I was shunning the stock at $15. Had serious reservations about Google Glass and the lack of any near-term impact for HIMX's financials. However, this is a 4% dividend on a solid company - any growth for Glass or other and there could be some good upside hence initiated a nice position at $5.80 this week.
I was as long as the longest here. However, if there is validity to the many reports being published, the company is going to significantly lower their 2014 forecast in about 3 weeks and the 2015 figures as well and the stock will drop to $10 or below. I just don't want to hold going into that and I would rather buy in cheaper. I was telling HIMX shareholders the same thing at $15 and nobody wanted to hear it - look at it now. Holding shares in a stock you love blinds you. Give me thumbs down, whatever. GTAT just went too far, too fast, with too many promises... as much as I love her :-)
I saw a video of a cinder block being dragged across one of GT's sapphire displays and the cinder block dust was wiped off with no change to the display. So I would think that sandpaper would have the same effect even though it's still so difficult to imagine it not scratching the heck out of it. I guess I'm just used to my GG screens always scratching.
I'd like to better understand the "yield issues". Maybe this is one of the reasons for the need for 2500 furnaces (supposedly) to offset lower display yields; this would require more boules. Perhaps CLSA, being located in Asia, has access to Foxconn, or whomever is cutting/polishing the wafers, and found that yields are low - I don't know, maybe these guys have access to information that the US-based firms don't. One thing is for sure, 8/4 is in about 2.5 weeks, at which point GTAT will either reiterate or revise estimates. It will likely be extremely volatile as there's now a bunch of upside potential or more downside potential.
I believe these may be of his VESTED shares. From what I recall, he has hundreds of thousands of other unvested shares/options which would clearly indicate that he has plenty of skin in the game even though he can't access such equity. Though I am seeking confirmation as well.
Also, if you notice, the screen can bend, as is viewed in one of GTAT's youtube hyperion videos when they are discussing sapphire lamina. This means that the screen won't shatter - it debunks the "brittle" theory. Scratch proof, shatter proof. Notice that the number of thumbs up to thumbs down indicates that viewers of that video are clearly impressed and WANT this.
So, they're downgrading due to $700M in sales as opposed to $800M. So, $800M means that sapphire is in the iPhone to a certain large capacity on day 1 but $700M is because sapphire won't be in the iPhone in an meaningful capacity? I don't get it.
Banner year for me. GTAT hasn't changed my life (yet) but it's made it much sweeter, for myself, my family, and anyone that's near me when I'm tipping for services. :-) Money can't buy happiness but if you're already happy, it makes it that much more delightful.
This is big, if true. I wasn't reaully planning in the ipad, just like it not making that much sense to put sapphire on iMacs. But ipad minis are generally a younger consumer's product and are probably dropped just as often as iphones. Look for upward revenue revisions for, at least, next year going forward.
it's always "you'll see"... "just wait"..... "it's coming".... what a piece of junk.
Could also be that they think GTAT will be higher than $20 in the next 2 months and they can collect the premium.
How much are you up on this investment? You must have made a ton. After all, the stock has just gone straight down for years. But, any day, you know, I know, we all know, MLER will rocket upwards and onwards! Any day now.... just keep hanging on. It's gonna happen. Flying cars will not be introduced by Lockheed Martin, Honda, BMW, ,,, it will definitely be achieved by Paul Moller.
My concern is if the yields aren't good or how we can assume "$10 per screen" when gt is only delivering boules. Does this mean they get $10 per screen once installed or is it only $3 per screen and a total $10 of cost to apple for the entire screen cover manufacturing process? What if gt lowers guidance for this year but raises guidance for next year. I'm in very deep but based on my own personal questions, which could have merit, my risk is probably very extended.
I've never shorted any stock. The point is that licensing rev from last quarter is down and they are unprofitable. Good luck with your 12 to 17.
"NO WAY... I wouldn't sign anything like that".
You have to remember, GTAT was between a rock and a hard-place, and had almost no revenue source. What if GT didn't sign it and Apple walked? I believe Apple said "if you want to do business with us with sapphire you supply NONE of our competitors, but we'll pay you nicely if you do sign".
"more in the international arena than domestically".
Good observation. Though with a lower price and higher-efficiency, that could change. Not overnight,, but gradually.
Hi there.. sapphire will be the bulk in the near-term but more revenue streams will be coming in the future - well, at least, that's why I'm here. However, it's possible that the current sapphire revenue estimates based on Apple as the primary customer could be raised in the near-future. In other words, the $600M - $800M 2014 revenue estimate (with 80% sapphire and backloaded in 2014) was initially given in early Dec. 2013. I'm hypothesizing that those estimates will be raised. If so, look out above.
"they can not sell product out of Mesa ONLY".
This is a big point which seems to be interpreted differently. The agreement mentioned:
1) GT cannot sell, supply, support any sapphire endevor with anyone else for consumer electronics (a.k.a. other smartphone manufacturers).
2) GT may use excess sapphire from Mesa for other customers if requested to Apple and Apple approves.
I interpret this to mean that no consumer electronics customers may be supported whatsoever (as indicated in 1. above) and that excess sapphire from Mesa could be sold to other customers if not being used for consumer electronics; stuff such as LEDs, medical, etc... I also believe that GT subject to a very large penalty (to the tune of $1B) if point 1. above is breached by GT.