Our CTO extraordinaire Tim Saxe recently published a guest blog over at EDN entitled New Sensor Hub Capabilities Create More User Context Questions
You can find the blog by clicking here, and happy to address questions posted there or here!
Thanks to our friends at EDN as well!
Hi Paul,
A months ago, on Jun 25, 2014, Brian Faith commented,
“Is there a ‘first mover’ advantage? We certainly think so. We believe we are the first company that has a solution in the market that enables the requirements for power consumption and flexibility that are needed to enable the emerging always-on/context aware sensor fusion market.”
In that context, is the new iPhone 6 capable of an “always-on” state with reasonable battery life?
Or, it helps to phrase the question more generally, do you feel the comment by Brian is still accurate today?
Thanks, this blog is great,
Sky
Hello Sky,
In general, the new iPhone is capable of certain things that would fall under the definition of ‘always-on’, like a pedometer. However, there are certain things it does not do that could/should be considered a function of always-on, like detection of transport cases (on bike, in elevator, in car) or device location (in pocket, in hand, etc…). Our S2 enables those types of functions, as well as things like gestures (lift-to-wake, for example).
Thanks
Paul
I am well aware that QUIK’s attention has been and likely continues with “android” as their targeted market. However the obvious question based on the exchange above….if QUIK is a first mover and better mouse trap would APPL have any motivation to consider QUIK’s line-up of sensor products and would/should QUIK be pursuing them. In another exchange forum I did see where speculation about Bosch being a second source supplier for a sensor product could involve a QUIK chip in the Bosch product. Of course all speculation but does speak to my question about QUIK’s intentions and Apples awareness that there is a better sensor product available. – See more at: http://quicklogic.wpengine.com/arcticlink-3-s2/tim-saxe-on-edn/#sthash.EPsqpoiQ.dpuf
Hello Jeff,
I can’t speak to any specific motivations that Apple may have. I can say that they’ve obviously invested significant time and resources into their M-series of motion processors, and that investment could certainly impact their interest in alternative approaches to sensor hub technologies.
Regards
Paul
Supposedly, Quik is the Pioneer of the Sensor Hubs and Context aware and 800 times more Computations due to superior Algorithms. They mention Patented Technology? What is it?
I Vetted this Company quite well or so I thought. Last Conference Call I didn’t think it was as terrible as the Market perceived it was. I have a large Position in this Company and hoped Andy Pease had the right Roadmap for the future. Since I purchased my Shares at $5.05 which was the 52 week highor close to it. Since then I have watched it drop close to it’s 52 week low.
I am optimistic only because I have to be, I thought this was going to be a Winner and now I am wondering what I missed in my research. Obviously, it was something pretty big. The so called “Patents I would believe could generate a significant Revenue Stream even if this new line they have produced does poorly they would still be in the Black with All those OEMs clamoring to put this Pin for pin Reprogramable Sensors in their Phones. Some Japanese company is buying them that’s it.
Please someone tell me what I missed? I know they said 4th quarter and into 2015 before it makes any noise. Why then are the people in charge loaded up on shares? Why does the stock price of QUIK keep going lower?
I obviously meant not loaded up on shares.
Paul,
System on a chip designs seem to be favored by OEMs, as for example the InvenSense products. Do you see QuickLogic’s Arcticlink 3 S2 being used in this fashion with Invensense, STmicro etc sensors?
If so, do OEMs have any advantages with the Quik combo over other sensor processor and sensor pairings currently available? I’m thinking in terms of space saving and power consumption etc.
Thanks.
Hello Joseph,
There are no physical limitations to the AL3 S2 that would prevent it from being included into a SoC-style solution.
A few advantages of such a pairing, from the sensor hub point of view, would be:
* Our ultra-low power consumption
* Our programmable nature (something the ASSPs typically used in SoC’s are incapable of)
* Our mix-and-match approach to algorithms, meaning we can supply algorithms, the OEM can, and/or they can be third-party sourced
Paul
Thanks Paul, I would have thought you
Would at least respond to a shareholder ?
I don’t understand why the price has now
Trading at less than 3 Dollars a share!
Why do you have a Blog if you can’t respond
Hello Bill,
Thanks for the questions.
The purpose of our blog is to provide additional clarity and information about QuickLogic technologies, products, initiatives, etc… to our customers, partners, and investors. The blog enables a much more detailed analysis of new QuickLogic technologies or events. It also allows interested parties to ask for additional details about topics related to those blogs. We do our best to answer all questions, but are often limited in our ability to respond to questions by things such as NDAs, SEC rules, etc…
Related to your question about the stock price: our financial quarter has just ended, and our next investor communication will be our earnings call on October 29th.
Thanks
Paul
Bill do yourself a favor and sell now. If you want to make money short quik’s stock. This will be trading under $1 by may or June of next year.
Agree. This stock is not worth more than a $1. They will soon run out of cash one more time. This blog doesn’t provide any value. It has been a long painful journey.
Bill:
Regarding your Post of Oct. 1, the reason QUIK’s share price dropped is because there were more sellers than buyers. That was a result of the significant downward revenue guidance for this quarter and the last qtr. The lower revenue guidance was due to the substantially lower sales of small form 7″ tablets at Samsung. It was hoped that revenue from Display & Bridge products would continue until sales of new Polar Pro (smart connectivity) and S2 (sensor hub) products began. That didn’t happen and thus the sharply lower revenue guidance. The only thing you “missed”, like everyone else did, was this.
However, revenue from the older Display & Bridge products has nothing to do with QUIK’s prospects going forward. The patent on their Flexible Fusion Engine is not what will drive revenue. It is the sensor hub that has that technology in it, along with the Polar Pro smart connectivity product that will drive revenue. I believe you are getting bad advice to sell now because the share price will be less than $1 a year from now. While that can not be ruled out, I believe that is an extreme point of view given the announced upcoming product shipments, and ongoing engagements for smartphones and wearables. The current share price is just a little over 5 times expected 2014 revenues, which is a fairly reasonable price for a company with no earnings. I believe forward revenues would have to drop sharply lower to result in a share price that low.
A mistake you made was buying at or near the all time high. That was not a proper buy point, particularly in a thinly traded stock. However, selling now may be compounding one error with another. Ask yourself this question: If you had bought at a lower price and sold near the all time high, or if you had no shares at all, what would you do now?
Most likely you would be buying shares. That is what I have been doing. I have been a shareholder (off & on) for 5 years. Although I did sell some of my substantial position in the $5 range, I did ride the price down on the remainder of my shares. My average share price is a little over $3. Buying more shares in the $2.50 – $2.75 range has allowed me to lower my average share price.
Of course I could be wrong. But due to the huge market, what seems to be solid products, and what I believe is excellent, accountable management, to me the risk/reward is worth it.