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Ebix auction cancellation, plus another Akoustis WiFi 7 win -3

09:15 12-Feb-24


The Ebix auction has been cancelled after no other valid bids were received.  EBIXQ hasn't really reacted yet, but I expect this will probably cut short the remaining hopes for equity value and the shareholder committee, which is no surprise to me.

Akoustis now expects to ramp another WiFi 7 router win near year end, this time from a tier-1 mobile carrier, which it says is catering to more than 32M residential customers.  That's probably Comcast, as previously tipped, but misleading as most customers would not receive new routers any time soon.  Regardless, AKTS is up a bit more, for the moment.