you have just said that friedcat's announcement is far less substantial then Ken's release.
For the product we are talking about - and we are talking about this
40nm chip not anything that FC has done before - this is indeed a far less substantial news release than one from Ken which mentions a chip that has been
taped out. That is a fact. FC's chip is all on paper as far as we know. He does not mention any post-production stage. You are assuming a lot.
His company's ability to make and deliver a product for a premium price is unmatched.
You cannot - especially in this industry - measure someone's potential by what they have achieved in the past. This is a completely new project - new projects present new problems. As kleeck said, AM has had it's own setbacks along the way and a lot of people lost a lot of money in their slow and steady decline on BTC-TC. This 40nm chip is in it's very early stages, you might think FC is a better bet than ACtM but OK it's still a gamble. I like the odds right now on ACtM. You don't, and that's fine.
Edit - if FC has all the funds he needs I just wonder why he is looking for partners and customers months before the chip is ready? Why wouldn't he just get the chip fabbed and start selling when he has them? I think he knows how problematic this process can be and he knows there is a big risk of delays and wants to share that risk so that any losses are not just his own. This business is hard.