Clearspeed Technology Share Discussion Threads

[jotoha1] 08/10/2008 19:19

Looks like Farliegh needs just a few more and then will have to make a bid for the company , no mileage in this dog!

[masurenguy] 08/10/2008 18:52

A few more shares for Richard Farliegh - 2.9m @8.9p today !

[supernumerary] 03/10/2008 10:56

Probably got a decent salary too. And options, lol?

[masurenguy] 03/10/2008 01:09

Well Farleigh has spent circa £812,000 buying 7,050,000 shares at prices between 10p and 12p over the past 6 months. He had previously sold 1m shares at £2.55 (£2.55m) in May 2006. So he has made £1.74m on share transactions over the past 2 1/2 years and also increased his shareholding by 6m.

Thats a win/win for him here even in a worst case scenario of the company going under and his upside is outstanding - what a shrewd operator !

[hugepants] 02/10/2008 11:11

Farleigh buys again at 10p

[hugepants] 26/9/2008 08:47

interims:

The outlook statment has changed from 'expecting strong revenue growth especially in H2' to 'market is immature and not growing at expected rate'.

The only good thing about these results is the reduction in cash burn. Cost base to be cut to less than £3M. So with modest revenues, interest and tax credit cash burn shouldnt be more than 3p-4p a share per annum.

[brwo349] 24/9/2008 10:47

Yeah but look at the results. LOL.

[hugepants] 24/9/2008 09:22

"...ClearSpeed Technology (LSE:CSD) will announce the formation of ClearSpeed Federal Systems Inc. to address the needs of the US government defense market. "

Sounds exciting.

[hugepants] 23/9/2008 16:31

September 23, 2008

ClearSpeed Technology Announces the Formation of ClearSpeed Federal Systems, Inc. at HPEC08; Discloses CSX700 Performance Results for Embedded and Defense Applications

[supernumerary] 19/9/2008 23:11

I thought Huge Pants (necessary at times like these, lol) was the last man left standing!

Nice news release - the best thing I've ever seen from csd. Let's hope the banks have enough money left to buy something.

Can anyone explain why they need 64-bit FP rather than 32-bit for risk analysis?

[mdrans1] 19/9/2008 21:36

What better place to start on Monday :-

[mdrans1] 19/9/2008 21:28

Credit risk analysis!!! Recent events might provide just the acceleration ClearSpeed need.

"A tier one Japanese bank chose ClearSpeed to accelerate their Monte Carlo-based credit risk analysis application. The application is regularly used to evaluate portfolios with tens of thousands of instruments across a very large number of scenarios. However, it was taking 50 hours to run on a desktop machine. This runtime meant that the analysis could not provide information for quick decisions and prohibited the use of the model for "what if" scenarios.
After working with ClearSpeed for a few weeks, the application was ported to run on ClearSpeed's CATS-700 accelerator. The same simulation now completes in approximately ten minutes on one CATS node, a speedup of 300x, and scales easily and linearly thanks to the simplicity of the programming model."

[mdrans1] 19/9/2008 21:19

And from their website with graphics :-

[hugepants] 17/9/2008 16:46

High End Coprocessors - An Overview
Wednesday, September 17, 2008


Clearspeed CX700 mentioned

[hugepants] 12/9/2008 11:38

Bloody Awful

[hugepants] 11/9/2008 10:00

Farleigh cant buy because in closed period before results this month.

£20M raised at £1 last september
Another £20M raised at £2 in 2005

A bit of a disaster so far. Can buy now at around 12p. Net cash at last results was 32p.

[hugepants] 10/9/2008 10:16

Is Farleigh is going to keep buying?
I bought 50,000 online at 11p this morning.

[hugepants] 05/9/2008 08:33

New looking website

[supernumerary] 11/7/2008 14:37

mdrans1 - I suspect he's closed his short and moved on - lots of scope for shorters at the moment. On the other hand, he might just be on holiday!

HugePants - Farleigh bought last time at 10p, this time at 12p, so I suppose you could say it's good news, lol. But I guess the mid price for size is probably well under 12p now, which is not good news for holders.

It looks as though Farleigh is in a better position to pick up cheap blocks for himself than he is to convince the institutions they're worth holding on to. Of course many institutions are desperate for cash at the moment, and will take anything they can get for under-performing assets like this, so it's not necessarily a criticism of the company to say that. Farleigh must see something to justify his investment - he's not obliged to make it.

Anyway, he's now up to 22% - another 8% and he'll have to make an offer for the lot...

[hugepants] 11/7/2008 14:11

Farleigh buys 5.3M at 12p

[hugepants] 11/7/2008 13:52

This doesnt look good. A 600,000+ sell at a fraction under 12p. You can buy at 16p which is the price advfn are showing as the sell price. I guess that makes the current mid price effectively 14p. My 100,000 purchase at 17.5p isnt looking hugely clever at this moment. It could be a long summer unless we get some contract news. Or a takeover approach.

New estimate for cash burn is 8p per annum, on current level of sales, after the cost cuts. Given they have 22p cash at end of June, and a 4p tax credit to add on, then there should still be over 20p cash by end of december 2008 (assuming flat revenues).

[mdrans1] 06/7/2008 18:25

Tradx666 is very quiet, so I guess it's all good news.

[hugepants] 06/7/2008 14:42

H1 revenues up (but still very low).
22p of cash (with 4p tax credit still to come).
Running costs to drop by over £3M.