there seems to be many missteps on Apple side recently. Saying "only Apple can do it" too many times would make Apple people to be too arrogant and not pay attention to details and signs. Apple needs to regroup and post signs that read "only Apple can screw up this badly" and "with great power comes great responsibility". Confidence yes, hubris no!
Most of us here don't follow bankruptcy proceedings for entertainment, so we're not familiar with the process. This "oppressive and burdensome" language is probably par for the course. I read that and I think "mental cruelty" like in pre-no-fault divorce hearings. It's just posturing for the court. Take a deep breath and relax.
Wow, so the GTAT CEO keeps lying to his shareholders that the company is rock solid financially just two months before declaring bankruptcy, and now is trying to blame this fiasco on Apple because the contract they signed (which was hopefully reviewed by their now seemingly dumb lawyers), was originally fantastic, is now oppressive and burdensome?
Thank GOD I didn't invest in this slime bucket of a company, as if I did, I'd be calling MY lawyer and initiating a class-action on behalf of all the other shareholders this scum bag CEO has blatantly robbed!
I feel really bad for those hundreds of plant workers who now face the very real prospect of losing their livelihoods because of this. Hopefully Apple steps in and does something about this, seeing as they pretty much own the building and furnaces.
Dont be so ignorant. You know full well a complaint made to the SEC by a small investor is totally ignored.
Complaint? Who said anything about a complaint? We thought you had proof of corruption and corporate malfeasance. Got proof GTAT and its CEO are guilty of a crime (you called them "CROOKS", liars, and full of fraud)? Or were you planning to just whine to the SEC like you are doing on these forums?
I think I recall reading Apple did come up with the technology of putting a substrate of sapphire onto Gorilla Glass though didn't I? I could be wrong.
I think I recall reading Apple did come up with the technology of putting a substrate of sapphire onto Gorilla Glass though didn't I? I could be wrong.
Yeah pretty sure they did file for a patent on a method of laminating sapphire to a glass substrate. I don't believe they have actually been issued one tho. Could be wrong. There's other Apple patent applications involving sapphire.
Pretty much covers it all. Note that Hon-Hai was reported to have done a test assembly of a few dozen sapphire-screen Phones at Apple's request. The report went on to say it was successful. That was back in January. The link includes that story too.
Could you please give me half a billion dollar in cash for the mentioned contract? I promise I can't hold up onto the terms, and I'll play dirty and accuse you, because I'm an a**hole like that!
there seems to be many missteps on Apple side recently. Saying "only Apple can do it" too many times would make Apple people to be too arrogant and not pay attention to details and signs. Apple needs to regroup and post signs that read "only Apple can screw up this badly" and "with great power comes great responsibility". Confidence yes, hubris no!
What the hell are you even talking about. They were pushing the outside of envelloppe with a supplier here and everybody but the CEO got screwed. How is this Apple'S fault. Should they not try something new because there are risks?
And we wonder why American manufacturers are given a bad rap. I know we can't extrapolate this too far but this reeks of horrible mismanagement and slimy leadership. I hope Apple kicks these guys to the curb financially and legally and doubles down on rewarding trusted suppliers like Corning who have proven themselves worthy and parlayed their experiences with Apple into incredible new business opportunities for everyone involved.
What the hell are you even talking about. They were pushing the outside of envelloppe with a supplier here and everybody but the CEO got screwed. How is this Apple'S fault. Should they not try something new because there are risks?
I really would like to see a statistics showing the number of new technologies, or manufacturing processes by Apple and compare this to other companies, not only from the consumer electronics market. I have the feeling that they really are often on the forefront and once it is established others harvest the work they did. On a sidenote: This is why I totally don't like the iFixit pricing estimate. Because this AFAIK does not reflect the efforts and investments on the engineering side as well as setting up manufacturing down the supply chain.
If GTAT tried to counteroffer, or if they simply walked away without signing the deal, then they would surely be scorned by just about every Apple fan on the internet. Apple will always be viewed as the "good guy" so Apple's terms will always be fair and free of any ulterior motives.
"Who needs GTAT?"
<span style="line-height:1.4em;">"There are plenty of other suppliers willing to agree to Apple's terms without question", etc.</span>
So GTAT would look like the bad guy no matter what.
Why would GTAT care about what Internet posters think? In addition, we are talking about GTAT not fulfilling its contractual agreements. It over promised and under delivered. It is the "bad guy."
I can't wait to hear what the oppressiveness was. Fair wages, benefits, and conditions for their employees? Product that isn't flawed? Product delivered when it was agreed to be delivered?
