Your are probably right chelle. Although Corning could suppply cheap untreated glass panels in the volume needed by Apple. The marriage of the two pieces have to have some strength and not be flexible to the point that the sapphire would shatter. Ideas anyone??
Glass is brittle and can shatter, plastic is cheaper and does not shatter. The plastic may even help the sapphire avoid shattering. Two lawyers of sapphire with opposite plains to avoid shattering is also possible.
No. Neither Corning's Gorilla Glass nor any other fortified glass are required. Simple, cheap old glass or possibly plastic would suffice if covered with sapphire. Corning is in trouble.
Smart wearable shipments to grow more than 500% between 1H and 2H13, says Canalys
Press release; Jessie Shen, DIGITIMES [Wednesday 18 December 2013]
Worldwide shipments of smart wearable bands are on the rise. Just over 200,000 smart wearable bands shipped in the first half of 2013, but this figure is set to grow by well over 500% in the second half of the year, according to Canalys.
"Samsung's marketing and promotional efforts with the Galaxy Gear resulted in shipments of over 800,000 units in its first two months on sale, establishing the company as the new market leader," said Chris Jones, VP and principal analyst at Canalys. "Pebble continues to grow rapidly with its smartwatch. iOS 7 integration and an updated SDK with additional APIs give Pebble's partners a great opportunity to increase the watch's appeal while maintaining its excellent battery life."
"The market for smart wearables is extremely dynamic. This space is going to look very different in 12 months' time," noted Canalys analyst Daniel Matte. "A successful wearable device depends on the connectivity of a smartphone, which increasingly serves as the new digital hub for mobile users. Wearables entail a unique set of constraints for vendors and platform owners more experienced with the smartphone and tablet markets."
Despite growing interest in the category, products to date have been very limited. Canalys anticipates that 2014 will be the turning point for smart wearable devices. Major growth opportunities will be available to vendors, component suppliers and developers. Market expansion will occur over the next year with the launch of improved technologies. Canalys expects significant developments in the key areas of SoCs, health and fitness sensors, low-power displays, mobile operating systems, materials and design.
Great article, Mungee. So Corning gets to keep manufacturing its glass panels and then the marriage of sapphire and glass will become the new product. Looks like a long future with GTAT AAPL and GLW.
I'm bullish, believe Tom and Co. are very smart and are being very conservative. Actually, these guys don't really talk. They are pursuing some very cutting edge technology and the most highly valued company in the world bought a 1.3 million square foot building in cash for GT to load up with its furnaces and make the precious sapphire for. As for targets, I can see your targets into 2015, not necessarily next year although short interest could fuel the fire early; though, if the market is forwarding looking then maybe you're right. Even so, I'm not sure what could spark a 35% move in 2 weeks.
We appear to be in a slow and steady recovery from 7.77 (lucky 7s) low set last week. Volume has been slow and steady as money managers slowly accumulate shares at much lower prices. RSI is signaling we are severely over sold. We have been trading in step with rbcn instead of solars over the past 3 weeks. Continue to watch rbcn and it's march towards $13.68 highs set this year.
I'm sticking with $11.50-12 for 2013 end of year target.
iPhone sapphire screen confirmation should take us immediately to $20-25. A June release would is possible or as late as October. Analysts will react and double current targets. Hopefully Morgan or Goldman will initiate coverage.
2014 end of year target is $30 with over $40 as possible depending on guidance from management. $30 2014 target is based on 2.5x 2015 sales which I believe are still too low, Also peer P/S are between 3-4 so a higher target could be argued.
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Basically, Apple will be melding the touch circuitry with the LCD display, creating a single, thinner part. This will obviously make the devices thinner and more cost-effective if the price of production is driven down. This works for both standard and in-plane-switching (IPS) panels, which Apple has taken to using lately. Unfortunately, there aren’t any commercial solutions for in-cell technology and sapphire crystal as of yet.
