Entropic Communications: Business Model Appear Broken With Significant Uncertainty As To The Future
Alpha Gen Capital • Wed, Aug. 13
- Shares sold off following the second quarter earnings release as the company guided down third quarter results further.
- Design wins have been scaled back with recent wins at Comcast and Time Warner being talked back in terms of potential.
- Second quarter results disappointed and further color surrounding restructuring plans appear to point to a more threatening situation as cash burn accelerates.