Post by
factRbest on Oct 25, 2019 10:17am
Good and bad
The hopes of entering the 5G space and all it was to offer is no more. Yes could have been very lucrative.
I have had some concern for some time about the spending on SM. The concern stemmed from the fact that 5G roll out does not seem to be going all that quickly.
If it proves to be more of a business rather than retail prodcut then PTG would have been hurt.
I think intel bought it because that is what they are seeing, a business to business opportunity.
Itneresting the purchase price is equal to 50% of PTGs market value.
Does day a lot about the value the market has been putting on the company.
Comment by
digitel on Oct 25, 2019 11:29am
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Comment by
factRbest on Oct 25, 2019 12:36pm
Point out the 27 mil was gross proceeds. What they end up with I have no idea. Hope most goes to covering debt as their share count is too low making the share price volitile. Also a 3 year term might not see very extensive market penetration with 5G is that time frame. The next Q numbers should catch the markets attention.
Comment by
Capharnaum on Oct 25, 2019 11:30am
I do not share that the hope of entering the 5G space is no more. Intel is not a technology integrator and will have PTG as the go-to integrator of the technology. Intel does want to include 5G in its platform and to have such a big company as a partner is a great thing imo. I see it as a positive, get some cash now, get contracts for the technology through the PPA agreement.