RE: SEYE12 Oct 2020 10:10
SEYE probably rose on Victors ramp this morning
https://s3-eu-west-1.amazonaws.com/rdey-cms-prod/app/uploads/2020/10/smart-eye-update-october-2020-pdf1.pdf
Basically SEYE are King of DMS because:
1) "We (Victor) think the CEO statement in Q2 was written in a clearly confident manner, especially considering the humble
nature of the CEO. It did certainly not look like the writings of someone who had just lost his largest battle ever (Volkswagen) – quite the opposite. "
and...
2) "Main competitor, Seeing Machines, also continues its shift to multiple architectures, as opposed to sitting tight with Xilinx in the late, critical RFQ phases. Seeing Machines recently mentioned Japan and Korea as its hottest regions. What are the chances that Seeing Machines would forget to mention Europe if one of its partners had just won a major contract, like Volkswagen, in Q2? Pretty slim, we would argue."
In response to both, 1) perhaps he was humbled because he lost.... 2) Japan and Korea are now the hottest, because we won VW, also we were pretty agnostic before...doubt SEYE will get a contract with Veoneer, but we have probably been working with others for a while... speculation on my part obviously