Clearspeed Technology Share Discussion Threads

[cerrito] 08/7/2007 19:06

I was about to sell and then I saw the change of Chairman so have decided to hang on..perhaps the last throw of the dice and if Farleigh cannot do it noone can..note the market was not too impressed.with a further fall on Friday...at least the departing chairman only had 12k shares so we avoid the prospect of a departing director's share owning being an overhang on the market.also two press releases dated June 26 on the company's website..one saying they are having discounted offers and another with some reasonable looking new hires.

[tradx666] 27/6/2007 16:33

super,

sorry, poor english, I meant to say that it will be the next step forward in cheap clusters/HPC in any event.

As far as I'm aware the money was just for 'general purposes' i.e R&D/marketing etc. I have to say, I'm surprised at Mckinnon I thought he would have a much bigger impact on their 'apparent' lack-lustre' performance.

regards

T..

[supernumerary] 27/6/2007 11:55

tradx666 - "As for the PS3...it was actually done first along time ago, and was done in the UK (on a small scale), and you're right, you would be surprised what you can get them to do. However, the next step forward will be the cell imho." Don't understand this - PS3 is cell. This is a link:

I've always had difficulty understanding the CSD market position. I assume buyers will want 1) performance 2) low cost (to buy!) 3) anything else they can get that will then become a discriminator between solutions that are equal on 1 & 2. If your strength is point 3, the path is inevitably rocky.

Have they said what they're going to do with the new money yet?

[tradx666] 27/6/2007 11:13

Super,

IBM's position is not a surprise to me, it is classic IBM: embrace it because the market 'might' want it, but let's not actively promote it as a technology solution because it is a) proprietary and b) not 'invented' here!

It is what I expected from them.

As for the PS3...it was actually done first along time ago, and was done in the UK (on a small scale), and you're right, you would be surprised what you can get them to do. However, the next step forward will be the cell imho.

I have to say, I am really beginning to fear, that like it's predecessor that CSD will be another goodish technology that has is poorly exploited, so slow to market that it will in fact eventually kill it?

regards

T..

[supernumerary] 27/6/2007 10:50

In one way the lack of any feedback from the IBM relationship is strange:

"NEW YORK, NY - 10 May 2007: IBM (NYSE: IBM) today announced it is redirecting $1 billion per year across its businesses, mobilizing the company's resources to dramatically increase the level of energy efficiency in IT. The plan includes new products and services for IBM and its clients to sharply reduce data center energy consumption, transforming the world's business and public technology infrastructures into "green" data centers."

But in another it isn't:

"Why Cell Broadband Engine technology
Cell Broadband Engine™ (Cell/B.E.) technology is built on server-proven IBM Power Architecture™ and often delivers more performance than conventional microprocessors while being more scalable and programmable than exotic technologies like graphics processing units (GPU), digital signal processors (DSP) or field-programmable gate arrays (FPGA)."

They're clearly focusing on Cell at the moment, and as such are direct competitors to CSD. See:

"WASHINGTON, DC - 06 Sep 2006: The U.S. Department of Energy's National Nuclear Security Administration (NNSA) has selected IBM to design and build the world's first supercomputer to harness the immense power of the Cell Broadband Engine™ (Cell B.E.) processor aiming to produce a machine capable of a sustained speed of up to 1,000 trillion calculations per second, or one petaflop."

Not as energy efficient as CSD but a lot more performance, and presumably dirt cheap for IBM if it's making the chips itself. A formidable adversary.

Talking of dirt-cheap I saw some US uni boffin had built himself a co-processor using Playstation 3s bought off the shelf and lightly modified. He reckoned the performance was pretty good for the price, but it really needed more memory. I bet you could make something quite amusing for next to nothing by buying PS3s, stripping out the BluRay drives and reselling them on ebay, and tying the remaining bits together.

[tradx666] 27/6/2007 10:25

Well for anyone peaking, it doesn't appear to be good news;

the top 500 was released:



And the only cluster I can find CSD mentioned is the GSIC Center, Tokyo Institute of Technology cluster that they sold into in '06, when it was 9th in the list and has now dropped down to 14th.

