SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : GateField (GATE)
GATE 36.05-1.3%Apr 1 12:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jm who wrote (3703)6/7/1999 11:09:00 PM
From: easytarget  Read Replies (1) of 4005
 
Meeting summary

All proposals passed except 5 (increase in shares). Everything else was pretty much "no comment".

Saxe is President, but Kucha appears to be running the show and making the business decisions.

In discussions on reverse split Kucha replied:
1.) Get away from negative image of penny stock.
2.) 1/32 change in price causes 3+% change in valuation. These swings are viewed negatively by lenders.
3.) Large price swings may demotivate employees.
4.) First step toward relisting.

Business Segments:
1.) FPGAs - Actel
2.) Embedded - Gatefield
a.) Add Intellectual Property such as processor to FPGA
b.) Add programmable logic to ASIC

Packaging and test will be done in Taiwan by Silicon Precision Industries Limited (SPIL)

ASIC design flow not important to most FPGA customers but is critical to customers of embedded product.

Now only 37 employees of which 21 are engineers (same 21 engineers for the last year, so they seem to have some faith in the company).

Feedback from beta testing is positive. Meets customers expectations for both software and silicon.

ProAsic product announcements now Actel's domain (John East attended)

Kucha is at Fremont roughly 1 day a week.

Idanta redeemed preferred shares because they now feel they overpaid.

Short term (immediate) goal: start shipping product and get revenue.

Lots of investor frustration, but Gatefield is not going to say anything that could lead to investor law suits. You could catch Tim Saxe breaking into a grin as he listened to each question and realized he could only give the same answer, "We will make no forecasts or predictions". He seems somewhat frustrated but his hands are tied due to the large numbers of investor lawsuits occurring.

EZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News