· 个股论点
涉及标的： $SIVERS
相关概念： CPO 共封装光学光子学 Photonics
@wannabepanacea 管理层的感觉与我日益脱节。Sivers 本可利用当前的瓶颈围绕光子学进行彻底重组。利用美国资本加速时间表，并借助纳斯达克(NASDAQ)推动 1.6T/共封装光学(CPO) 的进一步增长。但感觉不到紧迫感，尤其是在上市时间表上。我也真心不理解为何持续强调卫星通信(SATCOM)/无线业务，这部分本应剥离。或者那些相对于光子学总可寻址市场(TAM)而言微不足道的短期合同价值。完全没有提及 Ayar、格芯(GlobalFoundries) 以及美国投资者关心的任何其他大项目。
@wannabepanacea Management feels increasingly misaligned with my expections Sivers could use the current bottleneck to radically restructure around photonics. Use US capital to speed up timelines, and leverage NASDAQ for further growth with 1.6T/CPO. But got no sense of urgency, especially on listing timelines. I also genuinely don't understand continuous emphasis on SATCOM/Wireless which would be better off divested. Or the near term contract values that are invisible relative to photonics TAM. Not a single mention of Ayar, globalfoundries, and any other big program that US investors care about.