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RF Micro Devices Inc. Message Board

johnnie_beans 283 posts  |  Last Activity: Dec 16, 2014 8:39 AM Member since: Feb 8, 2005
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  • johnnie_beans johnnie_beans Dec 16, 2014 8:39 AM Flag

    The value of the furnaces is the “million-dollar question” and will be the “primary determinant of recovery amongst other things,” Irvin Schlussel, managing partner at Advantage Capital, said in a phone interview.

    “If they sell these furnaces for $500,000, then all of a sudden we have a great prospect for full recovery for the bonds,” said the fund manager, who holds debt and equity in GT Advanced.

    There is also an early payment discount of as much as $47.5 million if the furnaces are sold quickly, according to James Carr, as attorney for the unsecured creditors’ committee. Apple also agreed to extend the use of the Mesa facility through December 2015.

    The settlement will “improve recoveries and allow the company to get back to focusing on what is important, which is raising bankruptcy financing as well as clearing out a path to proceed with the legacy solar businesses,” Schlussel said.

  • johnnie_beans johnnie_beans Dec 12, 2014 12:30 PM Flag

    There is uncertainty in the markets due to the somewhat surprising decline in oil prices that is affecting energy stocks including the solar stocks. The decline may have a little further to go. At some point oil prices should recover and the solar stocks should benefit.

  • johnnie_beans johnnie_beans Dec 11, 2014 4:45 PM Flag

    "YGE is on highway to hell."

    This stock keeps going down as if their business is going to hell which does not appear to be the case. When other solar stacks recover a little, YGE often does not. There appears to be no love for this stock, at least at the present time. No green in YGE? If this keeps up much longer, they will need to change the name and symbol to YE.

  • Reply to

    manipulation

    by lukepinkney Dec 11, 2014 4:31 PM
    johnnie_beans johnnie_beans Dec 11, 2014 4:36 PM Flag

    16:10 $ 2.48 High 100

    Someone trying to avoid a margin call by painting the tape? This was happening awhile back also.

  • johnnie_beans johnnie_beans Dec 6, 2014 11:27 PM Flag

    The COMMITTEE is not going to just let Apple off the hook.

    A bunch of lawyers are discovering several potentially major flaws in the deal. Apple may not even have a valid security interest in all or some of the furnaces due to the legal fictions that were created via SPE. If Apple was at fault they can be put at the end of the line.

    "The Committee‘s investigation lends support to certain of the Debtors‘ allegations regarding Apple‘s conduct, suggesting that the benefits to Apple under the Proposed Settlement are unreasonably generous based on the presence of potentially credible estate claims."......


    They see Apple as a lender who interfered with their debtor paying back the loan. They do not want to just give away any claims the GTAT estate may have against Apple. "The covenant of good faith finds particular application in situations where one party is invested with a discretionary power affecting the rights of another. Such power must be exercised in good faith."

    Apple's tactics and conduct have been exposed. Go get em COMMITTEE. Fight for justice for the "Estate".

  • Reply to

    As a proud owner of a SunPower solar system....

    by milluzzi Dec 4, 2014 5:12 PM
    johnnie_beans johnnie_beans Dec 6, 2014 12:39 PM Flag

    How well does your solar system work, are you saving money, and what part of the country is it in? TIA

  • The plane has more than 17,000 solar cells manufactured by Total SA’s SunPower Corp. They’re printed on a waterproof resin film conceived by Belgian chemical maker Solvay SA that’s thinner than paper and serves as the skin of the wings.

  • johnnie_beans by johnnie_beans Dec 5, 2014 5:31 PM Flag

    The Earth receives an incredible supply of solar energy. The sun, an average star, is a fusion reactor that has been burning over 4 billion years. It provides enough energy in one minute to supply the world's energy needs for one year. In one day, it provides more energy than our current population would consume in 27 years. In fact, "The amount of solar radiation striking the earth over a three-day period is equivalent to the energy stored in all fossil energy sources."

    Photovoltaic power even has advantages over wind power, hydropower, and solar thermal power. The latter three require turbines with moving parts that are noisy and require maintenance.

