Seeing Machines Share Discussion Threads

[srpactive] 25/8/2021 18:21

Is that a 10m trade?

[base7] 25/8/2021 17:20

Interims not due until end Oct & I suspect that FY22 will then be published ,ie 4 months into the year when there will be clearer visibility together with , hopefully, early results from some of the $A900mill which we are pitching for ,apart from further Aviation contract news & the possibility of Fleet deals with OEMs/Tiers 1s.
Exciting times & much news to be released to support our strengthening SP

[srpactive] 25/8/2021 15:14

Yes will bought by the US before the big bucks arrive I feel.

Decent reversal after two down days though I am expecting a
challenge of 11.56p in time.

dyor

active

[skinny] 25/8/2021 10:12

Nice couple of links - thanks.

[hazl] 25/8/2021 09:56

17563

Very interesting Qualcomm piece Mirabeau.

[mirabeau] 24/8/2021 19:58

After 2023 is when SEE's earnings growth really kicks into gear

[mirabeau] 24/8/2021 19:54

'We can expect that it will be on the prowl for more acquisitions.'



Qualcomm is getting desperate…

We’ll wrap up today with fabless semiconductor giant Qualcomm’s latest move.

Qualcomm just put in a $4.6 billion bid to acquire automotive tech company Veoneer. This is a company that develops advanced driver-assistance systems (ADAS) technology and other automotive technologies.

Qualcomm’s interest in entering the automotive sector isn’t new. It tried to acquire NXP Semiconductors, one of the largest semiconductor companies serving the automotive sector. Qualcomm failed in its efforts when the deal fell apart in 2018.

It appears Qualcomm is still trying… Qualcomm’s bid came in over the top of Magna International’s $3.8 billion bid for Veoneer. That’s an $800 million premium over Magna’s bid.

Magna International is the largest automotive supplier in North America. And it’s the third- or fourth-largest auto supplier in the world, depending on the year. That makes it one of the most significant companies in the auto industry.

So it makes sense that Magna would want to acquire Veoneer. ADAS and other automotive technologies are right in its wheelhouse. It would be a complementary acquisition.

That begs the question – what is Qualcomm thinking?

We have talked before about how Qualcomm’s position in the wireless handset industry is weakening. If we remember, both Apple and Samsung have stopped using Qualcomm’s processors. Chinese wireless company Huawei ditched them as well.

And just last week, Google announced that it will no longer rely on Qualcomm’s processors for its Pixel smartphones. Instead, Google is developing its own System on a Chip (SoC). And there’s a strong chance that other manufacturers of Android phones will drop Qualcomm for Google’s new SoC.

So the largest smart phone companies in the world are moving away from Qualcomm, leaving the semiconductor giant with a vastly reduced addressable market. That’s very bearish for Qualcomm’s core business.

And that’s what this Veoneer bid is all about.

Qualcomm knows that its business is shrinking, and it’s desperate to add new lines of business beyond wireless handsets.

But here’s the thing – Qualcomm has never been a good steward of the assets that it acquires. It doesn’t absorb and integrate smaller companies very well.

And if we look at the company’s plans for Veoneer, Qualcomm has already said that it wants to sell off most of Veoneer’s business. It only wants to keep the software assets related to ADAS technology.

The reason is that the ADAS technology is tightly integrated with semiconductors and carries higher margins. Most of the rest of Veoneer’s business is generally lower margin.

Veoneer knows that Qualcomm’s goal will be to break up and sell parts of the company…. That’s probably not going to go over well with Veoneer’s key employees.

So this is an awkward transaction anyway we slice it. And it shows just how desperate Qualcomm is.

If it wants to get a foothold in the automotive industry, which would be a smart move, it’s going to have to do something a lot bigger…. For example, German semiconductor firm Infineon. I’m not suggesting that would be easy, and I bet that European regulators wouldn’t like it. But that’s the kind of exposure to the automotive industry Qualcomm needs.

Within the next 24 months, after the wave of 5G smartphone purchases has passed, Qualcomm’s revenue growth will slow down dramatically. It may even turn negative by 2024. We can expect that it will be on the prowl for more acquisitions.

Regards,

Jeff Brown
Editor, The Bleeding Edge

[unionhall] 24/8/2021 17:18

I think Qualcomm or a Chip manufacturer is a more likely buy-out than any of the many OEM's who will have SEE DMS in their vehicles.

[kendonagasaki] 24/8/2021 16:34

It's a good long term hold but GM will proably buy them out at some point.

[srpactive] 24/8/2021 11:15

K

I think he meant eventually for all posters in life
rather the see.

Just topped up.

dyor

active

[kendonagasaki] 24/8/2021 09:14

Death?Depends on how you perceive it:)Well my buy yesterday is down 8 pints already.I see this share as an 18-24 month hold.I believe they have spent thier time on fruitful R&D and will continue to add as and when the dips allow.Good luck all long term holders.

