Ann: Integration Stage Update, page-3

First 3 Last

Share
Profile

Follow
ckchristian

2,466 Posts.

400

28/12/16

09:28

Post #: 21571271
Share

Originally posted by BobF ↑

Dang!
Bad news, but in my estimation this is not as bad as it could be. This announcement signals a delay, not a disaster.

This for me is the crucial comment:

"The company has identified the root cause for the voltage gap and has implemented a relatively simple design modification that will bring the device back into specification without disrupting the fabrication process flow. In accordance with industry convention the company withheld batches of wafers at various stages of Phase 4 fabrication, specifically to deal with such unpredictable variances. The company has instructed its fab to urgently advance the backup wafer lots with the inclusion of the design change."

The decision to hold back wafers until every detail proved fully functional was commendably prudent, and clearly quite prescient. AP claims that there is a way to fix the unanticipated problem, and AP has ensured this can still be implemented. This is probably not the way that less savvy companies with plenty of cash would have done things, but as AP has said in the past, being prudent and poor has worked in our favour here.

The follow on comment is also clear:

"The company plans to further update the market when the fabs return from holiday break with detailed timelines."

This indicates that we are not going to be left in the dark for an indeterminate period. In the face of precious little information from the company in the past this is a most welcome statement. This suggests that we are likely to get some update within the next 2-3 weeks, and this should give us a better idea of when the "fixed" version will be produced.

We need to remember that the MEMS device itself - the business end of the development - has been made to work already. The testing that has been done already had to have been done using some kind of a test bed that emulated the ASIC using its own interconnections. In this setup the MEMS obviously worked well enough, or it would not have been used to develop the current ASIC.

So this says to me that this is simply a disappointing delay; a frustration that is more painful because we are all strung out waiting for the denouement of the finished chip.

Management will no doubt be even more frustrated than most other investors - largely because they have far more cash at stake than most of us have. But they also are likely to have given plenty of reassurances to prospective customers under NDA's that will now be causing them some embarrassment.

Expand

Great post and completely agree. Thanks Bob.

I think this will give the players a hell lot more of an opportunity to snap up more cheap shares.

What's a few more weeks wait?

AKP Price at posting: $19.34 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched and most discussed stocks this week

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMU

Imugene kicks off Australian trial for blood cancer treatment

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

There are more pages in this discussion • 154 more messages in this thread...

First 3 Last

Add AKP (ASX) to my watchlist

(20min delay)
Last $6.20		Change 0.000(0.00%)		Mkt cap ! $181.1M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Integration Stage Update, page-3

HotCopper Highlights: Your most watched and most discussed stocks this week

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Imugene kicks off Australian trial for blood cancer treatment

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Featured News

Featured News

Ann: Integration Stage Update, page-3

Top Stories

HotCopper Highlights: Your most watched and most discussed stocks this week

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Imugene kicks off Australian trial for blood cancer treatment

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Featured News

Featured News