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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Clearspeed Tech | CSD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.50 | 3.50 |
| Top Posts |
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Posted at 28/6/2006 07:07 by taylor20 Trad, Your posts are always extremely informative, but I have to say your last one seems unreasonably negative, and may lead new investors reading the thread to suspect your motives? No revenues until Q4 (which is the broker's view not the company's) does not seem that unreasonable to me. A new agreement in place by July, then the flow through of orders to sales by September? But then I work for a large corporation, and my experience of our procurement process has probably jaded by expectations (It takes me 3 months just to get a book from amazon FFS!). |
Posted at 18/5/2006 20:28 by mdrans1 Today's Shares Mag :-"Tom Beese more than halved his holding by selling 400,000 shares for 'personal reasons' he wanted to buy a house." And ref non-exec Richard Farleigh :- "He is a long-term investor in the company and wanted to diversify his portfolio he still holds 18.9% of the equity." |
Posted at 19/4/2006 16:06 by mdrans1 ClearSpeed Annual Report and Accounts 2005"Within the embedded systems market, the group has also had some initial commercial success. For example, a UK-based defence systems vendor has entered into ClearSpeed's partner programme for a project, which has the potential to result in orders for thousands of processors." |
Posted at 27/3/2006 12:31 by scrutable supernumerarythat was an expert appraisal from an experienced trade insider - pretty much over the head of the general engineer, let alone the average investor - but the overall market position does emerge to enlighten us. I think Tom Beese should see these postings. I am, despite my level of comprehension, very grateful for your thoughtful reply. |
Posted at 10/3/2006 10:04 by mdrans1 Small player is fast enough for supercomputerby Alan Cane Published: March 7 2006 18:54 | Last updated: March 7 2006 18:54 IBM must have thought it was on to a shoo-in. Late last year the creator of Blue Gene, the world's fastest supercomputer, was confidently expecting a positive response to its bid to build a machine that would be almost as powerful for the Tokyo Institute of Technology. But instead, the institute opted for a consortium led by NEC, the Japanese computer group. Alongside big names such as Sun Microsystems, US chip-maker AMD and US networking specialist Voltaire Infiniband, the grouping includes UK-based Clear-Speed Technology, which is providing $2m worth of specialised microprocessor technology which will give the supercomputer its blinding speed. Ironically, IBM makes ClearSpeed's chips on a contract basis in its US fabrication plants. The Japanese order represents a huge step forward for the company. Alex Jarvis, research analyst with KBC Peel Hunt, the company's broker, says the contract is a "superb first win" for ClearSpeed and vindication of its decision to stick with its business strategy during recent years when the semiconductor industry was going through its worst recession. The management bet the company, which listed on Aim, London's junior market, in July 2004, on a belief that a market would emerge for its esoteric product. Tom Beese, chief executive, a very experienced former Hewlett-Packard executive, recalls he told the investors and the team: "Classically this will feel like the worst of times to do this, but if we are right in believing that this market will emerge and if we are right in how to address the needs of that market then this is potentially the best of times to do this. We might emerge with significant first-mover advantage." He adds: "And that is how it has played out". Brave words for the dark days of 2002, which is when the company was founded although its roots go back to Inmos, the UK-based inventor of the transputer, through Division, the virtual reality group, and Pixelfusion, a high-end graphics company. All were specialists in parallel processing computer systems that can handle two or more streams of computation simultaneously. This is inte- gral to high-performance computing. ClearSpeed's product family is described as "double-precision, floating-point accelerator boards", jargon for printed circuit boards and chips that can manipulate very long numbers with very high accuracy. They are not the main microprocessors but co- processors that relieve the central processing unit of the heaviest arithmetical load and permit computational speeds that have only ever been beaten by Blue Gene. John Fowler, chief software technology officer for Sun Microsystems, which is developing the Tokyo supercomputer, says: "The critical thing that ClearSpeed adds is the ability for Sun to meet