Is anyone following these SEC filings? It now appears that Garrison Capital is going to foreclose and accept the assets of the company as payment in full. Then either they or an assignee (likely in the works for months) will take over, keep the employees and stay in business as a private company!!!
What an absolute, crooked system. They flat-out stole the company from the shareholders and will very likely get away with it. Now we know why there was still heavy buying even after their previous filings where they said the plan was to liquidate and wind down operations.
Does anyone know if casino slot maker IGT is still a licensee? On a recent trip to Vegas I noticed some of their slots using haptics. Probably another case where we spent 3 years working with them only to have them steal our tech and go ahead without us. By the way, the haptic effect was a nice feature and enjoyable to use with all the noise in the casino.
Caff, very clearly you have lost all objectivity when it comes to Sj/SK. This baffles me considering the vast amount of money and lost opportunity cost their actions have caused you. I will NOT get into a back and forth with you, I will simply state the fact that nearly EVERY stage of this conversion process has been structured to favor the 8150 shareholder and insiders over IMOS holders.. Your unwillingness to see and admit this astounds me.
If Baupost has held this pig THIS long, another year won't be a problem. Like the rest of us, I am sure they realize that after two years of suppressing the stock of IMOS, the company will have plenty of motivation to RAISE the price of 8150 after the consolodation. And finally, as the price of 8150 recovers to $50nt, IMOS shareholders who hold thier adr's will finally reach fair value for their shares. At which point they will finally be able to escape this crooked institution called Chipmos.
PDP new hardware not available until the fall. Until then Madcatz continues to sell and support all products. Will allow them to thoroughly clean out all on hand inventory at full retail, thus higher margins. Plus hopefully they will receive a buyout fee from Harmonix. Madcatz took its share of heat for the poor sales of RB4, but HMX was solely responsible for the marketing of the game, and there was virtually none.
This is a good move for Madcatz as it will allow them to focus sales and inventory dollars on higher-margin product lines. Karen has right-sized operations to the point that the company can break even on roughly $22M a quarter in revenues.
Chipbond 2Q16 revenues to rise up to 15%, says report
Jessie Shen, DIGITIMES, Taipei [Tuesday 1 March 2016]
LCD driver IC packaging and testing house Chipbond Technology is expected to post revenue growth of up to 15% sequentially in the second quarter of 2016, thanks to a ramp-up of orders for TV and smartphone applications, Taiwan's Central News Agency (CNA) quoted market watchers as saying in a recent report.
Chipbond, like Himax, is a Taiwanese company selling into the same channels. Forget VR/AR, TV and smartphones are strong, existing business for Himax, and business is very obviously picking up...