Ethernity Networks Share Discussion Threads

[1liam] 11/7/2022 16:16

Brrrrrrrr, brrrrrrr, brrrrrrr, brrrrrrrrPlease hang up, please hang up

[purchaseatthetop] 11/7/2022 16:00

504. India will be completely in their hands. The RNS makes it clear that all production is done in India and ENET can buy systems from them to sell globally. Nothing will be happening in Israel. The Indian policy is all homegrown.

[504] 11/7/2022 16:00

PaTT but we know that there have been contracts as we know that 50% of the OEMs at WISP America are either building a product or contracted to build a wireless backhaul or FWA product with Ethernity. I assume that we have not been told because there's no guaranteed sales attached. However you have to assume that the OEM knows their market.

[504] 11/7/2022 15:56

First half results won't make good reading, just Tarana I guess. They will be due mid August but may be earlier after the full year 21 results posted earlier than normal.
The numbers are of little interest but hopefully a broad update will be contained.
It's interesting to look back 5 months to the RNS about a UEP U turn reversing the previous UEP U turn before Christmas. So in that time they have completed UEP-60 and UEP2025 and both are in early production phases. UEP-60 is shipping in a few months time.
So after an uncertain few months they moved forward quickly and on time to the production phase. With delivery we have to expect further income and in due course extensions to the initial production orders.
I think that it will take 3 or 4 quarters to complete delivery of the XGS-PON product to China for $3m. This is such a useful tool that it would be reasonable to expect further orders from other regions.
India, I know nothing about and not holding much against it until management update. I do know that everything is happening in India and there are no works in Israel towards it. So it's either parked or completely in their hands.
The big hope for huge growth is UEP2025.

[1liam] 11/7/2022 15:52

Slowly, slowly they're taking this down.

[purchaseatthetop] 11/7/2022 15:49

It is nearly a year now since the last new contract RNS. A year. No wonder we are where we are. There were five in the six months prior to the last RNS on 31/7/21. The saving grace is that ENET do not simply issue RNSs to make us feel better.

Look at what is happening. 5G is finally happening in openran. Parallel Wireless showed exactly why UEP2025 is going to be snapped up as Cellcom have to close openran systems because of vendor locked radios. The preorders do not have to be huge to instantly recover the share price and more.

Let’s just thank goodness that at least this time the BoD made sure they were cashed up. If we were looking to have debt right now it would be really bad.

It is Quantas01 birthday tomorrow. I just had a long call with him and so MR if you are reading, a lovely RNS would be a nice gift 7am tomorrow.

[504] 11/7/2022 14:55

Look back to July 21. Ethernity win a $930k order for UEP 60 for use as an indoor 5g unit. Sales in 2022 with potential for an additional $1m in orders in 2022. As we know none of that happened because 5g indoor deployments have hardly started because the networks outside have hardly started. So shipping Q4 when really to achieve $930k +$1m they would have needed to start Q1.
This example is not isolated 5g has hardly moved at all in H1. There are signs now that it's starting but it's fragile. So Ethernity are shipping to this contract and to China for the XGS-PON product in a couple of months time. These are first shipments of last years contracts.
It's easy to see how this has happened, Ethernity and the OEMs are totally at the mercy of market timing

[504] 11/7/2022 14:44

As we know from the US WISP market they cover more than 50% of the OEMs for wireless backhaul and fixed wireless access. I suggest that in other geographical areas they are experiencing similar penetration. We need the industry to progress to deployment and order solutions from the OEMs packing Ethernity solutions.

[504] 11/7/2022 14:32

I still think all of those will happen. Obviously it doesn't start until it starts. Ethernity cannot win a race until it starts, when it does the boom in revenue will be evident.
I don't see it as laughable at all for shareholders
There is absolutely nothing that Ethernity can do but cover as many OEMs as they can when the deployments start. Industry survey last year suggests that deployments will start in volume within 2 years. That puts procurement starting in this half. Certainly the industry press supports this. Ethernity shipping into contracts Q4 this year. Shipping into new product sales Q4. It won't be long now before we see the first evidence of that with preorder UEP sales.

