My thoughts on the CCWell, another CC come and gone.
Again not what I expected in the short to medium term.
Much more in the plate than ever, but there`s something missing.
As much as I try not to ,I still firmly believe that we need a change at the top.
IMHO
He explained as to why the revenue was not as expected from LG,meaning it took them or us 3 months from the Original launch in Dec 2014 to achieve the 100% rate of completion.
Now we have to wait till Summer end (September) to see the real LG numbers,at the end of the CC he said “have a good Summer”, will we have any updates before?.
I`m ok with that, shiit happens and hopefully with good aggressive marketing they can pull it off.
The fact that we are way behind on the 50K users concerns me a bit, because I considered that figure “realistically low”, the fact that they will try to do it as quickly as possible means playing catch up.
When he talks about huge increases he bases them on percentages,meaning 40% increase sounds great but on smaller base numbers ,they are just ok.
Again we are just playing with North America.
“Expansion”.
To Smart Tvscontinues growing on the platforms customers want, 3DGo will be available on 80% of 3D Tvs or compatible ones in N America as compared to 20% at the start.
“Content”
Signing new Studios and adding new releases from existing ones.
“Marketing”.
Awareness, most directly done on TVs themselves.
3DGo is coming out of the closet, this week in Canada ,and watch next coming months and quarters.
“Expansion”.
Canada first step, internationally fully functional ready to deploy next months .
First quarter of 2016 will be excellent.
Samsung Launch will not happen till the second half of 2015 and only in N America, again it covers lots and will coincide with the beginning of the International Launch, assuming 2 or 3 months here and there,can they pull that off?.
There was some explanation on the “new format”, not enough to my liking, big improvement on the bitrate but not much about the rest (compatibility) with other devices and how does it really works..
Apparently the Library Conversion has started.
Don`t expect much from Wilan till 2016.
All in all promising things where timing and execution will play a huge role “again”.
It`s like looking at a beautiful store window and wonder if you`ll ever be able to get those nice things.
Eric mentioned that since Feb-2015 6.400.00 warrants were exercised for $1.150.000 and that there remains another 7.500.000 to be exercised at $ 1.350.000.
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ON THE QUESTIONS SIDE:
Only good old Ralph Garcea from now Cantor Fitz showed up and here it shows the lack of imagination on inviting some friendly analyst to ask some friendly questions.
Ralph was not the usual Ralph,more to the point and no congratulations on anything.
Routhwiller was playing it very safe.
He asked about rentals:
Were the March 2015 rentals continuing on April 2015 and what was the driving force?.
Routhier answered that promotion had an impact , they are following the customers with intensive campaigns and offers and it`s been a dramatic change from one year ago.
He asked about Samsung.
All lessons learned will be applied to Samsung and will hit the ground running.
Do they have the own store?.,multiple platforms?.
They do have their own store and multiple platforms but Samsung will be easier, SIO will stick with our plan. Samsung is very collaborative it happened very quickly, lots on the table and they have a 3D store.
He asked about Wilan and the consequences on the lump sum payments.
Wilan will start showing excellent results in calendar 2016.
Ralph asked which half.
Crystal ball questions said Nick, somewhere in 2016, don`t quote me on that, don`t plan it for this year.
Wilan working on Europe and China,it takes 12 to 18 months to close a deal from the start but it should be shorter because some deals have been started already.
For example the Temporaral Interpolation in mostly all TVs including Samsung and so far none have been signed, big expectations.
That`s it, have a great summer.
PD:
I wonder if Ralph will put a report out?.
So far the market does not responded.
All IMHO.
Cheers.