especially remarkable or simply help you quickly find certain catch phrases. Please find the origin location of the transcript on GitHub.
Pure play AI datacom hardware
Dr. Suresh Venkatesan, 2024-06-21, presentation at POET Technologies’ AGM – highlighting done by Rainer Klute
Last year at this time, I shared my enthusiasm and optimism for POET’s future, and today, I have every reason to be even more optimistic. The reasons are many, but we start with the progress we’ve made in our financial stability and customer experiences, and extend to our continued innovation and the remarkable opportunities in front of us.
I would like to provide the shareholders with more insight into how we’re thinking about the company, the businesses we’re pursuing, our future opportunities, and what makes us tick.
Financial
In 2024, POET has been able to add approximately $29 million to its balance sheet, significantly improving its financial stability, inclusive of private placements, ATM share sales, and warrant conversions. This has enabled POET to re-invigorate its roadmap and make the necessary investment to transform its product roadmap to one explicitly dedicated to the growing demands placed by AI on hardware infrastructure. While we’ve made meaningful progress on our financial measures, what we are most pleased about is the continued product development and customer engagement across our business.
AI – the catalyst
But first, let’s discuss the markets we serve. Generative AI may be the largest technology transformation since the cloud, which itself is still in the early stages, and perhaps since the Internet. AI is what we at POET have dubbed the market driver for Photonics 3.0, a wave of photonics growth propelled by the insatiable data requirements of generative AI.
Generative AI is typically an application built on what are called foundational models and this is in the creation of these foundational models where the hardware pinch is felt. Foundational models require compute that are needed to train models and generate inferences or predictions and the software that makes it easier to build these models but the invisible link that makes the compute tick is the data communications fabric that is required to move vast quantities of data with low latency across the compute service. This is the market that POET plays in.
As we go through 2024 and into 2025, it is now unmistakably clear that AI has established itself as an overarching catalyst propelling our vectors of growth from high-speed 800 gig to 3.2 terabits per second optical engines and modules, and technically differentiated remote light sources that support short-reach data communication links within compute clusters. Our products provide foundational hardware to the AI ecosystem.
Optical data communication applications in an AI server
You can see in this mock-up of a typical NVIDIA DGX box. A DGX box is an AI server which has in it multiple GPUs, memories, and other compute elements. And each DGX box represents a vast number of optical OSFP transceivers, and these are used for server-to-server transfer within an AI cluster. All the other links inside of the DGX box are still copper today, but soon these will also be converted into optical links, and there are numerous companies are vying to penetrate this space with distinct solutions.
POET targets solutions both within the AI server and for server-to-server connectivity. The primary solution for optical connectivity for AI clusters is pluggable transceivers. This is like data center networks, except that the data rate and the unit volume requirements for AI clusters is much higher. POET optical engines are highly integrated solutions that address higher speeds of 1.6T and 3.2T, soon, and can scale to high volume because of its wafer-scale assembly and test.
The other part of the AI market that we’re addressing is the chip-to-chip optical communication. A majority of the GPU and memory links today are still electrical, but optical connectivity has benefits, and which is why large AI hardware companies are investing in this technology. POET has its external light source product line that addresses this market and offers a cost-effective and highly scalable solution.
We are fortunate to participate in markets of remarkable opportunity. Not only are they vast and constantly expanding, but they also manifest unique attributes where we tackle complex challenges requiring feature-rich solutions that preclude any chance of commoditization, giving rise to high barriers of entry that keep potential competitors at bay.
Coming soon, you will learn about a notable AI industry award that we’ve won, highlighting POET’s architectural advantages in AI and providing more third-party validation and exposure.
Foundations for rapid revenue growth – customers, partners and products
With that backdrop, what we’re doing now sets the foundation for rapid revenue growth in 2025 and 2026. Any successful business requires execution around three vectors: key customers, key partners, and key products and development. We announced our engagement with Luxshare last year with a design-in of our 2xFR4 800 gig RX engines. This year, we’ve expanded that relationship to include our differentiated EML-based transmit solutions. Likewise, this year, we announced an agreement with Foxconn, one of the premier module suppliers in the world.
Both these engagements are around the 800 gig transceiver products, with an extension to 1.6T as the market prepares for that transition. Companies like Foxconn and Luxshare are rushing to address the gaps in supply chain for optical transceivers for the AI market. With Foxconn, we’re collaborating on developing 800 gig and 1.6T optical transceiver modules that address the demands of the AI industry. Both Foxconn and Luxshare are already established suppliers in the hyperscale datacenter market, and now they are gearing up to address the AI demand.
