The announcement is positive but also as expected. There is...

The announcement is positive but also as expected.

There is little info given with regards to the initial integration onto a 1MB chip, no surprise really given they constantly mentioned the need for planning and development into more attempts (at the least a second platform lot).

The additional wafers lot with HGST are the best yet, also no surprises here either, its the 5th time they are doing this. This is how technology advances and develops in the real world, so each and every attempt at producing and refining the conditions is expected to improve results.

It would be good if they introduce some timeline expectations in the next announcement, we have gone from 1MB chip on time and on budget in 2019 to no defined time line deep into 2020...Hopefully capital raise is at a premium, otherwise I see this just getting sold down aggressively.