Intelligent Ultrasound Share Discussion Threads

[wild bill] 19/9/2008 19:04

gninraW Warning mmmmm.....

[puffin tickler] 19/9/2008 18:52

According to the Finance page on Yahoo, MED currently has a market cap of £1.04m. Why would they need so much cash for a management buyout?

If management want to buy the company having completely trashed the share price they will need to have the decency to pay a healthy multiple to get people to sell.

[biglosses] 19/9/2008 18:40

Interesting info gninraW.

According to the Finance page on Yahoo, MED currently has a market cap of £1.04m. Why would they need so much cash for a management buyout?

[hyper al] 19/9/2008 16:39

gninraW

Are you one of the engineers?

What is the source of the info about management buyout?

[gninraw] 19/9/2008 15:55

MED have raised £12 Million pounds for a management buyout, and are looking for a further £3 million before going ahead.

The Operational management of MED is an absolute disgrace, although they always seem to be able to raise cash. The toolset in Dresden is hanging together with cellotape and requires constant nursing. MED have the highest management to staff ratio of any company I have known, and this is where the problem lies. Despite having 6 Managers and only 5 development engineers in the Operations side, they saw fit to make two engineers redundant in June whilst retaining all the management who are screwing the company up because they are all aligning themselves in a power struggle whilst only the engineers (of which there is now only 3) try to sort out the real issues.

If sales do appear for MED's product I'm afraid they will need to sort out the operations side of the company, or it won't matter a jot. Production yield of the devices is dreadful, but solutions do exist for the issues if the management could open there eyes and cease their protectionism.

[wild bill] 18/9/2008 16:00

Thanks for the clarification, I was wondering if your comment was along the lines of, is it a health issue with the screens being so close to the eye. Has there been any research to show how safe they are, sorry to sound a tad negative but the thought crossed my mind when I read POled's earlier comment.

[poled] 18/9/2008 11:23

Sorry WB, I meant to say "healthy product characterisation report"

I would like to see some info on their website that shows me the measured performance data for devices that have come off the dresden line.

Me gut feel is that if they are achieving all the great things that they say they are, they would have some technical data on the website to show case it.

[wild bill] 18/9/2008 11:13

POled - What is a health product characterisation report?

[poled] 18/9/2008 10:11

Hyper,

Read my post before responding!!

I stated that MED are "the only company making full colour" and that I can only see products with green P-OLED displays on the market.

The reason for this is that only green P-OLED can achieve anything like the life time required for a consumer product. Also, those products are simple displays due to the image sticking issues.

I agree that MED have a very interesting product and it is good to see. However, i believe that more materials science is required in order to make P-OLED a production material with the characteristics required for consumer products.

Also, I believe that the manufacturing tolerances required in order for MED to achieve sufficient yield to turn a profit are a little way off.

For me though, the biggest issue is image sticking. If MED displays will have icons burned into the screen after 10-20 minutes of use, it rules them out of application involving PDA's or mobile phones and seriously restricts their use in mobile television. This leaves only portable movies players and even them you need to be careful not to leave the menu on display for too long.

I would like to see some health product characterisation reports and some real manufacturing yield figures to convince me that a P-OLED product is viable in the market place and that MED won't be subject to a serious level of warranty claims.

[hyper al] 18/9/2008 08:36

POled

"As far as I can see only green POLED display have been made"

The product MED produce is not just a green display!

The fact that they can produce colour POLED makes them very valuable even if it was just on the R & D front, which it is not.

[poled] 16/9/2008 08:48

Hyper

AMOLED (small molecule) and POLED are two completely differnt materials. Many companies out there are developing with AMOLED but not many are using POLED and MED are the only company making full colour with POLED.

Here is a statement from sony

There are two types of OLED: small molecule OLED and polymer OLED. Sony uses the small molecule type because it has a longer lifespan.

AMOLED has been around for a long time and has been developed more. It is more advanced and more stable as a material. As far as I can see only green POLED display have been made. Wasn't MED's for incarnation a monochrome display for a night vision system?

