already allocated.
Serenity 白毛女-中文翻译（公开）
Serenity 白毛女-中文翻译（公开）
already allocated.
Abuse the current bottleneck as much as possible because there's almost no qualified choices left.
And I'm certain all the partners are trying to vertically integrate upward toward the laser level too and compete.
If there was a new OE/pluggable accusation attempted during the Q2 time frame, things would have been a lot different.
_
TLDR:
$SIVE should aim to be the next $LITE and blitzscale like a Silicon Valley company.
Use that $70m capital to move faster H2, and at the bare minimum finish readiness then. And expect NASDAQ listing to be finished H1 2027.
Not "evaluation" at that timeframe.
And use the capital + equity to expand downward into optical engines/ELS/optical transceivers using your equity valuation, and buy a Celestial/Ayar/Cloud Lite type startup.
As for the wording of the call, markets care about economic value of the foundry allocation + 6 pluggable players, not other business segments.
$SIVE has been extremely conservative to date, but
they need to speed up and communicate to forward looking US/Int shareholders.
Not geared toward local Swedish audiences who care about Q2/TTM revenue.
Otherwise they'll be treated like an Asian component supplier and eventually be valued like an EU one.
翻译：
如果我要挑 $SIVE 这次财报电话会的毛病：
1. 管理层对最重要的两个披露不够重视。
-> 6 个可插拔业务合作
-> 铸造产能（在行业产能瓶颈期）
这才是电话会最关键的部分，本应是重点，用来体现他们的经济规模。但我们只听到了 2-3 句。
而且本不该还得靠 X 上一个二次元头像来解释这些内容的含义。
2. CFO 需要重新培训，或者换一个新的。
作为股东，听到那些律师式的回答真的很烦。连我都被这句话气到了：
“我们会评估时机，并决定在那个时候条件是否合适再推进。”
到现在就应该默认他们会申请双重上市，以摆脱充满敌意的瑞典市场。
股东出资不是为了听这种律师腔的回答。
再说一次，这可能是 CFO 能给出的最差回答之一了，必须给出明确承诺，并且时间表要更快。
3. 7000 万美元本该用于并购和双重上市。
-> 说实话，这个阶段把资本投去做混合制造，纯粹是在浪费资本；我听到他们在这个时间点提这个，真的很失望。
这件事最终是需要做的，但前提是有 2 家代工供应商。
-> 你现在有大量新增资本，还有很高的市值。
应该用它去做类似 $AVGO 的收购，把 Cloud Light 这种面向可插拔业务的 IP，或者光引擎相关资产拿下来。
Lumilens 2 年内从 0 做到 55 亿美元，现在还拿到了超大规模云厂商合作。
Sivers 应该尽快跳出激光这个瓶颈，不要只做零部件供应商。
Abuse the current bottleneck as much as possible because there's almost no qualified choices left.
And I'm certain all the partners are trying to vertically integrate upward toward the laser level too and compete.
If there was a new OE/pluggable accusation attempted during the Q2 time frame, things would have been a lot different.
_
TLDR:
$SIVE should aim to be the next $LITE and blitzscale like a Silicon Valley company.
Use that $70m capital to move faster H2, and at the bare minimum finish readiness then. And expect NASDAQ listing to be finished H1 2027.
Not "evaluation" at that timeframe.
And use the capital + equity to expand downward into optical engines/ELS/optical transceivers using your equity valuation, and buy a Celestial/Ayar/Cloud Lite type startup.
As for the wording of the call, markets care about economic value of the foundry allocation + 6 pluggable players, not other business segments.
$SIVE has been extremely conservative to date, but
they need to speed up and communicate to forward looking US/Int shareholders.
Not geared toward local Swedish audiences who care about Q2/TTM revenue.
Otherwise they'll be treated like an Asian component supplier and eventually be valued like an EU one.
翻译：
如果我要挑 $SIVE 这次财报电话会的毛病：
1. 管理层对最重要的两个披露不够重视。
-> 6 个可插拔业务合作
-> 铸造产能（在行业产能瓶颈期）
这才是电话会最关键的部分，本应是重点，用来体现他们的经济规模。但我们只听到了 2-3 句。
而且本不该还得靠 X 上一个二次元头像来解释这些内容的含义。
2. CFO 需要重新培训，或者换一个新的。
作为股东，听到那些律师式的回答真的很烦。连我都被这句话气到了：
“我们会评估时机，并决定在那个时候条件是否合适再推进。”
到现在就应该默认他们会申请双重上市，以摆脱充满敌意的瑞典市场。
股东出资不是为了听这种律师腔的回答。
再说一次，这可能是 CFO 能给出的最差回答之一了，必须给出明确承诺，并且时间表要更快。
3. 7000 万美元本该用于并购和双重上市。
-> 说实话，这个阶段把资本投去做混合制造，纯粹是在浪费资本；我听到他们在这个时间点提这个，真的很失望。
这件事最终是需要做的，但前提是有 2 家代工供应商。
-> 你现在有大量新增资本，还有很高的市值。
应该用它去做类似 $AVGO 的收购，把 Cloud Light 这种面向可插拔业务的 IP，或者光引擎相关资产拿下来。
Lumilens 2 年内从 0 做到 55 亿美元，现在还拿到了超大规模云厂商合作。
Sivers 应该尽快跳出激光这个瓶颈，不要只做零部件供应商。
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