Instead, Apple’s patent outlines a method where it is possible to meld the hyper-thin sheets of sapphire created by GT Advanced with much, much cheaper glass sheets.
By doing this, Apple could drive the costs of sapphire sheets down incredibly low in comparison to the traditional method. It will be able to create many of these super thin sapphire sheets from the same amount of raw material it would take to make one full piece of sapphire cover glass. It could then laminate the assembly together in the way that it currently does iPhones (but does not do for iPads, even the new Airs).
By doing this, Apple could stretch out the production and cost factors of sapphire enough to support manufacturing full-size display cover sheets, not just small wearable panels, buttons or protective camera covers. This, in turn, could mean sapphire cover sheets that are harder and tougher than standard glass materials on your iPhone years sooner than most analysts had thought.
So, the Hyperion tech should enable GT Advanced to significantly lower the costs associated with building sapphire screens for smartphones. But super thin wafers made cost-effective is only half of the puzzle. The other half is a lamination process, where sapphire is mated to another sheet of material.
This brings us to a few months ago, when Apple filed a patent called ‘sapphire laminates’, in which it discusses a variety of ways to laminate sapphire sheets together with other sapphire sheets or with glass. There are a variety of abstractions, but the key is a method which mates two separate sheets together to create one ‘piece’. The key claim we’re looking at here is “a glass assembly comprising: a glass sheet; and a sapphire sheet adhered to the glass sheet, wherein the assembly is less than or approximately equal to 1 mm thick.”
This claim outlines a process where a glass sheet could be produced and mated with a sapphire sheet to create a screen (another claim describes a ‘sandwich process’ as well, with two sapphire sheets). Why a screen with glass underneath and sapphire on top?
Because glass is much, much cheaper than sapphire and Apple has been using it to create in-cell touch panels. Another patent filed late in 2012 explains the process (via AppleInsider):
By integrating the layered structure of an LCD and a touch sensor, a variety of benefits can be achieved. This integration can include combining or interleaving the layered structures described above. Integration can further include eliminating redundant structures and/or finding dual purposes (e.g., one purpose for the touch function and another for the display function) for particular layers or structures. This can permit some layers to be eliminated, which can reduce cost and thickness of the touch screen LCD, as well as simplify manufacturing.
The process, when applied to solar, is then followed up by backing the sheets with flexible metal. The result is a huge reduction in thickness of sheets without the use of saws. This results in a big reduction in costs.
Why do we care about a cool, but esoteric manufacturing process for solar panels? Well, jumping back to our piece from last week, you may recall that Apple is going in on a manufacturing deal with a company called GT Advanced Technologies. The deal will see Apple building a factory in which GT Advanced will make sapphire glass in high volumes.
The only problem with the high-volume production of sapphire for smartphone screens is that most analysts will tell you that it’s simply not cost-effective. A report in the MIT Technology Review early last year quotes analyst Eric Virey of research firm Yole Développement as saying that a sapphire display could cost around $30 or fall to around $20 in ‘a couple of years’. Gorilla Glass, by comparison, runs less than $3 for a typical screen.
This is where it gets fun. See, GT Advanced actually made an acquisition late in 2012 of a company called Twin Creeks Technologies. Along with that acquisition, GT Advanced got a bunch of patents and equipment, including its Hyperion ion implanter (pictured above). Though the ion cannon was primarily used for semiconductor substrates and solar wafers, GT Advanced noted another use in its release.
“In addition, GT expects to pursue the development of thin sapphire laminates for use in applications such as cover and touch screen devices,” the release reads (emphasis ours). “The Hyperion ion implanter has the potential to minimize, or in some cases eliminate, the need for wafering saws, which would significantly lower the cost of production.”
Not sure how you make the statement above about "most of it has appeared to be on the buy side". Go to the stockanalytics site as you will see the last 3 days of GTAT that over 50% of the trading volume has been shorts.