efficiently a customer's most intense floating-point requirements in a way that cannot be done economically with central processors alone." ClearSpeed has no plans to move its headquarters from Bristol, three hours' drive west of London, although its US operations in San Jose, California, are vital for staying in touch with the all- important US supercomputer industry. With revenues of only £146,000 ($256,000) at the half-year point last June, the $2m japanese deal represents a breakthrough. Mr Beese points out how quickly the kinds of projects that ClearSpeed wants to tackle can develop. At the start of August last year, he had no information about the Tokyo contract. Within two weeks, he was approached by possible bidders who realised conventional microprocessors would not meet the specification. "Sun engaged with us less than 10 days before the bids had to be in and the consortium was still able to win." Supercomputing, however, will remain a small market. Mr Beese believes the future lies in linking off-the-shelf microprocessors to accelerator boards such as the ClearSpeed CSX 600 which will open high-powered, low-cost computing to a wide range of industries aerospace, white goods, automotive, oil and gas. "We saw that was likely to happen. The collapsing of the cost of entry is producing a whole new wave of demand," he says. Find this article at: PS I think it was also in the FT (paper) on Wednesday. |
Posted at 21/2/2006 16:23 by scrutable mdransThat was a public service rendered. But I was delighted to see that it has also gone up on the company web site. The investors also need to know when the boards start going out in production quantities, and when the japanese order is scheduled for delivery |
Posted at 20/1/2006 15:57 by tradx666 supernumeracy,The basic issue on the 'attacks' on many small companies is in my opinion a distinct lack of quality, and a headlong rush for the founding investors to capitalise on their original investment. The huge growth in aim companies is I believe characterised by many coming to market at too early a stage and with very poor corporate advisers, who take the fees at listing time, and about as good as the proverbial pork pie at a Jewish wedding thereafter! If only they brought in new rules in working capital/profitabilit And I do agree that complete and utter transparency and market disclosure must be made when short selling, and it is to our detriment that we refuse to follow the US markets in this respect... regards T.. |
Posted at 19/1/2006 14:19 by tradx666 Scrutable,I will look and I will be a subscriber soon - I have just been far too lazy to do it! Interestingly, and slightly off-topic, what do you make of AFN's purchase another similar led service to your own? Although, in ED's case, the company seems to pay the costs of the analysts reports. Sadly, I have to disagree in respect of supporting anything that would stop the markets from being artificially bound against (what I deem to be) normal commercial pressures. If a small business is susceptible to being a 'short' target, it is normally because of solid reasons, be they the lack of maturity in their business model, the incompetence of the management, or the business as attacked a highly optimistic rating that the underlying fundamentals cannot support. For those that are vulnerable in any of these respects, I see no reason to protect them against these realities, typically 'shorting' of a company will not break it, and may often be the making of it. To me, protecting listed companies against this possibility would almost be a licence for them to under-perform, over-promise and is a charter for mediocrity. I for one prefer to see the weak weeded out sooner rather than later. This may well be seen as overly harsh, but I have seen the other side of this equation through 20 years of successful business building and management, and sooner or later, weak management, or weak business models cost other businesses and individual investors dearly. Perhaps the question that needs to be more properly answered first is this; How do we stop early stage, immature companies being listed at all - or if they are, some sort of Wealth warning scale that should be assessed by the listing authorities?! regards T.. |
