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4DS Memory (ASX:4DS) has left its Australian investors wanting more when it comes to the findings of a recently announced strategic review, launched after the company’s flagship microchip tech was ultimately found to be unmarketable in final-stage testing with U.S. partners earlier this year.
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That was a hard blow for the long-turbulent, but highly-favoured HotCopper forums darling, given 4DS didn’t really have anything else to go on. And what a decline of -4% on Wednesday after announcing its strategic review implies is it still doesn’t.
(In a relatively amusing move, 4DS earlier this year issued a strategic review in which it told investors it would be conducting a strategic review.)
But to the cynical – obviously, this HotCopper finance journalist is one of them – the company’s only real plan now remains a vague attempt to somehow pivot into the AI sector and harness upside there. To be fair, it’s got the U.S. partner relationships and the learnings, now, to advance their chiptech. But that depends on investor patience, perhaps, more than anything else.
“The company has also engaged in preliminary, confidential discussions with parties operating in fields aligned with 4DS’s technology profile. These discussions remain exploratory in nature, and no agreements, proposals, or commitments have been entered into,” 4DS wrote on Wednesday.
“4DS’s core memory technology is designed to address many of these requirements, including improved computational throughput and reduced data bottlenecks. The Strategic Review is therefore focused on identifying opportunities [in this space].”
4DS last traded at 1.2cps.
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