[mirabeau] 24/8/2021 07:07

RAAF and SEE

[waterloo01] 23/8/2021 15:52

Averaged up with a few at 11.1. Story very much 'intact'

[mdchand] 23/8/2021 13:56

12p was a natural resistance point. In the absence of news, traders and PIs sold off (8p entry point - why not). Nothing more to see here. LT story still intact.

[mirabeau] 23/8/2021 13:09

Tesla Autopilot Crash Probe Can Lead to Extensive Driving Assistance Scrutiny



Vehicles equipped with autonomous driving technology and their Subsequent investigation As some automakers have introduced advanced driver assistance technology into vehicles sold in the United States,

For example, Toyota’s luxury brand Lexus announces its first advanced driver assistance system. Known as a teammate This year with a specific 2022 LS500h all-wheel drive sedan. Some of the automated features of the technology are restricted to highways with restricted access.

“Tesla doesn’t do that,” said Sam Abuelsamid, Principal Analyst at Guidehouse Insights. “You can launch the autopilot anywhere.”

General Motors’ Supercruise, Ford’s Blue Cruise, and Nissan’s 2nd Generation ProPilot Assist (all sold as “hands-free” systems) utilize a camera-based driver surveillance system to actively monitor the road. Make sure you are doing it. The system is also restricted to where they can be activated, Abuelsamide said.

“It will essentially reduce the chances of getting into a scenario where the driver isn’t paying attention, but the Tesla system and some of these other systems don’t use such driver monitoring,” he explained. “They just use a torque sensor on the steering wheel,” it’s not very reliable.

In response to Tesla’s investigation, the Alliance for Automotive Innovation pointed out a “strong public statement.” Released by a major US automobile manufacturer in April The importance of effective driver monitoring for Level 2 autonomous driving systems when both lane centering and adaptive cruise control are taking place at the same time.

“Consumers learn and understand the benefits and limitations of these features and build confidence in these proven safety technologies,” said John Bozera, CEO of the Alliance, in a statement. It is important to improve. ” “High-profile crashes undermine consumer acceptance and confidence in vehicles equipped with this technology, and impact consumer acceptance and confidence in higher levels of automation.”

Group — said it would support the offer Driver monitoring As a standard feature of vehicles with Level 2 systems, it represents major US automakers such as GM, Ford and Toyota, as well as some suppliers and technology companies working on autonomous driving technology.

Tesla is not a member of the alliance.Automaker did not respond to multiple requests from Automotive News For comments. CEO Elon Musk also didn’t comment on the survey last week at automaker AI Day at its headquarters in Palo Alto, California. computer. At the event, Tesla also unveiled a chip designed in-house for the high-speed computer Dojo to help develop autonomous driving systems. Musk said the dojo will be operational next year.

Former deputy administrator of NHTSA and now Consumer report, He said the authorities’ investigation is an important step for driver surveillance-a voluntary precaution he wants NHTSA to require by law.

“People aren’t very good at seeing paint dry,” he said. “If they think it’s their only job, they’re likely to check out and it’s Tesla’s responsibility to make sure they don’t.”

Tesla Autopilot Crash Probe Can Lead to Extensive Driving Assistance Scrutiny

[gutterhead] 23/8/2021 13:01

topped up
hope its last chance to buy under 11p

my buy showed as a sale....you're right stuart

[stuart4u] 23/8/2021 12:51

PIs just got panicky and got mugged.Wont be able to buy back at cost.

[mirabeau] 23/8/2021 12:44

At present it's a sick as a dog but I'd like a takeover at some point

[kendonagasaki] 23/8/2021 08:48

Hi just bought in here.What's the long term projection here for you all?

[mirabeau] 21/8/2021 08:58

I do love this from Cenkos in Jan 2021:

'With such a strong partner (Qualcomm) for the embedding of Seeing Machines DMS software in centralised computing and infotainment platforms, and with Xilinx and OmniVision for standalone chip-based DMS (FPGA and ASIC respectively), some of the largest players in automotive compute platforms have now effectively committed to Seeing Machines as their preferred or exclusive DMS software supplier. We believe these commitments help underpin, and significantly de-risk, our expectations that Seeing Machines will win at least a 30% global market share in the supply of DMS software. With the company having recently strengthened its balance sheet, and with the recent revaluation of the stock substantially reducing the perceived cost of capital, we decrease our cost of capital in our DCF valuation
to 12% (from 15%), equivalent to a risk weighted Beta of 1.75 and increase of target price to 12.9p (from 8.6p). Our forecasts continue to leave substantial upside not just through lower discount rates and in increasing automotive OEM market share, but also in Aftermarket, Aviation and further technology license deals.'

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There's so much growth to come here that it's now a matter of sitting back and eagerly awainting developments. SEE for the first time in its commercial life is on the cusp of something special