Wednesday, June 12th 2024
Asetek Stock Tanks 40% as Company Suspends Profitability and Revenue Guidance for 2024
Liquid cooling solutions OEM Asetek saw its stock price drop by over 40% on Wednesday (12th June 2024), as investors responded to the company's announcement of suspending its profitability and revenue guidance for 2024. The release offered an explanation behind this decision. "Based on these new forecasts, the expected increase in demand in the second half of 2024 of the company's liquid cooling products may not materialize. This will result in a significant decline in Group revenue and profitability for 2024 compared to the revenue and profitability guidance issued on March 8, 2024."
The company also stated that it expects the negative trend in the company's revenue may continue into 2025. "The management team and board of directors of Asetek will consider the long- and short-term consequences of the weakened and uncertain market situation. The assessment today is that the negative trend in revenue may continue into 2025. Based on this, a plan containing initiatives to navigate the short and long-term challenges will be developed and then communicated as soon as possible," it said. Asetek is a pioneer in the all-in-one, closed-loop liquid CPU cooler that's popular in the gaming PC segment, but the company should also be in a position to lead the server CPU cooling market given the upward trend in processor cooling needs; but the company is underperforming. This is probably also due to intense competition in the space.
Source:
Asetek
The company also stated that it expects the negative trend in the company's revenue may continue into 2025. "The management team and board of directors of Asetek will consider the long- and short-term consequences of the weakened and uncertain market situation. The assessment today is that the negative trend in revenue may continue into 2025. Based on this, a plan containing initiatives to navigate the short and long-term challenges will be developed and then communicated as soon as possible," it said. Asetek is a pioneer in the all-in-one, closed-loop liquid CPU cooler that's popular in the gaming PC segment, but the company should also be in a position to lead the server CPU cooling market given the upward trend in processor cooling needs; but the company is underperforming. This is probably also due to intense competition in the space.
30 Comments on Asetek Stock Tanks 40% as Company Suspends Profitability and Revenue Guidance for 2024
Yes, they are suing the competition, but they actually produce products based on their own patents, something a patent troll does not.
Asetek sues ANYONE who produces a design with ANY similarity to their own regardless of whether or not the design is actually similar. That is, by definition, patent-trolling.
OH for them to copy a Corsair design and get sued over it. The dramatic irony would be *chefs kiss*. RIP swede. Well it also doesnt help when you SUE your customers over similar designs and ensure they will never buy your stuff again. that kind of action tends to snowball.
F*ck em, hope they rot in pieces. It's been invalid outside of the US since 2017, I believe. 7 years of competition out-designing Asetek's stagnant, 20-year old premise has caught up to them.
Yes, Karma is definitely a finnicky, gob-smackin, cahoney-crushin biotch :D
Take that, AsSetek !
en.wikipedia.org/wiki/Patent_troll
As the PC water cooling segment was maturing in the early '00s, it moved away from aquarium pumps to dedicated options like the Liang D5. I bought one in 2002 or 2003 I think. There were a bunch of mounting options for it, ranging from drive bay mounts, case floor mounts, radiator mounts, and I even saw a CPU block for Socket 939 Opterons that used the bolt holes for the original CPU retention frame to add a universal pump mounting plate above the block. It wasn't integrated, per se - like Asetek's patent but it definitely predated Asetek's AOI patent and Asetek's design was the only logical way to optimise that layout for mass-production.
Asetek's patent was basically taking parts that existed already, were connected already, and patenting the only logical next step.
Asetek took this
and patented this
The fact the patent was nullified in most markets outside the US (eventually) is some indication of how dumb the USPTO was in the first place.
"Patent trolls often do not manufacture products"
And bit further down
"Other related concepts include patent holding company (PHC), patent monetization entity (PME),[3] patent assertion entity (PAE), and non-practicing entity (NPE), which may or may not be considered a "patent troll" depending on the position they are taking and the perception of that position by the public."
It's not like it's him just being a Rockafella owning oil he's diversified. It's doesn't change a lot though we all pay the baked in Warren Buffet tax on many goods. Imagine how great his life would have turned out had his oppertunity in life he had been born into was mining blood diamonds? Kind of a different outlook than a small investment on the ground floor level of something that took the entire world by storm and he's continued to benefit and ride that stormwind. Now I'm not saying you can fix all of that, but there are a lot of things that can be fixed if we could work past the greed the corruption the entitlement and luxaries of being privy to a better situation.
Anyway **** it sure sucks to roll the dice on type 1 diabeties even today let in the late 80's or early 90's. Is it better is it worse to be born sooner or later than that time frame well...I don't know it's bad either way Bret Michaels or Halle Berry probably have some perspective on it though even though their wealthy because facts remain type-1 diabetes ****'s you daily sometimes in the *** other times in the arm, thigh, stomach or where else you want to hit that vain. The difference is today there are stomach implants, but the cost healthcare is ridiculous for a incurable disease where every day is life and death knocking at the door just hi I'm still a hell of a prick how about you!!? It's fine though BIG PHARMA needs it's moar monies their really good people though I swear I say **** a lot in fact.
The irony of this subject being about pump designs and you can pretty well guarantee the insulin pump is also patented. Like thanks someone's life being less miserable comes at a patented cost because people are greedy ******'s. Meanwhile Metallica needs more money for unknown reasons and we should care more about that problem.