Member Info for Tracylied

106k shares bought 0 sold. Order book will have to change soon.

Yes I have said it before but we'll see the share price trend up from here. Nothing not to like about the current situation. At 50p it would look very cheap.

When Telecom connect to the network they may use a vendor to do so but increasingly we are seeing vendor avoidance and open access or Open RAN being considered. Open is where Ethernity has the opportunity.
Ultimately Open will win because it is future proof, more agile and has the best solution at each stage at the best price. It will take many products from many suppliers to make it work efficiently. Ethernity can end to end or be a partial player as all has to be interoperable. Integrators and OEMs take the best from each function and graft together to make the best possible solution. ACEnic-100 will be in many offerings as will various degrees of firmware, software and off the peg solutions. Some raw some custom.

I have received a few messages asking how Ethernity makes money if 5G goes to say Ericsson or Nokia to provide a network.
Simply those providers may nationally provide the hardwired side of the system. The optical network, Telecom then connect to the network to make mobile or fixed connections. This is Tier one. Telecom may either directly sell access to users or through mobile operators to end users. The mobile vendor to customer is Tier two.
There are other possibilities like customer to customer and device to device. We'll see many private networks appearing. These are containerised networks that are secure and focused on the task. An example will be a car manufacturing plant or global network of plants. Thousands or millions of sensors manage production using IoT. This is just data collection. Then connect as many servos and you have actions and movements. This function is time critical and can only be completed at the edge. Very little will actually go back to a data center.
So Ethernity speed and flow the connections at Tier one, Tier two and in PtP scenarios like the car plant.
Costs to operators are the volume of data transferred, the hardware to perform the tasks, the power and the space required for the hardware.
Ethernity products reduce the power and space by 80%, reduce the hardware costs by requiring many fewer cores to perform the tasks and reducing the data flowing by prioritising the importance of data. Effectively only the results are sent nit the question.

All a bit random but answers about 5 questions in one post.

Very true but the fact is that this £7m company was IPOd a couple of years ago at 130p, investment from that funding has been several multiples of todays valuation. Much was spent on products that didn't sell but have a future market. In fact the company has changed direction several times as it became apparent exactly how the main players will move forwards. Once there was interest in O ran Ethernity moved quickly to address the needs. They have ready to go network appliances that will be significant earners once mass access is available.

Well if it is not from here something has gone very wrong. Ethernity was IPOd for the event which was then delayed 18 months hence running out of funds. I have a 3-5 year share worth target £5-10. That is from share price appreciation and dividend payments.
With the two founders substantial holdings they will want to move to dividends quickly to reward themselves. The model is very lean and a £50m turnover presents few costs above the £5m turnover. It is largely rinse and repeat

Machoman. Ethernity go down the line of a turnkey product and then strip the product bare so integrators and OEMs can adapt. This Xilinx product could form part of a future Ethernity product.

It is but this is a product for the core. That is a market Ethernity are yet to develop. Ethernity ACEnic-100 can be based in Xilinx or Intel fpga as a product. As firmware Ethernity code can run on any common set up.
There will be competitors however those linked to big OEMs will be at a disadvantage head to head with integrators because of the way the big names are consolidating. It says Open but they like vendor lock in.
The next big factor is price over functionality

Ethernity have gone the same way with the unknown Indian OEM as Saab has with their Gripen fighter deal. India are only backing Indian manufacturing in many fields and they are a huge market so have plenty of clout. They are acting like China.
The ACEnic-100 will be made and integrated into Indian 5G markets. Lots of developers, integrators and vendors will take that product and base their solutions upon it. Ethernity own the technology and will secure an initial and long term royalty.
Any other SmartNIC vendors got this access to India. Not yet for sure.

I am informed that most are new roles not backfilling. I have 3 contacts not far away from Ethernity and I know that they are actively seeking quality people. I believe that the management have a very firm grip on the process. The personnel requirements are modest for what will be $100m business very soon.

https://ethernitynet.com/careers/

I have got no doubt that this is what the funding is about. Ethernity have to expand the team to remain ahead. They are expanding into a substantial workload expectation. Israel is a tech hub but they are fishing from a limited pool and it is expensive.

https://telecoms.com/506639/germany_likely_-to_-see_many_-private_5g_networks/

Private networks, community nodes edge and 5G. Massive market here. On first glance it appears that due to the number of likely users fpga powered UPF won't be necessary but that's not the case. This is sensors, devices and actuators not phones. One factory could have thousands of streams from a small area. Again with a hospital, office building. The possibility is endless globally.

