crosspost cc
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Q3 results surpassed investors dreams
That's a given fact, I'm delighted
Listing all over the CC, the overall picture was of a very positive future outlook
Presentation by Swift was improved versus last Q
Undertandable, clear and focused on the achievements
Financial presentation by Ralf was rather confusing, going to fast over the numbers, and looks stupid to change the full year guidance by a million or two.
People get confused about it, better leave it the way it was, since guidance stays within range.
The difficult part, as usual, was the questions
AG Edwards (Katherine), discovered that a letter of intent , non-binding, is signed that could lead into negotiations conclusion this or next Q (very positive)
Ray asked the questions on wich normal investors would like to hear the answers
L2R revenue as of Q2/3 2007, talks with AMD on equity stake or debt conversion into Transmeta on a very good relation base, but again Swift failed to answer the question on PS3
Nice to see Vanguard attending the CC, good questions on the royalities, and Swift giving us the long term financial impact, 10-15 million per year per fab, and this during a life cycle of 10 years or more
On the cash flow, Swift seems to have secured future and feels comfortable with actual levels, and active discussions with AMD are taken place
Now what I don't understand (and so does Ray) is if they already have 46 mil in Rev for the first 9 month of 2006
how FY guidance 2006 low range is 48 mil
This means Q4 could have only 2 mil of revenue ??
This is impossible, and Ray saw this and asked about it
Swift before mentioned that the Sony service revenue for Q4 would top previously given estimates ( 7 mil ?), adding Product revenue, brings us to FY 2006 rev of +53Mil
The biggest mistake of the whole CC, Ray saw it, Swift tried to talk himself out by mentioning previously given guidance, but probably realise now that they shouldn't have changed FY guidance avoiding this revenue question
Conclusion
Stop comparing numbers with last years quaterly numbers, company's revenue changed from product to Licence
Analysts should be pleased to hear that headcounts will be monitored closely in vue of Service contracts
This is what the asked at the Q2 CC
Looks like a lot of things are develloping in the right way
Active discussion underway with one of the biggest computer firms of the world (IBM ?), and the very positive realtionship with AMD
Top of the cake, the Intel lawsuit. Products concerned have over the past decade a revenue of over 100 Bil $
Trial could take place in 2008 unless Intel settles before
If only 1 % is granted this means more than 5$ a share
So, the markets look ahead at least 6 months from now, this means the stock could start to make it's way up
Over the nexts weeks and months very positive PR's will follow, important deals will be signed
No matter how the future will roll out, I'm sure an investment on the long term will prove to be a jackpot
Remember, the big boys always buy the little one's (soon)
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AI
