ash471
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Quote: Originally Posted by TomMikele 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…
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Quote: Originally Posted by elroth The iPhones were already in production on August 26th*, so GTAT's CEO obviously knew well before then that sapphire wasn't going to be used for the screen. The simplest explanation overwhelmingly is that the CE…
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Quote: Originally Posted by elroth The iPhones were already in production on August 26th*, so GTAT's CEO obviously knew well before then that sapphire wasn't going to be used for the screen. The simplest explanation overwhelmingly is that the CE…
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If we want to really speculate, maybe Apple is planning for sapphire displays next year (iPhone 6s) and they think GTAT is a shitty supplier and a liability to their supply channel. However, GTAT probably has a good patent portfolio. So Apple sets…
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Quote: Originally Posted by sog35 wtf are you talking about! The GTAT CEO said every thing was great and on schedule on August 26th. The iPhone came out of Sept 19th. Do you really think that on August 26th the GTAT CEO did not know they we…
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asdasd wrote: » They were expecting it in the 2nd H 2014. That said you are probably right. Apple might even have been stringing them along until their filing or otherwise they would have to have warned in the August conference call. Which woul…
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talkinman wrote: » LOL - I noticed that after I posted, and it caught me by surprise. (Not "omg-really-surprise," but real surprise-surprise.) The only thing I can surmise is that I was posting under a different nom de post. Thanks for not assu…
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asdasd wrote: » The filing said they expected to make $500M in revenue. So? They did $168 million in Q2. $500 is a lot, but believable even for just the watch. $500m is small cap business. Secondly, it is very very unlikely the CEO would lie abo…
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sog35 wrote: » The CEO is a fraud and broke SEC laws. On August 26th he said everything was going great at GTAT and they were going to have $330M in the bank by year end. 6 weeks latter they are BANKRUPT. That there is FRAUD. It was the CE…
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asdasd wrote: » You must be right. It's a legal duty to produce accurate results and forecasts. Which they manifestly did not do. Both the CEO and the CFO should be investigated by the SEC and Justice. It depends on when they knew they were getti…
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asdasd wrote: » Not all chapter 11's end up as chapter 7's. It was designed to allow a company A that is owed revenue by company B but owes payments to C to protect itself from C for a time if B is tardy. If B eventually pays all is good. …
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ibeam wrote: » I doubt it. The screen separated so it apparently was not a factor. That said, it may have helped prevent bending the other direction as would be the case in a typical back pocket scenario, but no one tried that. Bend-gate…
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maestro64 wrote: » Actually and I will try and find the information. The AZ plant can not produce enough sapphire for all the iphone alone, it may be physically big enough but lack one important thing, power. Someone did the calculation base on…
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nolamacguy wrote: » yes, it's obvious thats what happened....in your mind. seriously -- no one knows, no one can know. we weren't there, we won't be there. it's equally as plausible that the sapphire was only intended for watch first, and the…
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charlituna wrote: » What sapphire project??? There is zero proof that Apple had any intentions for the material beyond the current uses. Any material engineer will tell you that sapphire is not viable as a screen material because it breaks on impa…
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Quote: Originally Posted by SpamSandwich Sometimes judges will not allow secrecy on these matters. We shall see. No sense in trying to keep it secret. It will eventually come out. Pretty likely there will be an investor lawsuit over this. It…
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Quote: Originally Posted by Rogifan Supply constraints rumored right before an Apple event. What a shocker! /s Seems pretty obvious what happened. The sapphire display was suppose to free up display inventory to allow for a larger iPad. When …
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Quote: Originally Posted by ascii It's funny to think they can't hire enough people in China, with their massive population. I wonder if it's possible to design future iPhones and iPads to be less labour intensive to make? Or else open factorie…
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Quote: Originally Posted by sog35 Pathetic by GTAT. Their CEO/CFO are total crooks. They are trying to use Bankruptcy to re-negotiate terms with Apple. Hopefully the judges sees through this and does not allow this. GTAT gave their shareho…
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DED, I enjoy your columns, but I think you got it totally wrong on this one. If Apple wasn't planning on using sapphire for the iPhone 6, why is GT filing bankruptcy? Seems pretty obvious what happened. Apple experimented with sapphire and shifted …