I agree it's possible. Potential buyout on one side, hopefully at a decent premium vs. this slow motion slide of every Q with an excuse and a promise to better next time. I'm just not sure how attractive it is; yes an established business, but it's an established "mom&pop" in the world of e-commerce giants apparently with its customer base slowly drifting away.
The long term trend is of each Q' s results being a step down from the previous. If this trend continues another 2 Q's I think they'll have to reduce the dividend and then it will go to the single digits.
His wry comments before he has heard the case are ridiculous. What's the matter with that guy. Some people you put a microphone in front of them and the just have to open their mouth.
He'll be glad to get back to dealing with the "slip and falls" at the local Safeway.
How has he heard the facts? Just like judge Judy. Aapl will tear him up, but it won't get their $400M back.
Yes aapl was duped and there will be blood in the halls of aapl. Now it's about public damage control and hoping this drifts to the back pages ASAP. Aapl has had enough bad publicity with their Chinese factory worker issues. Publicly they will be silent, but be assured that those within the company responsible will fall on their swords.... And that is no exaggeration. $400M - can you imagine Steve Jobs response!!
How could he possibly comment on the case with his contractor analogy without hearing the facts of the case? The sensitive information is one thing, but then he goes too far with the prejudicial comments about home contractor nonsense. Just like judge Judy; deciding a case about a car accident and she asks are you on disability, how many kids by how many men, do you get gov assistance..... Ok now I know who's at fault in the car accident. Aapl's attorneys will have this clown thrown off the case before lunch the first day.
The judge isn't nearly as old as I thought he was. He sounds like one of those addle minded appointed for life 85 year olds that should of slipped into a nursing home years ago. Sounds like a judge Judy wannabe. He's already decided the case before he's heard the facts.
He should go to prison, but he will spare no expense of GT's remaining money to hire the best defense possible.....God Bless America.
My guess is they did.
The question for GT management is how long did they sit on the knowledge that aapl was not using their product? The fact that Corning can supply this massive demand with no evident problems tells me that aapl made the decision many months ago. Many months ago. The only thing GT execs did was to remain silent and sell shares. Speaks volumes to the integrity of the parties involved.
That aapl walked away from $400M shows you that this thing was a total fraud. We're not talking about "specifications" -- no one walks away from $400M over details. This was a total cluster F fraud. The judge sounds like one of those addle minded appointed for life embarrassments with his home builder nonsense.
We'll the business is 900 people trying to get some half backed furnaces to make a product that the customer doesn't want all at a burn rate of $1M/day .....jeessh if that isn't bankrupt I don't know what is.
At what point did you "discover" all these oppressive details of this impossible to comply with aapl contract? So many experts on this contract ..... You all figured out so I'm sure everyone sold at $10, it was so obvious!
All the conspiracy nuts strangely ignore the 5000lb elephant in the room. Aapl is out over $400M!! That is serious cash even to aapl. They're a major victim of this total fraud. Explain that to me. Forget the home builder changing plans nonsense ......explain $400M burned up on some disfunctional furnaces.
Why would aapl spend $400M yo pull some elaborate hoax on gtat? That seems to what you're saying. What is aapl getting out of this? What if gtat furnaces didn't work but they strung aapl along to get the payments until the end when it actually came time to deliver? It's just a common as dirt business scam. Cooked books, phoney data until it eventually collapses.
Did you see the insiders sales for gtat execs? Gtat goes bankrupt and the exec's net worth is more then it was a year ago. That really says everything.
No repercussions? Are you kidding me...... They lost $400M. How did the gtat execs come out of this?
Aapl led gtat to believe? Aapl was dishing out the money based on gtat meeting certain milestones. It was gtat that was where the funny business must of happened for this thing to implode. It's all speculation at this point but to say that aapl dished out $400M and pulled the rug out from under this makes no sense. It makes no sense at all. Now gtat being nothing but smoke and mirrors up until the end where aapl says "let's see the product" and at that point gtat's house of cards comes crashing down makes a lot of sense. Don't work so hard to dream up some conspiracy. The simplest explanation is most likely correct- Occam's razor.
Well aapl looks to lose $400M on this cluster F, it's hard to imagine how they would be the bad guys. On the other hand GT execs seemed to profit nicely.
I'm guessing no one listens to you. Why are you so angry? You made a good call and you're foaming at the mouth; there's something you're not telling.......which is fine.