Correct. And it's unreal huge.
Let's hope so!
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Herd this all before from the Robinson's.
Last time it was IoT, going to take over the world and Rakon will supply the chips
Before this is was GPS chips, and once again, Rakon was going to supply the chips
But it just never happens. Great spin, no substance, ever
IMO the only winners have been Robinson's. They always seem to get well remunerated through salaries, directorships, lease-backs
Invest only if you can afford to loose almost everything, because you probably will
Leopards don't change their spots
Yep. How many indian moon rovers and sun probes does the market actually need?.
Great ocillators etc for sure, but if they'd switched to making plastic balloon toys like the Zuru mob, holders would've been rich by now.
Isn't that the purpose of investing?.
100% agree , wasn’t another one talking about one of their chips for GPS will be needed in smart phones ….
How many billion smartphones have been made since …. You can bet your bottom dollar whatever the latest “Fad” is
they will have a product for it .AI , lol don’t hold your breath.
CFO gone. New CFO instantly in. Looks the goods.
Rakon Limited (NZX: RAK) (Rakon) is pleased to announce that Drew Davies will
join the company as its Chief Financial Officer (CFO), effective 24 October
2023.
Mr Davies has previously held CFO roles, board directorships, and executive
leadership roles during his 30-year career in the United States of America
and New Zealand.
Sinan Altug, Rakon's Chief Executive Officer, commented: "We are excited to
welcome Drew Davies to the Rakon team as our new Chief Financial Officer.
Drew's extensive experience and proven track record align perfectly with
Rakon's strategic direction. His financial acumen and strategic leadership
will be invaluable as we continue to drive our growth strategy and create
sustainable value for our stakeholders."
Most recently, Mr Davies served as the CFO of 2degrees, a mobile and fixed
full-service Telecommunications company in New Zealand until the company's
sale to two Australian Superfunds in 2022. He led a number of
transformational projects including the IPO process for listing on the
Australia and New Zealand Stock Exchanges.
In the United States, he served as the CFO and Executive Vice President of
Corporate Development for Trilogy International Partners, a multinational
Mobile Telecommunications company doing business in the United States with
operations in New Zealand, the Caribbean and South America. During his
nine-year tenure with Trilogy, he conducted numerous High Yield Debt and
Equity transactions globally, and also served as a Director and Board member
for a number of Trilogy companies.
Prior to his appointment at Trilogy, Mr Davies held a number of senior
financial and operational roles with T-Mobile US Incorporated, along with
other mobile telecommunications companies in the United States.
As share price slides to multi year lows Rakon announces chips supporting AI
Jeez a 1.3 trillion market …go Rakon
NZ needs innovators like you
http://nzx-prod-s7fsd7f98s.s3-websit...756/406118.pdf
Putting AI in an announcement should surely get punters excited??