"In regard to the second strategic goal, whilst we did turn our technology development to the design of device based ecosystems, over the past few months your Board came to the view that we were doing so at the expense of profitability. This led to serious soul searching and discussion, primarily by the Non Executive Directors. "
Good to see some sense prevail. I was quite concerned when I last posted in June about the device-ecosystem, or the 'Internet of Things' strategy that it would end up like the FPGA strategy of the late 90's/ early 2000s - Lots of cash burn, inflates the price of the product for all subscribers sending it further out of reach of smaller customers, and little to no traction on the new features.
One can only hope of a cheaper/cut down version to plug the lower end of the market and renewed focus on their primary core business, and that is good Electronic Design (Schematic Capture/Printed Circuit Board) software.
ALU Price at posting:
$1.06 Sentiment: None Disclosure: Not Held
