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RE: LeoThread 2024-11-01 06:32

in LeoFinance3 months ago

JOANNE: They made a lot of progress. It’s an important step forward. They had a lot of cost-cutting to do, and it seems like they got a lot done last quarter. We are seeing a big charge on the diluted EPS. However, they have a long way to go because they are taking a huge hit on their gross margin by outsourcing. That reflects a lack of execution in the past on the manufacturing side. It is not just coming to an end. We did not get good news about that this quarter. In fact, it is really not going to play through until 2026 when they ramp Panther Lake in real volume.