Concurrent Technologies Share Discussion Threads

[zipstuck] 19/5/2023 08:06

Since 14/122 they have signed 2 reseller agreements announce a new product and have a substantial order backlog. Frustrating.

[bamboo2] 17/5/2023 16:39

Bought a few. Paid 68.2

[simon gordon] 12/5/2023 17:54

MRF,

I emailed the CFO and was told to expect news in the next couple of weeks, that was three weeks ago.

On Wednesday I tried to get hold of the PR company but the phone was constantly busy. Then emailed the Cenkos analyst who covers the company and he was none the wiser on a date.

Might be worth PIs emailing Investor Relations and asking why they are so slow and not keeping the market updated. In the past they've issued a Notice of Results RNS, last year they did two because people involved with the accounts fell ill.

[earwacks] 12/5/2023 17:34

Good question last year it was May 12th strangely enough. So anytime next week if they have some good news, like reinstatement of dividend, otherwise they can keep quiet

[my retirement fund] 12/5/2023 09:58

Has the company told anyone when it intends to publish results?

[gswredland] 09/5/2023 09:09

That looks encouraging!

[simon gordon] 08/5/2023 06:49

Bespoke Investment Group - 8/5/23:

[earwacks] 03/5/2023 14:04

Just been discussing on the news how some of the companies likely to benefit from AI are semi-conductor board manufacturers. I thought cnc would be a classic beneficiary.

[simon gordon] 30/4/2023 09:31

Looks like another top quality addition to the team:

James Camper, Head of Hardware, started April. Previously spent 12 years at Teledyne Paradise Datacom, where his last position was Site Director:




Teledyne Paradise Datacom:

[simon gordon] 29/4/2023 07:49

Edward Hunter Christie - 28/4/23:

"Donating arms to Ukraine accelerates Western military modernisation. Old systems are donated, so new replacement systems are ordered from industry at a higher rate. This stimulates the defence industry, and leads to economies of scale & cost savings."


Defense News - 27/3/23:

Did Ukraine funding spare the US Army from budget cuts?

[gswredland] 28/4/2023 18:27

Interesting

[cravencottage] 28/4/2023 16:53

Some late movement at the end of the day....Hmm...

Results can't be far away..

[gswredland] 28/4/2023 13:23

Must be an update soon?

[simon gordon] 22/4/2023 20:22

FT - 22/4/23:

Chip industry slowdown will last longer than expected, manufacturers warn

Weakening demand for automotive components compounds slumping PC and smartphone sales

Semiconductor companies have signalled that the industry’s sharpest slowdown in more than a decade is lasting longer than expected, as weakening demand for automotive components compounds slumping personal computer and smartphone sales.

Taiwan Semiconductor Manufacturing Company, the world’s largest chip producer, this week pushed back its expectations for a market recovery, as the industry bellwether projected its first decline in annual revenues since 2009.

After sales of electronics boomed amid widespread component shortages during the peak of the Covid-19 pandemic, industry stockpiles of chips have been building up since last summer.

“Semiconductor inventory adjustment in the first half of 2023 is taking longer than our prior expectation,” CC Wei, TSMC’s chief executive, told investors on Thursday’s quarterly earnings call. “It may extend into the third quarter [of] this year before rebalancing to a healthier level.”

After growing net revenues by 43 per cent last year, TSMC now expects sales to decline in the low- to mid-single digits for 2023.

TSMC’s gloomy outlook followed figures from the Semiconductor Industry Association earlier this month, which showed global industry sales fell 20.7 per cent in February 2023 compared to the same month last year, the sixth consecutive month of declines.

“We’re looking at . . . a typical downturn situation in the semiconductor industry, which actually hasn’t happened for a large number of years, where the supply just exceeds the demand,” said Peter Wennink, chief executive of ASML, the Dutch supplier of advanced chipmaking equipment, in a call with investors this week.

However, this time around, what Wennink described as a “classical semiconductor down cycle” is playing out on a much larger stage.

