Just another "great" managerial decision by Mr Cook, the world's best COO and nothing else.
1 - Pathetic dividends decision;
2 - Useless Beats purchase;
3 - Failed GT investment;
4 - DOA Apple Watch.
More to come?
Figured I'd correct your typo in your post saying how no one knows as much as you. Keep up the good fight buddy
uhh- this would have been a COO decision moreso than a CEO decision. So basically- you don't know what you're talking about? But we all knew that already. Begone! Back under your bridge you go!!
your dremel cutting discs could scratch it. That's something other than Diamonds (silicon carbide), which makes it _resistant_ to scratches from things other than diamonds, not impervious.
Scientists and Engineers _Never_ speak in absolutes. (yes, that's an oxymoronic sentence, as I am an engineer;-).
The 'hardened material' has been explained already.
thewhitefalcon wrote: »
Good thing Apple owns the Mesa plant, they just need a new operator.
Or they go self-op and reduce costs further.
Apple made a prepayment for sapphire, which GT will still be producing. Apple owns the facilities, which they will still own after GT goes through bankruptcy. GT will still operate the furnaces for Apple. GT is going through bankruptcy now because they stopped producing for there old customers while trying to focus on Apple.
Apple buys back the facility they built, fires everyone incompetent, and goes on with their work.
Well, I'm not sure why Apple wants to inherit a supplier who can't deliver. I'm speculating that the GT tech probably over-promised and over-extended and now using their jail-free card to avoid paying back whatever they owe to Apple.
I wish I had shorted GTAT.. Now, is LiquidMetal also a public company?
Is this company continuing to produce its product right now? If not, how long until Apple can get control of it and produce more sapphire screens? This huge delay could be very disruptive to production. How much value has Apple received from this company after they gave them the money?
If Apple has been ripped off then Tim Cook's job should be on the line. You just don't lose over a half billion dollars and remain in your position unless you're a banker on Wall Street.
I don't think you understand my point. When he was ONLY a COO, things were fine since he only had to deal with the operational side of things. Now that he is a CEO (something which is WAY over his head, of course), he bungles one initiative after another.
Don't believe me? Just wait and see; in due course he will become the perfect Michael Spindler redux.
With all due respect, you're just making stuff up based on a poor understanding of the law. Bankruptcy is a process whereby the courts help arrange a fair deal for the affected parties when the company is unable to fulfill all it's obligations. Starting the process in no way, shape, or form means that all contracts are null and void. They aren't filing for anarchy.
Unless you are significant shareholder or they personally owe you money, I suggest you don't worry about the details and just see what happens. It's possible that they pulled a fast one on Apple and Apple didn't realize they were in this state, but it's also possible that they went into this with full information and know what they are doing. Time will tell (maybe).
You just don't lose over a half billion dollars and remain in your position unless you're a banker on Wall Street.
Pfft. Steve Ballmer did it for years.
yeah some people use Bankruptcy is a business strategy. But I am beginning to suspect they are not that smart.
It appears they over extended themselves and maybe they sold Apple one being able to do a iphone size display and it all fell apart and we now know what direction Apple went in. They have money in the bank, but their debt out weights what they have in the bank as well as future AR and sales forecast and their creditors were coming after them.
And/or they sold Apple on being able to deliver for the AppleWatch, and they have no hope of meeting the delivery schedule.
In any case, Apple is most probably NOT the first in line - tax authorities AND workers would be priority in case of liquidation of assets.
But only because Dremel cutting disc contain either diamond or silicone carbide, right? You can never scratch something of hardness X with something with a lower hardness, isn't that true? So if sapphire is #3 on the list, then it's can't be scratched by anything that isn't diamond or SC. Or it more complicated than that?
Who's saying anything about liquidation of assets? And why would "the workers" be ahead of anyone? If a company stops operating, the workers just lose their jobs. Unless there is a pension plan (or union contracts?) the workers aren't really part of the discussion.
I bet Apple demanded a very strict contract with demands on deliveries. GTAT probably thought it could deliver. There has been several rumors with sapphire delays lately. Maybe their "fines" were too high, and they thought they could up-on on Apple by declaring Chapter 11. Now they got the equipment, but can walk away from the deals it made with Apple.
This whole thing smells fishy. I am sure we will get more details soon. Feel sorry for Apple as this will delay sapphire devices even further.
Spindler was in there for 2 and a half years and never increased the value of the company. Tims been there 3 and a half and doubled it. So, what I'm essentially saying is- shut up- you don't understand your own point.