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Ivan Jimenez
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I'm an aircraft mechanic by trade.
  • Big Holes On The UNXL Earnings Call 8 comments
    Aug 10, 2013 7:44 AM | about stocks: UNXL

    There were big holes in the conference call.
    The word yield was not even mentioned and no one even asked.
    The people asking the questions were the usual UNXL pumpers Willians Financial and Craig Hallum.

    The hardest question was ask by Ladenburg:

    Ladenburg Q. "if you had to deliver touch sensors like next week, could you meet their quality demands in your opinion?"
    Reed A. "We are not finished with the inline test relative to electrical test."

    Prior they have talked about concerns that the inline testing could damage the delicate sensor it seems that they have not solved this issue. This is a problem with UniBoss whereas XSense uses multilayer coating with a Adherent Layer that works like a primer to ensure that the ink sticks in and will not fall off. Also UniPixel has mentioned problems with having the resin stick to the film that they said they partially solved by changing films.

    Ladenburg Q. "Does the product meet the requirements?"

    Reed A. "Electrically and from ability to put it together, transmission, all the things that you look for in a sensor. Yes."

    There is a big hole in this answer because he specified certain property and said Yes referring to those properties but: What about other properties? He said "yes" but it was a conditional "yes". We already know that the inline testing have not been set up so they have no way indentify if they have a good sensor.

    Prototypes

    About the test units they said:

    "These prototypes were evaluated by our PC partner and downstream conversion partners as a part of an ongoing prototype approval process."

    That means they are not qualified yet... "on going process" can mean anything like "we had to built new ones" and "our last batch didn't work".

    Also: "As previously reported, due to a push out of the production release date, the PC platform center design was changed and we are submitting new centers for evaluation and approval."

    For some reason UniPixel had to change the design. I don't buy that it was because of the PC side but I believe it was because UniBoss didn't meet specs. I wouldn't be surprised in UniPixel has moved to a bigger micron size. UniPixel is so proud of their 6 micron process that they didn't mentioned it once.

    Conclusion

    People hear what they want to hear. I have seen the UniPixel arguments and I have seen the holes. The red flags are there if people want to see them that's up to them. UniPixel is not ready for production and they might never be.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I have never shorted UNXL. I'm not that type of investor. I'm long ATML. I believe that Neonode is a bigger treat to Atmel than what UniPixel will ever be. I don't believe UniBoss will ever be a viable product. Maybe they have a future in printed electronics but that's all.

    Themes: ATML Stocks: UNXL
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Comments (8)
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  • Northpith
    , contributor
    Comments (22) | Send Message
     
    Yes, people hear what they want to hear. Doesn't that also apply to you?

     

    And instabloggers can write what they wish to write, leaving out important details such as the fact that Mr. Killion believes that UniBoss would currently qualify and only waits for documentation.

     

    Your continued obsession with ATML vs. UNXL ignores the simple fact that there is plenty of room for both in this market. Killion himself stated that in the recent call. Where was that in your recent "report"?

     

    You are quickly running out of lame arguments
    11 Aug 2013, 07:39 AM Reply Like
  • Ivan Jimenez
    , contributor
    Comments (400) | Send Message
     
    Author’s reply » And your point is?

     

    Killion has believed many erroneous things the last few years.
    What value does his word has?

     

    And qualify for what? ISO standards? He can get all the ISO standards he wants but if his product doesn't meet the clients specs it will be for nothing.
    11 Aug 2013, 09:16 AM Reply Like
  • Northpith
    , contributor
    Comments (22) | Send Message
     
    I guess Killion is only correct when he confirms your bias.
    11 Aug 2013, 12:20 PM Reply Like
  • LindonT
    , contributor
    Comments (207) | Send Message
     
    Yes Ivan, there are indeed some big holes, the ones you mentioned are rather obvious to anyone who has followed the story & the fact that not one of those present really followed up on any of them is strange to say the least. UNXl certainly got an easy ride... not one follow up on the 'design issue'. How come they are still in the process of submitting new design centres... after all this time! ATML/CAR have had to go through a hell of a steep learning curve during the qualification processes, the technical challenges & the time it took to achieve validation was seriously underestimated even by by management teams who are arguably far more experienced then UNXL. It seems to me they are still along way behind that curve. They probably will bring it to market eventually... but only because they have Kodak on board. But also very strange that they have even got these agreements with Kodak, Intel etc. when UNXL haven't been operating to international ISO management quality standards before now... & are still in the process of qualifying for that as well! Most companies of any repute wouldn't touch a none ISO qualified company with a barge pole, even Killion admits its vital. How come they not ISO qualified a long time ago? How come ANYONE has signed ANY contracts with a none ISO certified company? It's virtually a pre-requisite nowadays... If your not ISO certified you don't get business. Something very smelly here! I don't think ATM/CAR have got anything to worry about from this lot... no-matter what big numbers UNXL delight in bandying about & filling up their discussion with... or how many print lines they build or millions of feet of space they occupy!!! As of this moment its still all show & no substance... just like that earnings call.
    11 Aug 2013, 03:01 PM Reply Like
  • LindonT
    , contributor
    Comments (207) | Send Message
     
    'centres' does of course mean sensors... prototype test sensors. Dunno how they can give believable shipment dates & 'on the shelves' timescales when they admit they haven't sorted the quality control issues for the prototypes they have yet, let alone validate for mass production.
    11 Aug 2013, 05:05 PM Reply Like
  • LindonT
    , contributor
    Comments (207) | Send Message
     
    Now that we know the shipping date has subtly moved from August to a new October 'drop dead date' & when they miss that too & Uniboss finally drops dead, I wonder if all those wonderful new production lines they are building would be suitable for Atmel to use & conversion to XSense? Interesting comments made at the two recent Atmel presentations in the last few days... it would seem that XSense has been devloped during the validation process into a far superior product with an opticle quality unrecognisable even from what they had in 2012. Be nice to know what the new specs are!
    17 Aug 2013, 07:11 PM Reply Like
  • Chris Hofmann
    , contributor
    Comments (755) | Send Message
     
    LindonT,

     

    There never was a proposed shipping date of August, please stop spreading lies. Originally, UNXL said they would have product on shelves by September, however due to the Win 8.1 delay this was pushed back to Q4 holiday season. In order to be on shelves by November / December, they have to ship by October 1st, hence the drop dead date.

     

    Therefore, there was no further delay. Everybody that I have spoken to that has seen UniBoss in a tablet / notebook device have all rated it as better or equal to an iPad screen in every way. There are no optical issues with either UniBoss or XSense
    17 Aug 2013, 08:13 PM Reply Like
  • LindonT
    , contributor
    Comments (207) | Send Message
     
    Chris; "there never was a proposed shipping date" is the lie! As you admit they said "product on shelves by September". The supposed delay over the new update for windows has nothing to do with the fact that they have been unable come up with a quality control method that tests the sensor without damaging it. They admitted that they hadn't done it back then & they still haven't done it yet. Not even for the prototype. It makes no difference what the O.S. is... That's an initial design issue for a new product... not a standard quality control issue for a copper mesh grid regardless of what the actual design an OEM might want. What are they going to do every time there is a minor design change!!!? Ivan said he suspects that they might have to increase the size.. he could well be right. The optical quality of any display tablet/ notebook that someone may have seen is irrelevant. They are just a carefully chosen sample of what MIGHT be able to be achieved. Fully validated mass production is an entirely different matter.
    18 Aug 2013, 07:35 PM Reply Like
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