[purchaseatthetop] 11/7/2022 14:28

Archy. Ignore the predictions and research whether the evidence she provides makes sense. Nobody could predict when this would finally take off. It has just been delayed and delayed. Weirdly this puts ENET in a better position. But yes, I share the hurt. GLA.

[archy147] 11/7/2022 14:21

Laughable that you're being judged by a collapsing share price??!!

I'll tell you what's laughable, that's your predictions of a rocketing share price that you've cluster-bombed this board with. Here's just a snippet of the predictions you were making as little as 7 months ago:


504 - 26 Nov 2021 - 14:26:32 - 2155 of 8607
I think that £5-10 a share is possible in 18-24 months.

504 - 23 Nov 2021 - 14:34:32 - 2046 of 8607
£1 over New year looks quite possible.

504 - 01 Dec 2021 - 20:13:35 - 2456 of 8607
I don't think that 80p will be much of a hurdle

504 - 03 Dec 2021 - 09:46:31 - 2501 of 8607
The price will move quickly to previous intraday highs around 62p.
News next week and 80p drops into line.

504 - 07 Dec 2021 - 06:21:16 - 2643 of 8607
I believe 50p to £2 will be rapid and is absolutely inevitable.


Lots of people listened to you because of the air of plausibility you carry. OF COURSE you're being judged against the disasterous predictions you made. You are one of the most damaging posters I've ever seen on one of these boards. So, I repeat again: Please just eff off and leave the board in peace.

[1liam] 11/7/2022 13:13

Red flag here, I'll be very concerned. Return On Equity (ROE) - 72.25 %Operating Margin - 348.09 %

[504] 10/7/2022 14:22

The opportunity is genuine.
It's interesting because in 2019 I spoke several times with David Levi. At the time he saw 5g as individual tasks to be strung together. This is where the vBras statement came from because he thought that mobile operators would host complete networks and buy open software to run on it. However that maybe 50 component network has simplified and these functions are now hosted on a handful of almost plug and play platforms.
The other FPGA providers had vanilla solutions for openRAN operators to add the virtual components. Ethernity has a rich aceNIC with every conceivable option. This looks smart now as functions come together in a complex device.
Now lacking the expertise the others cannot simply develop something similar. The patent protected method of compute on the FPGA is the key to the density of the functions on a cheap FPGA.
It's incredible that after 3 years aceNIC 100 is really still the same product and still has unique performance and features.
I think that we'll see big sales of aceNIC 100 and the more powerful twin FPGA version for others to run their solutions on.
I have been positive the whole way through and have been judged by a collapsing share price which is laughable as often I was the only one buying.
Last week I failed to buy what I wanted, I hope that I have a few more weeks.

[purchaseatthetop] 10/7/2022 12:20

504. Exactly. They are all screwed and only ENET can resolve the problem. Only problem is that only we understand this right now. It is so frustrating to be so right but so wrong.

[504] 10/7/2022 12:08

If PW were incompetent then they all were as this is not an isolated thing. The main reason that I am so sure about huge market penetration is all the OEMs have been heading for alliance equipment rather than truly open. So an ecosystem is created by the participants to work with eachother rather than the equipment is created open and the SI blends the ecosystem capturing the best kit at the best price for the application.
These OEMs are at deployment with the wrong kit and no time to adapt. They will be hunting a SI driven ecosystem solution and waiting on Ethernity eagerly.

[astralvision] 10/7/2022 11:37

Insightful post!Great to get a well reasoned take on things.

[a6v] 10/7/2022 11:25

Frankly I can't believe there are still so many mug punters on here, clearly believing the criminals attempting to ramp up this company and others. Remember you'll only be purchasing at the top now.

[purchaseatthetop] 10/7/2022 10:38

What is staggering is the to me clear incompetence of PW and the impact this has had on their customers. To supply a network that would fail at the last stage because of the minimum order levels of vendor locked radios is simply amazing. Yes, there will be many other aspects but this clearly illustrates that ENET had the vision clear.

