RE:We had initial shipments of Cat M1 chips in Q3, although we thought Cat M1 would not begin ramping before Q4 at the earliest. Regarding the broadband portion of the business, we expect no fundamental change in the dynamics of this portion of the business, despite Q3 softness and our near-term caution.
How can you say you don't expect a fundamental change in dynamics when you were $5 million in revenue short? That is a fundamental change right there.
I've said Georges was shady before, but damn. I ridiculed all the class action firms too soon.
However it's clear they have been drinking the 5G hype and Kool-Aid. The latest problem I saw was that 5G was having serious problems penetrating reflective glass. Good luck with that for smart buildings!
FUHBO, I felt the ughs as well. Did not sell, still holding. May add more later. I have been around this company for to long to give up now. George is spot on with the telcos! They need their data networks to figure out how to bill this iot connection/ use.
Good luck on your investments. Thank you! You give excellent data here for folk to ponder.