I am not saying they are correct...............but they have a consistent method and they show the short percentage of the daily volume has been increasing.
What do you watch to make your statement? Again, not saying you are wrong but what you write is not consistent with the website listed. Try it and let me know what you think.
To me, I don't know where they get their data...........but any consistent method is telling when you see changes in trends.
- Learn to use options to better profit (buy lower by selling puts, get money for nothing by sellilng puts and sell higher with covered calls).
- Learn to do an intial stock screening in 5 minutes to consider more stocks before investing.
- Recognize that earnings growth drives share price growth AND THE RULE OF LARGE NUMBERS FAVORS SMALLER COMPANIES. Easier to increase lower revenue and earnings by 25% than large revenue and earnngs by 10%. The companies you list are huge, multibillion revenue companies. They are too large to grow revenue and earnings significantly. They also have already captured margin expansion from economy of scale. But, smaller companies can grow by a higher %age just becuase they come from a smaller base of revenue and earnings. And, as they grow, they can still expand margins with economy of scale.
- Minimize your tax burden as possible (Call Options help a lot here). My short term capital gains tax is 40% but only 20% on long term capital gains (both with 3.8% Obamacare tax).
- Learn to hedge with options to protect gains and minimize losses.
- Learn to how to use charts to time your buys and sells (buy at support, sell at resistance rather than just the day you decide to buy or sell).
- Again, learn to use options to get better prices, gains, time and reduce risk.
Stock grant is like an option except there is a vesting period. If the stock grant is $10 and they get 500 shares vested over 5 years.
100 shares each year will become vested if the stock trades below $10 the value of the grant is $0 to the holder. If the price per share is $11 it's worth $1 x 100 or $100.
Usually the grants vest over 3 or 5 years and stay open for 10 years. If 10 years the price is still below the grant the options will expire worthless. Companies do this to reward employees without coughing up $ and it can be a way to reduce turnover and entice employees to buy into the company long term plans.
My take June release would translate into confirmation from a few reliable sources on sapphire screen inclusion or not in the device by mid April the latest.
iPhone 6 rumors continue to swirl, and a new one says the Apple smartphone will be released in June or July 2014, conflicting another report from a Chinese tech site saying it will come out in October 2014.
Apple has not given any indication of an iPhone 6 release date or even a specific name.
According to the Investors Business Daily, Susquehanna Financial Group analyst Mehdi Hosseini wrote in a research note that the iPhone 6 will likely come out in June or July 2014.
The Apple Worldwide Developers Conference coincides with the June release date, and tech companies usually announce new products during such events.
“Although there is no color yet on the iPhone 6 specs, our recent checks in Taiwan and Korea suggest Apple has already begun negotiating with its memory suppliers to secure capacities,” the note reads.
The iPhone 6 is “actually expected to be a more meaningful product refresh,” Hosseini said.
The screens will also be 4.7 inches and 5.5 inches, the report said.
A report from Forbes also suggests that Apple will be using a sapphire cover over the iPhone 6′s fingerprint reader and camera. The report noted that Apple inked a multi-year deal with GT Advanced Technologies to produce industrial-grade sapphire.
Sapphire is nearly unbreakable, and like diamond, it is highly scratch-resistant.
Had to google that and found this. Not sure what it means?
Once an employee is granted a Restricted Stock Award, the employee must decide whether to accept or decline the grant. If the employee accepts the grant, he may be required to pay the employer a purchase price for the grant.
After accepting a grant and providing payment (if applicable) the employee must wait until the grant vests. Vesting periods for Restricted Stock Awards may be time-based (a stated period from the grant date), or performance-based (often tied to achievement of corporate goals.)
When a Restricted Stock Award vests, the employee receives the shares of company stock or the cash equivalent (depending on the company’s plan rules) without restriction.
Because of the secondary? That's your reasoning. My, oh my. There will be a lessoned learned alright. One is headed your way.