Re: SPX Joint Venture revenue share

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oldgreg

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Re: SPX Joint Venture revenue share

in response to

Re: SPX Joint Venture revenue share

GermanForum

posted on Dec 01, 2023 05:11PM

This is what TM said to me some months ago (direct quote)

"The 100/200 and even 400G OE’s sold in China are SPX revenue, which we own 85% of, but cannot consolidate in our financials because its a JV. However, they provide THE MARKET AND TECHNICAL ACCEPTANCE"

The 85% is now outdated. I suspect unless they sold a portion of spx, they wouldn't be able to use the money for poet purposes.

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