... check out their website page that loads first and scroll down to the bottom tabs and click on "videos", then watch both. IMHO, this is the greatest invention since the wheel... especially for the ready to assemble furniture industry... even already assembled furniture, say from a Ashley furniture. Labor and shipping savings are huge. A company like Ashley can keep more furniture in stores and not lose sales due to having to wait for it ship from a main warehouse. More furniture can fit into shipping containers due to flat packing... conventions can be set up quicker... there are many more applications... this is in its infancy.
... His name is Steve Appleton. I like his attitude, but he's like Levin and sells his shares. I don't like that.
Occupation: CEO, Micron Technology
Location: Boise, Idaho
Net Worth: $85 million
Business is all about taking risks, which is why Steven Appleton should be the world's most successful CEO. But he's not; maybe just the world's craziest.
Because Appleton's company sells publicly-traded stock, it's required to disclose significant risks to its business in its regulatory filings. And while the filings discuss a lot of complex issues, they neglect to mention that its chairman and CEO has something of a death wish. While the rest of the world hangs on Steve Jobs' every cough, the fact that the head of a 20,000-employee semiconductor company regularly courts the Grim Reaper seems to fly under the radar.
And we mean fly literally, because Appleton is an accomplished stunt pilot, licensed to perform loops, rolls and stalls at altitudes below 100 feet. Appleton, who has owned more than 20 planes, once crashed when his plane stalled 25 feet off the ground. He survived, but many of his friends have not; he told an interviewer that he loses "about three to five friends a year in the air show business."
In case that doesn't sound dangerous enough to you, Appleton also enjoys off-road rally racing. Last year he was the top finisher in his class in the Baja 1000, a relentless and sometimes deadly 1,000-mile race through Mexico's Baja Peninsula. Each year, spectators sabotage the course by hiding obstacles or digging holes in the course.
Appleton's team is expected to join in the fun. The Wall Street Journal reported that Appleton has led Micron managers in "full-contact ice hockey and off-road vehicle racing on the coast of Mexico." It noted that Chief Operating Officer Mark Durcan had broken several ribs during a dirt-bike ride in Arizona and had a second biking accident at a corporate retreat the year before. "We're a hard-charging group," Durcan told the Journal. "It all starts at the top." (Durcan is rumored to be Appleton's planned successor at Micron.)
A former tennis pro, Appleton boasted of his "killer instinct" to a USA Today reporter, adding that he felt more inclined to take risks as he got older. "If I were to die tomorrow, I have no complaints. I've experienced more than anybody should expect in a lifetime." After slamming his peers ("There are a lot of bad CEOs. I meet some where I think, ‘How did you get to be a CEO'?"), he urged leaders of larger companies (like his own) to take bigger risks because "they have the resources to be bold."
... per a discussion this weekend regarding MU. I marked it "O/T" due to it not being about CT. To cut to the chase, MU seems undervalued based upon foward looking PE ratio as compared to sector and potential memory shortages created by disasters in Japan. It's not a 10 bagger or even a 4 bagger, but could double if supply continues to be strained. MU trades from the high 9's to low 12's. Japan and new products could be catalyst for a breakout to $18 - $20 as Apple shifts suppliers due to quake. Ex: Toshiba cut its wafer production by 50% due to power problems. Wafers need very stable power. Japan cannot provide that on a consistent basis for quite a while...
MU also bot Numonyx which had partnerships with Samsung and Intel