$Marvell Tech(MRVL.US) cancelled $POET Tech(POET.US) purchase orders after the CFO went out and violated NDA when getting angry.
Ouch to Poet, down -46%, this is why I don’t like companies with single customer concentration risk.On the bright side for $POET Tech(POET.US) holders they do have $420m cash buffering downside risk and a few other customers (though Marvell was basically the entire Poet bull case story)It does look like Marvell delayed their own timelines as well by doing this.That being said, the packaging side is easier to design out for Marvell and they still need to source lasers.Source: Serenity
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