Particularly with Foxconn, we are working in parallel on both conventional transceivers and solutions for linear pluggable optics, called LPO, which eschews the DSP and saves significant power consumption. We believe LPO will be the future of optical transmission once the kinks are worked out due to the large reduction in power consumption for LPO modules.
We also announced a partnership with MultiLane to develop optical transceiver modules using POET’s optical engines. MultiLane is one of the leaders in the optical test equipment segment and has direct ties to the hyperscalers. MultiLane has a desire to expand their product lines to include optical transceivers and have established an internal production capability for modules. MultiLane’s choice to work with POET was influenced by the low-capex costs for module manufacturing when using our highly integrated optical engines.
MultiLane has some unique capabilities that complement our technology and products. We’re collaborating with them to design pluggable optical transceivers using our optical engines that will help our customers to accelerate the design cycles even further. The objective is to design cost-optimized 800 gig modules that offer superior power and performance. This collaboration helps reduce POET’s development outlay by nearly $5 million annually as we can leverage MultiLane’s expertise versus building capability in-house.
A year ago, POET was pursuing a DML-based optical engine approach for 800 gig solutions. Despite successfully sampling optical engines with DML lasers, several factors necessitated a change, primary among them being a very large adoption of EML lasers worldwide. This large adoption helped drop prices and also caused vendors to prioritize EML lasers over other solutions. We quickly retooled the interposer architecture and process and transitioned to developing EML-based solutions in Q4 of last year.
We were able to generate first-time-right designs, which resulted in a very successful demonstration of our solutions at the OFC in 2024. The ability to now produce 400 gig and 800 gig transmit solutions based on EMLs has been truly transformational in terms of customer interest. EML lasers comprise 80+ percent of the optical transceiver usage worldwide, and we’ve developed the world’s one and only integration platform for EML lasers. At the OFC, we simultaneously showcased both 100 gig per lane and 200 gig per lane solutions as 400 gig and 800 gig chiplets.
One of the many advantages of the POET platform is its speed of development. If the building blocks are done well, we can generate rapid transitions in its products.
We’ve also expanded our supply of EML lasers to include Mitsubishi Electric and Huanye in addition to Lumentum.
With regards to 1.6T, two things need to happen for AI to deploy. First, the 200 gig per lane on the electrical side has to be available for deployment. Large players like NVIDIA and Broadcom have already announced products with 200 gig per lane, and the expectation is that it will be available for deployment late in 2025 and into 2026.
The second thing is the availability of 1.6T optical transceivers. This is where POET is collaborating with several customers to use our optical engines and bring 1.6T transceivers to the market in 2025. Perhaps for the first time since I’ve been at POET, we talk to customers about 1.6T and they tell us we’re early. This has never happened before; we’ve always been playing catch-up. So, our transition over the past six months to the EML platform and the significant leapfrog in capability is really positioning us at the forefront of optical transceiver adoption.
But we’re not stopping there. OSFP-XD is an industry standard that is already defined. It can carry 16 lanes of 200 gig, which gets us to 3.2T. The challenge is to fit all the high-speed optical and electrical components inside this package. POET already has a solution today for 16 lanes of 25 gig that fits inside a QSFP-DD that we’re building for ADVA. That’s a package that’s even smaller than an OSFP-XD.
One of the benefits of our interposer technology is its scalability. We can scale our designs from 16 lanes of 25 gig to 16 lanes of 200 gig. Of course, there are several challenges that come with higher speeds, which our engineers are working on now. We’re also collaborating with some industry leaders to come up with innovative solutions for 3.2T, with a goal to showcase our solution at the OFC next year.
Taking the next step with highly differentiated remote light sources
Likewise, we’re transcending our remote light sources to one that provides immense technical superiority. Stickiness in the market and with customers doesn’t only come with cost; there needs to be a plus-one feature that results in stickiness, and that is what we’re striving to do to capture a disproportionate share of the remote light source market as that market develops and matures.
We’re developing brand-new architectures and concepts around the interposer that can build multiple lanes of lasers on the interposer with frequency spacings down to 50 gigahertz in an uncooled application, which is unheard of. So these are things that we’re working on now, and more to follow.