Posted at 02/12/2005 19:32 by bachman Lemming Investor Brief Updates 2 December 2005ClearSpeed Technology, a specialist microprocessor jumped 16p to 233.5p, (130p*) on the back of a discounted fund raising net £20.02m in a placing of 10,097,560 new ordinary shares at 205p each to fund expansion. The funds will used to consolidate the company's selection by the Tokyo Institute of Technology to participate in a consortium, led by Sun Microsystems, to develop Japan's largest super computer. It will also provide additional working capital to finance the start of volume shipments of the company's first product, the CSX600. Clearspeed is increasing the rate of investment in the company's sales and marketing effort and in product development. The placing proceeds will also strengthen the company's balance sheet. The placing shares will be placed with institutional and other investors. ClearSpeed said it has received irrevocable undertakings to vote in favour of the fundraising at the company's EGM in respect of a total of 19,754,999 ordinary shares, representing 60.82%. System C Healthcare issued a profit warning in a trading statement today, just eight weeks after we initiated our coverage at (56.5p*). The shares fell 22% to 37p after the company said negotiations with NHS National Program for IT (NP IT) had caused volatility in revenue conditions for the Company, but that the outcome of negotiations about new product and services opportunities could have a significant impact on the results for the current financial year and beyond. Whilst the company expected that those negotiations would be concluded in the short term, it is now aware that the final outcome has been delayed by at least 3 months. Consequently revenue and profits for the year will be significantly below expectations. The Company intends to maintain its operational and development capacity to ensure that it is able to take full advantage of substantial business opportunities as NPfIT gathers pace, and is well supported in this by a strong cash and balance sheet position. Helphire Group the vehicle replacement service company, gained just 8p closing at 356p, (214p*) on the news of an appointment of Rodney Baker-Bates as Non Exec Chairman. Rodney Baker-Bates was previously Chief Executive Prudential Financial Services from 1998 to 2001 and prior to that he was the Finance and Information Technology Director for the British Broadcasting Corporation between 1993 and 1998. Stanelco jumped 11% on the back of Teather & Greenwood advice to hold on to cash and buy later. Investors took this as positive note:-) We remain cautious until the full ramifications are known with the pending BPRG v SEO debacle scheduled to conclude in early 2006. Nevertheless, SEO are still ahead of our (5.25p*) inaugural research note, now trading at 14p, but well off their high of 32p since our feature. BPRG, are trading at 50p, 5p down from our (55p*)inaugural feature and well off their high of 165p since our feature. Petrel Resources lost 5.5p, closing at 60.25p, (36p*) as investors realised today's announcement was nothing new, other than the formal signing of a $197.4 service contract with the Iraq Ministry of Oil to develop the Subba & Luhais oil field, announced on 7 September 2005 The project is to develop existing reserves to raise production from under 50,000 barrels of oil daily to over 200,000 barrels of oil and 120m cubic feet of gas daily. Petrel has mobilized a development team: initial work is mainly engineering design. We plan to conduct site surveys in close cooperation with Iraqi Ministry of Oil officials early in 2006. Please note the editor of Lemming Investor has a holding in Petrel Resources (*) indicates the share price at the time of our inaugural report The content of this e-mail should be read in conjunction with our disclaimer To unsubscribe from this e-alert; admin@lemminginvesto |
Posted at 07/8/2005 10:01 by simon self Building Castles In The Air By Maynard Paton (TMFMayn) July 27, 2005 The best growth shares tend to have two features. Firstly (and somewhat obviously), they have the wherewithal to generate long-term increases in earnings. Secondly, the nature of their industry should encourage investors to build 'castles in the air' with their wildly optimistic valuations. In his legendary book A Random Walk Down Wall Street, Burton Malkiel referred to what John Maynard Keynes had noted on the subject. Malkiel claims it was Keynes' opinion that "the successful investor tries to beat the gun by estimating what investment situations are most susceptible to public castle building and then buying before the crowd." From the South Sea Bubble to the Internet boom, stock markets have often been prey to manic castle building. The key is to latch onto something new and perhaps a little mysterious, but with obviously great potential. You need something 'new' because investors will know all the problems of anything 'old', which reduces the opportunity for rampant bullishness. The sort of share to consider? Try Oxonica (LSE: OXN), Ceres Power (LSE: CWR). Or, ClearSpeed Technology (LSE: CSD), this could also be subject to public castle building. The group designs co-processors to speed up standard microprocessors and its market-leading CSX600 product offers "64-bit, IEEE 754 double-precision floating point reaching 25 GFLOPS sustained performance. |
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