I have supported many companies that have brilliant technology that hasn’t been widely adopted, or hasn’t scaled. The market capitalisation typically peaked early in the journey when early adopters realised the potential and one or two significant companies showed interest, but rapidly dropped back when the market realised how long the road to commercialisation was ( and risks ). Hard lesson, but I have learned to keep my powder dry, wait for the hype cycle to pass, and take a position when I see industry spruiking the benefits.
I have now taken a position in WBT.
For me, the final 2 catalysts, the hire of Daniel Lipovitch, and the article in SemiWiki on emerging NVM technologies.
There are several compelling quotes that semiconductor professionals know about ReRAM, see it as a viable alternative to flash, and are looking to use in active design decisions over the next 6 to 12 months. I’m convinced that if ReRAM is adopted as a viable NVM as this article suggests, then WBT have the technology that will be widely adopted, and will scale.
My investment horizon is 3 years. My only concern is a left field technology making ReRAM redundant before it becomes commonplace, but I have satisfied myself ( as much as one can ) that there is little risk over the next 24 - 36 months.
All IMO DYOR, and all the best to all genuine investors.
WBT Price at posting:
$1.82 Sentiment: Buy Disclosure: Held
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