Memory Cycle Timing Is Everything

So if you're a hedge fund right now sitting on a huge position on a memory company, what you're really nervous about is when does this cycle end? And I need to know before Hynix reports on a company call, oh, by the way, the demand is falling off and supply outstrips demand, or somebody comes online with huge capacity that's no longer— we're no longer in a supply-constrained environment. So now what we're doing as a tracker is not to generate the investment idea, because that we did a year ago. Now we're tracking and monitoring your investments for you. By making sure we're following memory shipments globally, both from Korea, Taiwan, China. We're following DRAM, we're following flash, we're following HBM. All of those are invaluable trackers because the size of the position you're sitting on is huge. And the risk of not getting out of those positions or maybe, or selling too early, but those positions are worth a tremendous amount of money to a hedge fund. So staying on top of that data on a monthly basis for our customers, I think is a, is a huge value proposition.