It also seems like Apple keeps turning the other cheek. They keep getting trash talked by this CEO and in return, they let him use the locale rent free...
If you have a CEO trash talking -- you give him all the rope you can feed him.
I think you might be too charitable. The timing of stock sales from senior execs at GTA are very suspicious. This could be a situation where Apple got scammed. If so, that's pretty embarrassing for Apple. As a stockholder, I'd almost prefer that the story was Apple being a big meanie, rather than Apple being scammed...
If this ends up being the only case where Apple was swindled and for such a relatively small amount compared to this zero debt and cash stockpile amidst dozens of acquisitions and partnerships and contracts I would say that's a pretty good track record.
It would be more concerning if someone (or group) at Apple had all the info and was not conned but just made a (or series of) immensely poor decisions or utterly lacked any ability to be sufficiently critical of claims made by the other company.
Most are only large enough for a single TouchID Home Button to fit inside at a time.
The rest are only large enough for the screen of the Apple Watch.
Thanks for the perspective. I'm guessing these are super high pressure kilns. People learn that we have a "sapphire screen" and don't seem to remember that only about ten years ago an these artificial gems being massed produced seemed like a pipe dream. I figure however, that there is going to one day be a laser/gas (with interferometry) process that allows creation of a high pressure crystal on a surface, one molecular layer at a time.
I agree... with the case being sealed (for now), we may never really know what went on. I thought that Apple essentially owned the furnaces and just "contracted" GT to run them.
GT is really coming across as the Solyndra of the industry.
In a manner, yes. Apple attempted to subsidize something that would never have survived on its own in the business world, because they were the only customer for the product and by throwing around tons of cash and involving unknown "actors", they attracted an apparently unsavory business partner. At least this time Apple walks away with most of their investment.
It really looks like Apple will get the short end of the stick here. And it seems likely they're ready to cut their losses now and move on, potentially to a better partner.
Actually maybe no, from they I read and doing a little reading between the lines, The equipment will be sold to someone, who, most like a company capable of running the equipment, like Corning. The price most likely will be set at cost, GTAT can them pay off it vendors and get out from those obligations and they can movie forward with their other business. Apple will out some money, but apple may be the one who buys the equipment since they could then control the selling price to someone else. If that is the case then they could get back some of their investment. The only thing important to apple is to get the equipment out of the hands of the court and get it to someone who can make sapphire for them.
They will also do some lease deal on the facility unless they can get someone to buy everything. The purchasing company will obvious get all the IP Apple now owns as well a guaranty orders from Apple they will have built in customer with the deal.
In the end, GTAT will survive, but a lessor company, and Apple will get what they need for future products and do not have to deal with a company which lack the experience needed.
And how, exactly, would you expect the court to facilitate that, given that they don't have anywhere near that much money?
Because agreeing to these things is the only way GTAT can conceivably raise the cash. You don't kill a chicken if you want her eggs.
"Apple will have a $439 million claim against the furnaces and will be paid solely through the furnace sales, Despins said. No other claims will be made by Apple."
Even if GTAT closes shop tomorrow, or becomes wildly successful a year from now, the only money Apple will get is from the sales of the furnaces.
I saw some speculation that the reason only 1,000 furnaces were operating at the time of default was that the Arizona PUC could not supply enough power to operate all 2000. In the unlikely event that is true, somebody made a big, big boo boo.
Comments
Most are only large enough for a single TouchID Home Button to fit inside at a time.
The rest are only large enough for the screen of the Apple Watch.
It also seems like Apple keeps turning the other cheek. They keep getting trash talked by this CEO and in return, they let him use the locale rent free...
If you have a CEO trash talking -- you give him all the rope you can feed him.
I think you might be too charitable. The timing of stock sales from senior execs at GTA are very suspicious. This could be a situation where Apple got scammed. If so, that's pretty embarrassing for Apple. As a stockholder, I'd almost prefer that the story was Apple being a big meanie, rather than Apple being scammed...
If this ends up being the only case where Apple was swindled and for such a relatively small amount compared to this zero debt and cash stockpile amidst dozens of acquisitions and partnerships and contracts I would say that's a pretty good track record.