The new edge device was RNSd on 24/2/22.
The $2m share subscription was RNSd on 25/2/22.
Coincidence?
No.

My view is that the BoD realised that this UEP2025 was the absolutely necessary development and had to be done. But the existing funding only covered known technologies and developing UEP2025 was beyond their financial resources at that point. Therefore, 5G who I think is Daykin Sloss, put the $2m in to facilitate this new product. It fits in exactly with his funds objective of making this technology a commodity and available to the world. We may hate the open ended nature of the share subscription but if we understand why it was done it sits easier on the soul.

Just my view of course.

[504] 10/7/2022 09:10

Disaggregation is the element that makes openRAN cost effective, Ethernity has been banging on about it for years and every product has opened parts of the network. Ethernity now has the complete suite core to radio.
By standing away from the others the share price has been exposed but the technology enabled. I am sure a partnership with Fujitsu or such like would have sheltered the share price but it would have stifled the creativity. They remained alone upstream of the OEMs. This was the reason I didn't see a takeover as likely and still don't.
Actually many SI will use Ethernity and may not ever be aware. It's really in the hands of the OEMs now. I think that some will go alone but many will take partially or completely Ethernity onboard.
At the DU and UEP Ethernity will become the defacto solution and take the bulk of the market.
My view hasn't changed, Ethernity revenue will grow rapidly once it starts but from a very low level. Certainly Q1 of the following year could equal the entire previous year for the next 3 or 4 years. Once it starts the growth strands will balloon.

[purchaseatthetop] 10/7/2022 08:55

Parallel Wireless are laying off 80% of their staff because they did not deliver a true disaggregated openran. Until UEP2025 arrived this was not actually possible. It is why everybody will now be heading for ENET IP as Cellcom is just one example of hybrid openran not working for any but the largest networks. The myriad private networks that will be our best target rich area would really face Cellcoms problems without the UEP2025.

There is nothing like a real example of system failure to concentrate the mind!

[504] 10/7/2022 08:34

A bit more on the challenges of openRAN. It's definitely viable in the right circumstances and just needs a good SI to bring it together. Locking into one company like PW is stupid. It's how things have been done in the past and it can't continue. Cellcom trusted PW to shop for the best solution and just used their own. Ethernity are solving all these issues already. Just takes a good SI and they will buy Ethernity through an OEM.

[purchaseatthetop] 10/7/2022 08:07

Thanks for that 505. I agree. The end of the article shows 100% why UEP2025 is a game changer.

[504] 10/7/2022 07:45

Interesting reading. Parallel wireless have committed to several dead ends so far on the journey for openRAN. I think that many still can't see it that to contract a provider means that you don't have openRAN. They need to contract a SI and let them shop amongst the very few providers with a enough flexibility to build a truly open network.
The last piece about the vendor locked radios is classic of the experience and why Ethernity will dominate with UEP2025. In fact the lack of parts of the system is largely responsible for the delays. UPF, CU, DU, edge and radio will be in place Q4. Wireless backhaul, satellite capabilities and XGS-PON all available over the next few months. This is why I believe after much delay because the tech wasn't available is coming to an end. However the real money is not in these big networks for Ethernity it's in hundreds of thousands of small private networks.

[purchaseatthetop] 09/7/2022 16:32

Schumpeters Waves of Creative Destruction.

[504] 09/7/2022 15:28

So you want them to say something but use no words.
I think that you need to understand that they see a much bigger picture and actual events are likely 12 months ahead of RNS. They see much more progress than we know about because they are connected. It wasn't just DL who got the timing wrong, the whole market did. In fact since March 20 the whole landscape changed. This has created a real openRAN not the crumbs Nokia and Ericsson where originally planning to let go. All those deployments signed over the last few years will end up looking very different.
When I was speaking to employees in 2020 they were telling me that open 5g deployments will start the same year. They didn't understand the scale of the challenge. Ethernity has truly disaggregated the whole network and that will be the winning factor for them. Hundreds of other products from other providers vendor locked went obsolete overnight.