Member Info for Tracylied

Last year on the first day of passover we got a Covid business update so they are not beyond updating during the season.

Passover is a 8 day holiday but I think the first two and last two are like the Sabbat with technology and work bans. Only Orthodox are super strict but this is a disciplined culture. I will be on the water tomorrow exploring North.

Interesting to revisit these old interviews. A lot has happened since then and 5G mass deployment really has slipped 9-12 months from the interview expectations. The events are actually much bigger than previously envisaged but the timing has been a constant failure for all of the sector. It would be interesting to know now exactly where they are and if they have had sales through third parties.
Currently income is from direct sales and in the future model I expect direct sales to be 5-10% of the total sales volume with 50%+ coming from existing engagements with OEMs. That will be much higher if they land 3 major server manufacturers.

https://youtu.be/Ue-O5tZ_z60

David spoke of it in a video interview maybe 18 months ago.

Uhif don't forget that more than once Ethernity has been selected over Intel and Ethernity has won a contract where the client first engaged Intel then switched to Ethernity.
Yes this is a evolving situation but Ethernity are many times in excess of their valuation.

Yes it's interesting and we can see that Ethernity are in broadly the volume markets. It would be interesting to know detail around the type of SmartNIC fpga or CPU and if they were purchased dumb and integrated. If so in house or using a third party (or subsidiary). I can see some are buying from SmartNIC vendors but it is not clear how. Ethernity has sold SmartNICs in this circumstance.
This type of press is really indicative that SmartNIC is either here or about to be here in a big way. Cards have been evolving really the last 5 years at speed however they have really been used in data centres and specific products like the finance or health sector. However with 5G that will all end as the network will be driving. Yes for some applications they are 5-8 years away really in the 6th generation when devices catch up with 5G potential. Infact devices are the bit I think that we will be disappointed with in 5G.
This is a industrial and cultural revolution, it will progress quickly but right now it hasn't started. Many are preparing and we can see plenty of evidence of that. Not least 3 (or more) service providers telling 3 major server manufacturers to speak to Ethernity. I know that I keep going on about this but it is huge when massive entities want a tiny company to solve their problems.

Fairview I think that it was an empathetic nightmare for Cambridge after his 91149 share sell yesterday.
In the dream I realised that Ethernity have multiple opportunities in a massive market with substantial and influential partners and clients engaged.

It's clear to see that globally regions and nations are at very different stages. Ethernity has a product in India sold be a Indian OEM with capacity to manufacture for export and aimed at 3G and 4G but scalable for 5G. This is a NOW market and addressing router issues in 4G that will be replicated in 5G. So if you were a Indian Telecom with a 4G market and want to ultimately offer 5G then this is a very attractive proposition.
The very first true 5G deployments will be this year but they won't be huge in scale. I believe that governments globally are issuing private 5G permits. 80+ in Germany, thousands in South Korea and Japan. Many of the first 5G ecosystems will be industry specific or geographically limited. These are really field trials now and will be expanded or redeployed later.
Ethernity are involved in these and they are happening now.
The way the data travels from the RAN to the network is also changing. Service providers want control of their assets close to the central office. Many for cost reasons but also for accessibility and reliability. This will be a major market for Ethernity.

I hand a nightmare last night, I woke in a sweat calling out a name. I had sold my Ethernity shares and I couldn't buy back. I really wouldn't want to be out now.

https://telecom.economictimes.indiatimes.com/news/5g-in-india-the-journey-is-about-to-begin/81671088

Yes that's very true. In fact with the DU information Ethernity said
"The server vendors will focus their efforts with Ethernity to prime an offering to service providers committed to an early rollout of OpenRAN technologies in order to achieve cost savings and world-class services"
Clearly this is the very start, pioneers of 5G and the gold rush is various time away depending where globally you look. Many nations are still grappling with 3G

It's the way they twist and turn to make you fear that everyone is getting out and you'll be left holding the stinky nappy. Reality is nothing has changed. Cambridge spoofed himself into believing his own propaganda. Classic.

Yes that's what they are doing. However the Telco environment is very diverse and undergoing huge change. Ethernity are well positioned with ready affordable solutions to the challenges Telecom has looming. The biggest challenge is not making 5G work but making any money from it. Ethernity has a long history of understanding Telecom and helping them monetise 5G is where they are focused.
Ethernity are through 5G on many levels. I believe that RAN to network dependent on structure the data could pass through 5 SmartNIC. I bet that they will be fpga based SmartNIC I bet some will be ACEnic-100.
Let's see where Ethernity are in three months. Ethernity are entering a growth cycle. I have no clue how big it will be but I believe that it will be substantial.

29.1/30.1 currently

No reason not to be a buyer here. Ethernity are very well placed in a new market that is opening up now. We have strong indications that substantial parties are interested in the products. The market cap is very low with lots if upside potential. A multi opportunity portfolio with global reach. Any one of several opportunities can bring substantial rewards in the near term. Why wouldn't you be a buyer.

Now Cambridge sold his 91k at a £4k loss yesterday we can get back to normal service.

I believe that they will be very successful. That allows for some winners and some losers. This time last year I had 80k shares at 44p. Now I have 300k at 20ish. Now I don't need it to be very successful anymore. £2 is not a bad return. I believe £5-10 on very successful is achievable in 3-5 years.
The UPF has competition for sure but they can sell many ACEnic-100 for third party code as ACEnic-100 is without doubt a high performer and they say very competitively priced.
The DU is already showing signs of being a winner. I believe that they will receive chunky engagement fees on contract.

Nightmare 4 minutes for Fulham middle of the second half.

Dallo that simply won't happen. Unless.... The OEMs were wrong, the Chinese Telecom were wrong, Fiberhome were wrong, TietoEVRY were wrong, the 3 major server manufacturers were wrong. The management were wrong and lastly and most importantly I was wrong.
I was once before. I remember it well, it was 1975 and I fancied Fulham in the cup final.

Dallo I disagree and here's why. If Ethernity fails and engages a few contracts grossing maybe £10m over two years. Have they failed or succeeded. Are they out of business or simply trying to find "their" niche. If they fail and they access with some success the DU market with a niche DU solution rather than one that can be replicated to other clients are they out of business. No they have still expanded on last year. They could increase revenue 400% for the next 3 years based on failure or moderate success. They could still be profitable and a failure.
They are targeting a huge market there are hundreds of degrees of failure and success.
The whe thing is fast moving and there will be opportunities on every level for the next 10 years.
If you think this is a binary deal fine but you are wrong.