It would be more concerning if someone (or group) at Apple had all the info and was not conned but just made a (or series of) immensely poor decisions or utterly lacked any ability to be sufficiently critical of claims made by the other company.
Most are only large enough for a single TouchID Home Button to fit inside at a time.
The rest are only large enough for the screen of the Apple Watch.
Thanks for the perspective. I'm guessing these are super high pressure kilns. People learn that we have a "sapphire screen" and don't seem to remember that only about ten years ago an these artificial gems being massed produced seemed like a pipe dream. I figure however, that there is going to one day be a laser/gas (with interferometry) process that allows creation of a high pressure crystal on a surface, one molecular layer at a time.
Again? He was banned like a month ago.
Again I must point out that Huddler does not distinguish to the user whether the ban is temporary (nor its length) or permanent.
It doesn't matter to other users, though vBulletin will say "Kicked" instead of "Banned" for temporary bans.
In a manner, yes. Apple attempted to subsidize something that would never have survived on its own in the business world, because they were the only customer for the product and by throwing around tons of cash and involving unknown "actors", they attracted an apparently unsavory business partner. At least this time Apple walks away with most of their investment.
Just checked. He's not currently banned.
Oy.
I think it was meant as a joke since he hadn't made any comment yet in this thread.
Just checked. He's not currently banned.
It was subtle, but the point being... sog35 has not yet commented in this thread... one of his favorite subjects... hence ThePixelDoc's comment.
Thanks for the clarification.
Wow.
It really looks like Apple will get the short end of the stick here. And it seems likely they're ready to cut their losses now and move on, potentially to a better partner.
Actually maybe no, from they I read and doing a little reading between the lines, The equipment will be sold to someone, who, most like a company capable of running the equipment, like Corning. The price most likely will be set at cost, GTAT can them pay off it vendors and get out from those obligations and they can movie forward with their other business. Apple will out some money, but apple may be the one who buys the equipment since they could then control the selling price to someone else. If that is the case then they could get back some of their investment. The only thing important to apple is to get the equipment out of the hands of the court and get it to someone who can make sapphire for them.
They will also do some lease deal on the facility unless they can get someone to buy everything. The purchasing company will obvious get all the IP Apple now owns as well a guaranty orders from Apple they will have built in customer with the deal.
In the end, GTAT will survive, but a lessor company, and Apple will get what they need for future products and do not have to deal with a company which lack the experience needed.
Bad assumption on my part, since he was missing from this thread completely.
This was his pet theme for the last couple of weeks.... so... well... I ASSumed... and now I'm the "donkey".
Bad assumption on my part, since he was missing from this thread completely.
This was his pet theme for the last couple of weeks.... so... well... I ASSumed... and now I'm the "donkey".
Shouldn't have said anything... I thought your post was brilliant (still do, actually). lol
Maybe he went insognito.
If it was that simple, GTAT would have to cough up $439 million asap.
And how, exactly, would you expect the court to facilitate that, given that they don't have anywhere near that much money?
Originally Posted by Russell
Instead,
1) Apple doesn't get their money back until the ovens get sold
2) Apple is allowing GTAT to stay in the building rent free for a year
3) Apple will help GTAT obtain $150 million in financing
4) GT gets to retain intellectual property rights
Because agreeing to these things is the only way GTAT can conceivably raise the cash. You don't kill a chicken if you want her eggs.
And how, exactly, would you expect the court to facilitate that, given that they don't have anywhere near that much money?
Because agreeing to these things is the only way GTAT can conceivably raise the cash. You don't kill a chicken if you want her eggs.
"Apple will have a $439 million claim against the furnaces and will be paid solely through the furnace sales, Despins said. No other claims will be made by Apple."
Even if GTAT closes shop tomorrow, or becomes wildly successful a year from now, the only money Apple will get is from the sales of the furnaces.
I saw some speculation that the reason only 1,000 furnaces were operating at the time of default was that the Arizona PUC could not supply enough power to operate all 2000. In the unlikely event that is true, somebody made a big, big boo boo.