Interesting 450k trade at 16.01 today. Too high to be a sell and a great price if a buy. After the trade the buy price had risen suggesting a buy.
Looks like another rollover yesterday morning. Clearly a lot going on. I expect the share price to be heading up next week.

Quite literally it has been a transformational week for Ethernity and the share price is up just over 1p.
A breakthrough contract into a massive market with promise of an alliance into 5G.
A substantial staged funding package that shadows the share price to carry into mass deployment in the worlds largest market. Spend in China over the next two years will be more than the rest of the world combined.
Ethernity kit is in multiple test scenarios right now and orders will start to flow through third party manufacturers and retailers upon completion. The tests are not tests of ACEnic-100 but of the integration of ACEnic-100.
I believe that we could well see the three major Chinese Telecom selecting providers using ACEnic-100.
So why is the share price all but flat?
Clearly the environment is not positive, the UK is a failing economy and speculative acquisition is not a priority for many retail investors.
Why invest in a company from Israel that are market leaders in China but listed in the UK. Good question but here we have an apparently niche investment vehicle entering really in the only way they can right now.
Clearly from wherever they actually originate they see Ethernitys market position and the size of the market.
Several private investors here like the risk reward situation and have built what must be exposure beyond where they have been before. Certainly I have despite the difficulty actually buying the stock.
Today Levi talks about: "delivery of the three contracts signed in the past six months along with others in the pipeline, and significantly strengthens our ability to perfect our product offerings, including our vRouter and UPF offload solutions, to ensure that they remain best-in-class in the very competitive 5G market and to position ourselves as market leaders as 5G networks advance toward mass deployment."
Doesn't sound like a failing company worth a few million on a backward stock market but that is exactly how it is priced right now.
I will be taking more next week.

I don't think so. I think that Ethernity used that news to try push the strike price up. I suspect that this fund has used means to keep it pegged. Certainly we'll see efforts to squeeze the average daily price into each trigger.
The India deal is excellent because it is a bit of jam today and jam tomorrow. It is a huge market with real geographical challenges. The border issues will mean that they won't touch Chinese solutions.
India a nation that still receives aid from the UK to supply clean water but has a new high speed rail network, space exploration and is buying fighter jets. They will certainly have 5G before the UK.

You have to ask yourself why major players Fiberhome and TietoEVRY are using Ethernity to power their UPF solutions. Will they really strike out with 5% of the market each or secure 20-30-40%. Why have Ethernity created a unique scaleable pay as you go solution? Not for fun I suggest. It's to allow for the early deployment of SmartNIC solutions with the full knowledge that they can scale up in a cist effect way. ACEnic-100 is $2-3000 each depending on spec. In addition there are licence fees to use Ethernity firm and software. These are recurring revenues over the life of the product.
Ethernity are have other OEMs and integrators using ACEnic-100 as their base to build solutions.
Globally Countries want to develop their own UPF but will use a common SmartNIC strategy. ACEnic-100 is the best in class and well priced.

It's absolutely inconceivable that Ethernity will not play a major part in this story. The cost of connecting through SmartNICs $1-2bn then more for other functions. Probably 5-10 bn over 5 years.

This is largely future dilution and funding which should strike at a higher price. I like this a lot more than the placing at 17p.
I square it in my mind with the fact that I have now got 5 x more than I intended when I first looked at 84p. My average is mid 20's in two accounts and 32 in another. I don't think that people appreciate just how big this can go from here so they focus on the here and now. This was never about the here and now for me.

I believe that the additional funding is to attract some key individuals from a business very close to Ethernity in Israel.
Ethernity are big news in Israel and they have a lot of local interest. Israel is a talent hub and that is creating some competition for quality transfers. Ethernity have a strong team but several key vacancies to fill. There is a lot at stake and they need the right calibre to meet the projected demand. Product lines need to continue to evolve to stay ahead.
This is a critical time and they seem motivated to do more than just survive. Now is the time to be aggressive and it is hard on a budget.
Dilution is just not an issue for me, falling short of the opportunity is. Ethernity should secure a substantial percentage of the work, much more than 10% VSA suggests. The market is also much larger. One thing that I have found with David is that he is always a few steps ahead.

Bid how we're VSA allowed to make themselves look so stupid. Ridiculous projections and clearly they knew nothing about this.