The next steps in our relationship with POET will revolve around knowledge of customers; knowing who they are, and the extent of their potential commitment to POET’s product pipeline, will I feel start the SP rolling. Management know this and whilst NDAs might restrict PR statements they do what they can to build the picture.  Their most telling actions follow:

1.  Quoting from the new presentation: ‘We believe that a focused execution on our current customers’ orders and priorities will unlock a very large business opportunity for POET thereafter, especially given the size, scale and stature of the customers we're working with’.  

We can be reasonably assured that Accelink is a customer and to quote from Oz’s recent post:

 Accelink Investment is in“High-speed Optical Transceiver Module Capacity Expansion Project for Data Communication”. We find that their planned investment  in this is equivalent by my calculations to a sum of US $88.6million. This is serious spending from which PTI can expect a proportion in revenue.

1. The new presentation also offers a clear hint in the top tight section of page 12 at two possible end users of POETs product i.e. ‘Microsoft and Arista’.

Whilst we have an inkling of knowledge of MS potential, below is Wiki’s CV that expands our awareness of Arista:

Arista Networks is a computer networking company headquartered in Santa Clara, California, USA. The company designs and sells multilayer network switches to deliver software-defined networking solutions for large datacenter, cloud computing, high-performance computing and high-frequency trading environments.

Stock price: ANET (NYSE) US$229.73 -14.14 (-5.80%)

Subsidiaries: Metamako General Pty Ltd, Mojo Networks, Inc., Arista Networks Uk Ltd, Arista Networks Limited, Arista Technology Limited

This is the tip of the iceberg I suspect and my thoughts go back in remembering a Times article last year on the benefits for investors of detecting a hot startup in Integrated photonics, I wonder how long it will take before realisation dawns on pundits of tech stocks what a lucrative offer that PTK is at its current SP represents.

 Whether we are to get a Christmas present from PTI is unlikely but as FJ says, the facts surroundings PTK potential can start leaking out and SVs comment.  There are dangers in doing so but it would not hurt if the board sent the links of the latest presentation to their favourite pundits. Remembering perhaps, that we owe an apology to the reporter (Joel) who dismissed PTK and this boards efforts to engage him, by telling us there were significantly more steps in terms of development technically,  commercially and genuine customer interest to take before we, on this board, could crow its benefits. I who aggressively challenged the poor chap apologise for my harsh words.  He was right we were wrong, although interestingly, I now think at long last we  can  begin to crow, as clearly the points Joel made are accomplished as this is where management, in their current state of confidence, believe we are at.

Sula