200G/lane products enable 3.2T pluggable form factors
We will begin sampling our 100 gig per lane 800 gig transmitter solutions in July, to accompany our already developed receiver solutions, to multiple customers, with three committed to module design across multiple form factors in addition to our MultiLane collaboration.
In parallel, we continue to mature our 200 gig per lane solutions and we will be demonstrating RX and TX configurations at the CIOE in September. We will also be in production on our first generation of the remote light source product, the Starlight, by the end of this year.
Business model
We also need to constantly look at our business model as the demands on our product are evolving with successive generations. While the demand for optical engines versus modules was muted at lower speeds, the transition to EML architectures has completely transformed this demand picture. We now see significant demand picking up for our optical engines at 800 gig in various form factors: DR8, 2xFR4, LPO, and especially with large suppliers.
So, we are now adopting a dual model: optical engines to large suppliers and optical modules in niche applications. This prevents direct conflict with our customers and also enables POET to proliferate its solutions outside the mainstream.
Given the shift in demand, especially with the likes of Foxconn, Luxshare, and a third to be named supplier, we are working to consolidate our subsidiaries in China to allow more operational control and to be able to recognize revenue sooner.
And then there is the issue of coping with the China-West split, especially as it relates to AI and high-speed transmission. While no one explicitly says “no China,” it is implicit. Innolight, Eoptolink, and several module companies in China have established operations in Thailand over the past year. Customers are dictating component choices based on geography. While it’s not clear where this is headed, it would be prudent to project that we will require optical engine manufacturing outside Super Photonics and outside China.
We’re working on this issue with renewed urgency. We believe in the not-too-distant future, we would need to adopt a bifurcated manufacturing and sales strategy. Within China, we’ll be setting up a sales and marketing company with external investment, dedicated to winning and growing in China, leveraging Chinese manufacturing and Chinese components, whereas outside China, we will use our internal sales and marketing engine and establish manufacturing, potentially in the Singapore-Malaysia corridor. In both cases, our collaboration with MultiLane provides us a source of optical module manufacturing.
To conclude
In closing, I’m grateful to our collective teams who have delivered on behalf of our shareholders and customers. These results represent a lot of invention, collaboration, discipline, execution, and reimagination across POET. There is nothing so limiting as viewing opportunities through the same lens as yesterday’s challenges. We at POET strive to innovate with out-of-the-box solutions to challenges versus incremental improvements, which do not sustain in the long term.
We will continue to focus on hiring and retaining versatile and talented employees to the marginal expansion across the sites in specific areas. We know our success will be largely dictated by our ability to attract and retain a motivated employee base, each of whom must think like, and therefore must actually be, an owner. The past year’s development progress is the product of a talented, smart hard-working group, and I take great pride in being part of this team.
Thank you for your time.
https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/802579-full-presentation-transcript/messages/2415923#message
I’m telling you , there’s not a chance in hell. Hope the “meeting” went as planned for all you shareholders and you finally got your questions answered. Now we wait til next Anul meeting , after a few more cash raising and more cheap options for our great management heroes. Maybe they will even throw in a R/S if we sink too low in price per share and if we stay on our best behavior and we listen to the “great” advice from the “other” board which is full of geniuses. Hmmmmm???? Still .19 per share Pre -split. MUST BE A BUYING OPPORTUNITY!!!!!! Better hurry Probably the Last chance!!!!!!!!!!!!!!!
I can’t hardly wait for “Covid” to be over and gone so we can have our “yearly” meeting in person and face these thieves eye to eye and ask hard questions as to why the shareholder means nothing to them and why I can’t get money for twiddling my thumbs.
This stock is being pumped. On S.I. I read some info. Could be a good flip. I'm staying out for now. GLTA if you are going for the flip.
Usually AGM is a non event, Suresh has not spoken publicly to the shareholders since last AGM. Hopefully he’ll elaborate on the Foxconn and Luxshare relationships and the potential they bring to the company. The path to 3.2 has been stated in the last 2 blogs, where will that take us? What’s the customer wants/needs and how can we help them? Either way, after all we’ve been through and if they get their options repriced, the shareholders need to benefit too.
POET my favorite pump and dump. Bought the dip, looking to sell the rip. Prime rib this weekend.
Just to clarify, this repricing vote is only about insiders’ options. Employee options repricing is already approved. So we are talking about executives, board of directors and, at most, a handful of key people. It could easily have been addressed by individual incentive bonuses. Given options’ performance history, wouldn’t you rather have the cash in hand, rather than the bet that these options will pay off?
