Kalray : The merger falls through – little upside in the short term. We downgrade to Neutral (vs Outperform)
>In the end Kalray will not go through with the merger with Pliops - Kalray announced yesterday evening that it was ending the talks with Pliops on a merger between the two companies. From the press release, we understand that the main reason for shelving the merger is the fall in the share price since the announcement of dilutive financing at the H1 2024 sales presentation. Pliops and Kalray are continuing discussions to study commercial ways to combine their technol...Kalray SA is a France-based semiconductor and software company that develops and sells manycore processors. Its products include the Multi-Purpose Processor Array (MPPA) processor architecture (a family of programmable silicon devices), a software development kit, development platform and reference board. The Company provides manycore processors for low to medium volume embedded and acceleration applications. The Company's technology is the combination of the MPPA processor architecture and a software parallel programming solution MPPA ACCESSORE. Its products target the embedded computing market, including the imaging, medical and industrial sectors, telecommunication infrastructures, data security and network appliances, and transport and industrial automation.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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