I'm sure that they must have something else in the top 500, but I'm damned if I can find any mention of it(them)! Given the pacity of win news here, perhaps that is the case, and the much vaunted IBM tie-up has produced what I thought it would i.e. not very much at all?!

On the face of it their progress in a fast-moving sector appears to be almost sloth-like. Is there any life left in CSD?!!!

regards

T..

[tradx666] 26/6/2007 13:03

All seems to have gone every quiet here..not surprisingly, given the share price performance and the woeful lack of any positive news from the business.

I see that the new top 500 will be published soon, I wonder how many csd will fiqure in?





regards

T..

[cerrito] 23/5/2007 14:49

Not practical for me to make todays' AGM but welcome feedback from anyone who can make it

[cerrito] 23/5/2007 14:48

Not practical for me to make todays' AGM but welcome feedback from anyone who can make it

[tradx666] 26/4/2007 19:01

mdrans1,

I'm happy to be corrected, I was going by what I was told, not what was in the release...

regards

T..

[mdrans1] 26/4/2007 18:49

Thanks for the encouragement tradx.

"order from a major bank. This has occurred." apparently announced out of desperation and there was me thinking it was good news, and to top it all the sales people can't be trusted.

[tradx666] 26/4/2007 16:18

opps, button happy..!

[tradx666] 26/4/2007 16:17

Supernumeracy,

LOL!!

If they can break into the traditional stronghold of the 'big tin' players i.e. Sun/cray etc in this monte carlo simulation/risk/derivatives/market modelling they will do well - it will be a very tough nut to crack, but at least this segment is exceptionally well funded and used to paying big ticket prices for small performance gains.

However, not to disappoint; It looks to me that Tom is under a great deal of pressure to have to feel the need to announce that they hope to have won an order in this segment from a 'major bank'...I hope he can believe his salespeople and that it is of significant value! At least the prospect of breaking out of the disappointing HPC segment holds some real hope for their future.

However, as you can guess, I'm still not convinced that their strategy is right, but I'm not short now either!

regards

T..

[supernumerary] 26/4/2007 13:04

I'm too polite to say that, but don't worry, tradx isn't, as I'm sure he'll be along soon to confirm...

[mdrans1] 26/4/2007 12:44

I am encouraged. Order from a major bank not more significant, but you don't say its actually insignificant.

[supernumerary] 26/4/2007 12:26

mdrans1 - proof of concept and discussions won't butter many parsnips, but I hope you're right - believe it or not I really would like these guys to succeed.

More significantly than the orders I think is the strength of the share price Having reached more realistic levels, the fall seems to have halted or at least to be hesitating, and I continue to wonder whether there isn't something going on behind the scenes.

[mdrans1] 26/4/2007 12:17

EGM Statement


order from a major bank.

discussions for use of its technology within the defence sector.

received a favourable reaction to its launch last week for banks in the USA at
the Financial Services Technology Conference.

continuing progress within research centres and universities and to be receiving interest beyond our core high performance computing focus.


Could be there is a market for Clearspeed !!!!!!!!!!!!

[taylor20] 24/4/2007 11:49

It requires EGM approval.

[supernumerary] 24/4/2007 11:22

Any idea what it means by a 'conditional' placing?

[tradx666] 24/4/2007 11:20

super,

it could be, but it's not what I'm led to believe!

regards

T..

[supernumerary] 24/4/2007 11:18

I'm surprised they got £1/share - I thought it would be nearer 75-80p. Business must be thriving!

[tradx666] 24/4/2007 10:46

Oh well, they raised the dosh, and gave some away to the employees as well...I wonder how long it will last them this time?

regards

T..

[hattori_hanzo] 17/4/2007 14:00

I'm a lurker here & impressed with the sector knowledge demonstrated by posters like Tradx666.

Therefore I'd appreciate any opinions you folks may have on CPX ?

[tradx666] 17/4/2007 13:46

diesel,

I created it when they listed and I bought in....of course, I have taken profits since and consequently changed my view and my position :-)

But, I take your point.

regards

T..