The fear of an exodus looks like a distraction from the real reason. This repricing by far benefits those most responsible for the missteps that have devastated the share price, multiple failed offering attempts followed by completed financings that have resulted in massive dilution. And of course this compounds the dilution by increasing the options pool which allows further grants of millions of options to insiders and employees.
The only silver lining seems to be the urgency of wanting this done now rather than next year. It suggests that they anticipate some very significant news over the next 12 months or less, perhaps even a buyout.
From the outside it feels like a last grab to add cheap options to their personal coffers before the share price takes off and they become far more expensive. But, if they achieve remarkable progress by landing some huge customers, and the share price does explode, it’s a win-win scenario.
I believe the voting will approve the repricing, but if the recent spike continues and the share price should rise to approach double the repricing sought ($1.79 Can/$1.30 USD) prior to the AGSM next Friday, the TSX Venture Exchange may be hard pressed to justify approval of such a windfall.
It seems to me, if the threat of people leaving is real, they should have a full time HR person actively in discussions with people outside of the company at all times.
They should also separate the chairman of the board position and CEO position because, in my opinion, it’s becoming clear that what’s good for some people isn’t necessarily what’s best for all shareholders…. or at least to me, it seems like the responsible things to do.
KCCO, I haven’t bothered because Mika will filter out anyone who has confronted him or questioned his “genius”. I’m one of many on that list. So feel free to fire away, they will likely answer the most obsequious and or benign questions submitted. Also, their “live” Q&A will be hand picked. Given it’s a Friday afternoon, I probably won’t bother to listen.
They want their repriced options to be approved by the exchange (I’m assuming they will get shareholder approval), so discussion will likely be lacking anything of substance.
Hey Mack or Telling…or any real shareholder here,
I haven’t seen anyone on the various forums post any lists of questions for management for Friday’s shareholder meeting.
Are there any active efforts to have particular questions answered?
Or are we all just going to bend over and take it? Lol just kidding. But seriously.
Which stands for Bull Shit , More of the Same, and Piled Higher and Dryer.
POET is LIKE GOING TO COLLEGE for YOUR BS, MS. PHD.
Whales and smart money. Wish I knew what they were buying. Evidently not our PoS POET
Energy savings continues to come up as a major issue for AI. I don't understand the details of Optical Neural Networks (ONNs) but wonder if this is an opportunity area for POET. Or is this similar to what Celestial is doing?
https://www.wired.com/story/ai-needs-enormous-computing-power-could-light-based-chips-help/
A happy and blessed Fathers day to all you fathers.
As long as it’s Hair pie
pie in the sky.
I know what you said. However they give me the impression of internal chaos .
Not what I said at all
This whole thing reminds me of Larry, Curly and Moe.
Ha Ha Ha Ha Ha!! EOM
Are you saying that this company and share price have a positive future?
Thanks KC, they are desperate to get this passed, I’d have no problem if it fails and they re-apply for repricing for employees (not CEO, CFO and Board). I do believe their staff are working their tails off to get things done
Until they actually show that they can monetize the tech, I don’t see any reason for CEO and CFO to be rewarded with below market options.
Interesting, I didn’t know about the retention expense. I get the sense there is plenty of internal conflict with board resignations, the role change for president (Vivek R). Suresh has damaged himself by siding with his CFO in spite of continuous missteps in financial management. The company and the share price and broader investor community confidence would benefit from an upgrade.
Mack,
Great post on Agora along with Racoon.
There seems to be too much pressure from some to allow management to reprice those options and absolve them of their sins. Reprice them for employees, fine. Not management. Note that there was recently a $100k retention payment to an executive. I wonder if someone high up has been threatening to leave if they didn’t get their way?
What was management’s excuse per regulatory filings? They don’t believe the options pricing reflects a realistic price in the future? Maybe (probably) true…but really it’s a greedy move on their part and rewards them for their missteps.
While I’m here…just like I called it that POET’s 1.6T solutions will not be DML based, I’m calling it now that POET’s future 3.2T solutions will not be InP EML based. I only bring this up because of FJ’s renewed excitement over 3.2T. By the time 3.2T is here, other modulation technologies will be far superior and InP EAM will not be competitive from a cost or power consumption standpoint.
For those that believe SPX will not be assembling the OE’s for FIT…
Straight from the PR:
“…and start optical engine production at its joint venture, Super Photonics Xiamen, by Q4 2024.”
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