“There have never been more industries where semis are crucial to their business,” said Ben Bajarin, analyst at Creative Strategies, a Silicon Valley-based consultancy. That means the chip industry’s fluctuations are much larger today than during the last recession of 2008-09.

The PC industry has been particularly hard hit by a slowdown in consumer and corporate spending, with market researchers at IDC estimating a 29 per cent drop in the first quarter of this year compared with 2022. “It’s pretty much the worst PC year on record,” Bajarin said.

Smartphones had their fifth consecutive down quarter, with researchers at Canalys estimating a 12 per cent decline year-on-year, as consumer spending is pinched by inflation.

Amid a glut in components for personal electronics, the automotive industry continued to suffer shortages into the first few months of this year, making it a relative bright spot for chipmakers. However, even that market is “showing signs of softening into [the] second half of 2023”, TSMC’s Wei said.

“Some investors feel this down cycle is being built on top of a fairly long up cycle,” said Amit Harchandani, semiconductor analyst at Citi. “Because the backlogs have gone up so much, they fear the drop is likely to be equally steep. It’s a bit nervous out there.”

[simon gordon] 19/4/2023 15:56

Hal Brands on Bloomberg News - 19/4/23:

Win or Lose, Ukraine’s Big Offensive May Put Biden in a Bind

So far, Biden’s administration has proceeded as though it can give Ukraine the aid it needs, while preparing adequately for a looming conflict with China, while making only marginal increases to the defense budget.

That strategy has always been a gamble. The longer this war goes, the riskier it will be. If Biden wants to win a long fight in Ukraine while reducing the possibility the US might lose in the Pacific, he will have to begin rearming the American military with something like wartime urgency. If he opts not to do that, he may have to decide which geopolitical priority — defeating Russia or deterring China — to sacrifice.

[simon gordon] 16/4/2023 13:41

Craven,

Let's hope China coming out of lockdown has freed up the missing components they needed and they have a rip roaring 2023. 2024 should be a blast as the newly enlarged sales team bring home the biscuits.

=====

Interesting video with plenty of stats on global arms sales.

UK has gone from 4.7% to 2.9% share of global arms exports.

France from 6.4% to 11%.

Joe Bloggs - 16/4/23:

RUSSIAN Arms Crisis as BILLIONS Lost in Arms Sales After Disastrous Ukraine Campaign

[cravencottage] 16/4/2023 09:59

That's a good post Simon and offers an insight into what could happen to CNC's share price..

I'm curious to hear about production at their factory and if the run rate will be maintained?

23.04 0r 12.05 or somewhere inbetween?.....Not long for an update from the horse's mouth.

[simon gordon] 14/4/2023 10:29

FT - 14/4/23:

Can Intel become the chip champion the US needs?

...Intel is today at another crucial juncture. If, as planned, the company finally produces chips made with EUV in large volume later this year, it will be an important step on the road back. Nowhere will progress be watched more anxiously than in Washington, where the Biden administration is facing an imminent decision about how much financial backing to throw behind the company...

...Intel’s failure to keep its lead in manufacturing technology has been at the centre of its problems. For half a century after its co-founder Gordon Moore famously predicted in 1965 that the number of transistors on a chip would rise exponentially, Intel maintained a roughly two-year advantage over rivals...

...To support its new chip designs, Intel has announced a spate of giant new manufacturing plants, known as fabs, with the economies of scale needed to justify the capital-intensive processes.

There are two fabs planned outside Phoenix, two more in Ohio and a new €17bn mega plant in Germany that represents the country’s biggest investment since the second world war.

The cost for the first phases of these developments has already reached around $60bn, and the German government is pushing Intel to expand its plans in exchange for the higher subsidies the company is seeking...

...it is likely to take years for Intel to win over enough big customers willing to bet on its advanced new fabs, making such a break a distant prospect.

For politicians in Washington, where reducing the country’s dependence on foreign-made chips has become an urgent matter, such long timescales will be a challenge.

“It took Intel 10 years to lose its lead, and the US giving up its chip manufacturing has taken 30 years,” says Shih at Harvard Business School. “Don’t expect results by the next election cycle.”