Of course initial startup costs will be higher. For me, one of the highlights of the last CC was TG stating that they will reach their production efficiency goal in Mesa by Q1/15. That tells me they will be fully ramped and running straight out by then in order to meet that goal. It also tells me that sapphire is on the iPhone since that is the only product that I know of that would require such capacity.
Not everything MK. The new request asks to ship some material locally....
"The final finished merchandise will primarily be exported, but other intermediate items produced in the production process may be shipped domestically from the Zone. "
Looks like multiple products are planned.
demerson it's clear that you just don't understand yet you are fling insults like you do. You might want to tone down the arrogance.
Please explain the connection between solar and sapphire that you have now stated twice in this thread.
You sound exactly like one of the uneducated analysts here. Sapphire for solar - What? Disappointing sales? If you understood, you would not be expecting sapphire materials to Apple to be included in revenue. It would stay in deferred revenue until Apple needs it. Very basic accounting and spelled out in the agreement.
Bingo yoni.... I haven't even been watching the board and am perfectly content to sit back and let the shorts post their short term BS. I know what I know as some say.
I feel the same way yoni, and rudedude is right on. If I were just in this for iphone 2014 I might be worried about whatever may be going in, but as long as Apple isn't dumping GTAT long term the story this company offers remains solid.
Good exercise Dana. The 165kg furnace is what GTAT announced as available for sale to furnace customers but they also have an even larger furnace that they are keeping for their own use in Mesa and Salem. It is likely in the 200 to 230kg range so they may be able to produce up to 40% more from just that one variable change alone.
Good job finding the video gtat brat. Timing discussed after the 8 minute mark.
"Our production facility in Tailand coming up by the end of the year."
All I need to hear is TG reiterate guidance in a couple of weeks. If he does that, we're good.
Every one of these analyst reports has statements that any of us that know this company can instantly see is outright wrong. This is not new either and was actually the impetus that got Mungee frustrated enough to go set the record straight and begin publishing articles himself. They have consistently missed the boat over and over again and I place absolutely no weight in anything that comes from them. I haven't seen a single material fact that would impact the story here, all we get from them are vague unsubstantiated unofficial rumors.
Deferred revenue has always come from equipment that has shipped from backlog but has not been recognized as revenue yet because it is still in the acceptance phase. Since backlog did not have a $178m reduction last quarter it is a safe bet that it is Apple sapphire materials waiting to be recognized..
Article link can be found on the Yahoo GLW page.
What amazes me is how wall street is able to manipulate a stock at will. Consider that the very day that it is practically confirmed that GTAT's product will be going into the highest selling consumer electronic device there are two analyst hit pieces, and a week later another. The price drops 25% on garbage supply checks and rumors. HELLO - SAPPHIRE IS ON THE IPHONE6!
Don't let them #$%$ out of your shares. Sapphire material revenue stream is running at over $1B/yr right now and that is only a part of the story. Nothing has changed except the price you can add shares has come down.
Teach - Do not worry about rumors.
Did you see that sapphire will be on i6? Expect big PT increases from all analysts.
Serious question if anyone understands the big picture. How is some unknown like CLSA able to trigger this much volume on this type of 'news'. I don't get it. I'm no wall street manager but when I read his remarks it took me all of 3 seconds to laugh and dismiss them. Who on earth is listening to this garbage and actually acting on it? This, along with the other two last week are clearly, make that very clearly, bogus.
Today's bad news... Sapphire on iPhone6?
"Heller, maintaining his Outperform rating on the stock, writes that GTA’s technology is, indeed, being used to produce cover glass for the iPhone, but yields thus far are not ideal, limiting how much GTA will make off this in the near-term:"
So he says sapphire on i6 yet the market pummels the stock. What?