The issues arise from the decay characteristics of POLED. They may have a 10,000 hour time to have brightness (measure of lifetime of display) but the intial 20% drop in brightness can happed in the first 10 minutes. This can lead to significant image sticking. Plasma screens suffer from the same issue although the process is much slower and there are ways to recover the display too.

Have a read around about the advantages and disadvantages of small molecule vs polymer OLED. If your the master of Google you seem to be it won't take you long!!

[hyper al] 15/9/2008 21:45

POled

My son has had an Iriver click MP3 player with an AMOLED display for over a year and the display is fantastic. Not a single problem. See

Lots of OLED displays about, show me the evidence on the Internet that users are having problems with them?

LCD have their problems, just like dead pixels on LCD or screen shadows from bad back illumination or pressure damage on badly packaged LCD displays.

I have had two LCD displays that have not lasted 2 years. My old iiyama CRT display is still going strong after eight years.

[poled] 15/9/2008 15:00

guys, I have been following this thread for a long time. You are all well up to speed on the benefits of P-Oled over LCD but no-one is commenting on the negatives. Life time, differential pixel ageing and display to display colour difference. I have a feeling that the customer take up of this product has been hampered becasue when they have got it in their hands they have realised that they can't produce an end product with it. Is it a case of great technology but not far enough out of the research labs to be commercially viable?

[hyper al] 15/9/2008 13:48

I would love to see a bid for MED today and to be the highest riser at 200%, and above the collapse of the banks.

But I can't see it happening.

Holding on to my stock!

[1nf3rn0] 15/9/2008 10:08

I noticed this company a couple of weeks ago and have been following their decline. Not sure whether they are worth a punt or not. It'd be a very risky one.

I noticed that Arbuthnot bought 600,000 shares on Friday at 1.5p. This cost them £9,000. Earlier in the year a holidng of this size would be worth over £250,000. Anyway, prior to this purchase Arbuthnot had been selling shares in MED. Is good news on the way?

[hyper al] 12/9/2008 11:32

31 Dec 2007 they had £6,293,000 cash in bank

Annual Report 2007

[hyper al] 12/9/2008 11:24

Major share holders as listed in last annual report

Scottish Equity Partners 24.36% 14,458,649
AXA S.A. (incl Framlington) 10.24% 6,075,000
Cazenove Capital 10.12% 6,004,405
AMVSCAP 8.71% 5,168,333
Ironshield Capital Mgt LLP 6.66% 3,950,000
Fidelity Investments 5.57% 3,304,500
BASF Venture Capital 4.30% 2,554,771
Saracen Invt Funds 4.02% 2,387,770
Hargreave Hale 3.56% 2,115,000
M D Barnard 3.27% 1,938,462

[hyper al] 12/9/2008 11:13

The 600k trade we had today is reportable, we should find out soon if it was a sell or a buy.

[hyper al] 12/9/2008 11:11

123asd

They are in shock. The share price drop has been because of lack of consumer demand, no other reason, the product is still the same.

Unlike many other tech stocks which drop down to these levels, it appears not to have any competition, OK there are other micro displays around, but they are all LCD and as a result use a lot more power and don't have the same colour qualities or resolution.

For this reason my conclusion is that they will find a buyer or a partner. I also think it could be one of the very big players

[hyper al] 12/9/2008 11:01

The exact number of shares in issue is 59,352,206

This info can be found at

So anyone with more than 593,522 shares needs to notify

[123asd] 12/9/2008 10:14

Hyper - thanks.

Don't seem to be many invested here, or are they all still in shock at what's happened to the sp?

[hyper al] 12/9/2008 10:03

123asd

Low, not sure how low.

Sorry in a rush, got an appointment, back soon.

[123asd] 12/9/2008 09:59

Thanks Hyper. What's their money situation?

[digging] 12/9/2008 09:56

they have closed this to online buying,why ?.they done the 50% spread thing yesterday,why ?

[digging] 12/9/2008 09:51

30 quid max buy v sell [e-mail] want stock