What exactly is GT claiming Apple did to them? GT made a deal with Apple and now they want out because they can't live up to what they agreed to. No one forced them to do business with Apple, did they? They took Apple's money and agreed to perform according to the contract. Now it seems, they knew they wouldn't be able to when they signed the deal. Now follow that up with stock sales by Senior management/ownership and you have the makings of all kinds of SEC, legal and criminal issues. The people running GT appear to have withheld material information about the company's condition. They sold large amounts of stock upon making the deal with Apple. Withholding material information and concealing GT's true condition has left them open to all kinds of SEC violations as well as possible criminal charges. You can be assured there will be several investigations. Apple has nothing to do with any of them other than as a creditor/customer who GT claims they can't pay. It's a shame Bankruptcy law protects them from anything except criminal charges. But one nice thing is the Feds and SEC are not lenient, in this day and age, on individuals and companies pulling shenanigans with stocks. Of all the charges initiated since the 2007 financial debacles, only one person who chose to go to trial has been acquitted.
Comments
Thank GOD I didn't invest in this slime bucket of a company, as if I did, I'd be calling MY lawyer and initiating a class-action on behalf of all the other shareholders this scum bag CEO has blatantly robbed!
I feel really bad for those hundreds of plant workers who now face the very real prospect of losing their livelihoods because of this. Hopefully Apple steps in and does something about this, seeing as they pretty much own the building and furnaces.
I am used to a US 24 hour delay in most news reports. I read the BBC web site to see what will be on CNN tomorrow. Good going 9to5.
Complaint? Who said anything about a complaint? We thought you had proof of corruption and corporate malfeasance. Got proof GTAT and its CEO are guilty of a crime (you called them "CROOKS", liars, and full of fraud)? Or were you planning to just whine to the SEC like you are doing on these forums?
in related news apple is being sued by a taiwanese firm over sapphire patents. even though apple does not make sapphire.
http://channeleye.co.uk/apple-sued-by-sapphire-firm/
I think I recall reading Apple did come up with the technology of putting a substrate of sapphire onto Gorilla Glass though didn't I? I could be wrong.
Yeah pretty sure they did file for a patent on a method of laminating sapphire to a glass substrate. I don't believe they have actually been issued one tho. Could be wrong. There's other Apple patent applications involving sapphire.
EDIT: Here ya go.
http://www.patentlyapple.com/patently-apple/displays-sapphire/
Pretty much covers it all. Note that Hon-Hai was reported to have done a test assembly of a few dozen sapphire-screen Phones at Apple's request. The report went on to say it was successful. That was back in January. The link includes that story too.
Hello Apple!
Could you please give me half a billion dollar in cash for the mentioned contract? I promise I can't hold up onto the terms, and I'll play dirty and accuse you, because I'm an a**hole like that!
Best,
GTAT
there seems to be many missteps on Apple side recently. Saying "only Apple can do it" too many times would make Apple people to be too arrogant and not pay attention to details and signs. Apple needs to regroup and post signs that read "only Apple can screw up this badly" and "with great power comes great responsibility". Confidence yes, hubris no!
What the hell are you even talking about. They were pushing the outside of envelloppe with a supplier here and everybody but the CEO got screwed. How is this Apple'S fault. Should they not try something new because there are risks?
What the hell are you even talking about. They were pushing the outside of envelloppe with a supplier here and everybody but the CEO got screwed. How is this Apple'S fault. Should they not try something new because there are risks?
I really would like to see a statistics showing the number of new technologies, or manufacturing processes by Apple and compare this to other companies, not only from the consumer electronics market. I have the feeling that they really are often on the forefront and once it is established others harvest the work they did. On a sidenote: This is why I totally don't like the iFixit pricing estimate. Because this AFAIK does not reflect the efforts and investments on the engineering side as well as setting up manufacturing down the supply chain.
Why would GTAT care about what Internet posters think? In addition, we are talking about GTAT not fulfilling its contractual agreements. It over promised and under delivered. It is the "bad guy."
Bingo.
What exactly is GT claiming Apple did to them? GT made a deal with Apple and now they want out because they can't live up to what they agreed to. No one forced them to do business with Apple, did they? They took Apple's money and agreed to perform according to the contract. Now it seems, they knew they wouldn't be able to when they signed the deal. Now follow that up with stock sales by Senior management/ownership and you have the makings of all kinds of SEC, legal and criminal issues. The people running GT appear to have withheld material information about the company's condition. They sold large amounts of stock upon making the deal with Apple. Withholding material information and concealing GT's true condition has left them open to all kinds of SEC violations as well as possible criminal charges. You can be assured there will be several investigations. Apple has nothing to do with any of them other than as a creditor/customer who GT claims they can't pay. It's a shame Bankruptcy law protects them from anything except criminal charges. But one nice thing is the Feds and SEC are not lenient, in this day and age, on individuals and companies pulling shenanigans with stocks. Of all the charges initiated since the 2007 financial debacles, only one person who chose to go to trial has been acquitted.
And people wonder why smart businessmen have jobs shipped overseas.
Please get a life, and a good education before you return here...
Said the oppressor.