ParTec

Deutsche Börse plans to remove Partec shares from regulated trading after the audited annual financial statements were not submitted; from December 4 only off-exchange trading will be possible. Investors are alarmed: market value fell over the year from €1.4 billion to around €140 million, Partec’s liquid funds amounted to only €288,000 at the end of June 2024, and there have been repeated delayed salary payments as well as halted major projects. Management points to missing information from a project partner and claims negotiations with an institutional investor on multi‑billion financing are close to completion; the company does not provide a concrete timetable for closing or for a shareholders’ meeting. » Więcej na wiwo.de

ParTec, specialist in AI supercomputers, has confirmed the completion of a prestigious large-scale project that saw the inauguration of the first exascale supercomputer in Europe. The news supports a positive news flow and the stock is showing signs of recovery. Last quoted price 30.00 EUR (+11.11%), possibly forming a first bottom. » Więcej na finanzen.net

The German supercomputer manufacturer Partec has sued Nvidia at the Munich Federal Patent Court over alleged patent infringements on DGX systems and has sought sales bans in several European countries. Partec also alleges that Nvidia’s conduct may have competition and antitrust implications. Partec claims Nvidia used its dMSA load‑balancing technology and Parastation software and is now refusing to cooperate and to supply GPUs for projects with Partec; Partec is also seeking disclosure of past distribution activities and damages. » Więcej na heise.de