  • InvenSense on Tuesday reported Q2 2015 EPS of $0.05 per share, missing estimates by 68 percent.

    Following the large earnings miss, John Vinh offered reasons why he is downgrading the stock.

    "InvenSense executed poorly in what was anticipated to be one of the strongest quarters in the company's history. Instead, price pressures from Apple and Samsung and the acknowledgment of potential second-sourcing significantly reduce our confidence that InvenSense will be able to sustain growth and avoid multiple compression."

  • BERLIN -- Germany’s biggest utility E.ON — long a pillar of the country’s fossil fuel and nuclear industry — dropped a bombshell on Europe’s business world with the announcement that the multinational was exiting the conventional energy market in favor of a new business model based on renewables, intelligent grid systems, energy management and other services. Indeed, the company seems finally to have drawn the logical consequences from the Energiewende, Germany’s renewable energy transition, after years of resisting the ambitious transformation of the nation’s energy supply.

    “This is part of a transformation that almost all of Europe’s major utilities are currently undergoing in response to fundamental changes in their energy markets,” says Toby Couture, director of the Berlin-based consulting firm E3 Analytics. “They’re endorsing different adaption strategies. E.ON’s seems to be the boldest, the most far-reaching so far.”

    “There’s never been such a radical restructuring in the German energy industry,” opined the national daily Süddeutsche-Zeitung. “It is courageous because it will change the company and its culture from the ground up. And it is rational because E.ON is thus acknowledging the policies made in Berlin and Brussels in recent years.”

    Actually, the surprise isn’t that one of Germany’s “Big Four,” the four giant utilities that dominated Germany’s conventional energy production and distribution until the 00s, is switching to a strategy based on green energy products, but rather that it took so long to do so.

  • BERLIN -- Germany’s biggest utility E.ON — long a pillar of the country’s fossil fuel and nuclear industry — dropped a bombshell on Europe’s business world with the announcement that the multinational was exiting the conventional energy market in favor of a new business model based on renewables, intelligent grid systems, energy management and other services. Indeed, the company seems finally to have drawn the logical consequences from the Energiewende, Germany’s renewable energy transition, after years of resisting the ambitious transformation of the nation’s energy supply.

    “This is part of a transformation that almost all of Europe’s major utilities are currently undergoing in response to fundamental changes in their energy markets,” says Toby Couture, director of the Berlin-based consulting firm E3 Analytics. “They’re endorsing different adaption strategies. E.ON’s seems to be the boldest, the most far-reaching so far.”

    “There’s never been such a radical restructuring in the German energy industry,” opined the national daily Süddeutsche-Zeitung. “It is courageous because it will change the company and its culture from the ground up. And it is rational because E.ON is thus acknowledging the policies made in Berlin and Brussels in recent years.”

    Actually, the surprise isn’t that one of Germany’s “Big Four,” the four giant utilities that dominated Germany’s conventional energy production and distribution until the 00s, is switching to a strategy based on green energy products, but rather that it took so long to do so.

  • Neo Solar Power lands orders for 400MWp of solar cells from Canadian Solar
    MOPS, December 2; Adam Hwang, DIGITIMES [Tuesday 2 December 2014]
    Neo Solar Power on December 1 announced that it has obtained orders for 400MWp of solar cells from Canadian Solar, a Canada-based PV module and PV system maker, for delivery in 2015.

    Neo Solar became a solar cell supplier for Canadian Solar in 2007, the company said. Canadian Solar's orders will account for 19% of its existing annual production capacity of 2.1GWp, Neo Solar indicated.

  • Reply to

    solar

    by jacksm78 Dec 2, 2014 6:21 PM
    johnnie_beans johnnie_beans Dec 2, 2014 6:51 PM Flag

    Now that the US is producing more oil, there is a price war going on. The Saudis are putting more on the market in the hopes of putting competitors out of business. Some of the exploration companies financed with junk bonds may not survive.

  • johnnie_beans by johnnie_beans Dec 2, 2014 5:10 PM Flag

    Solar energy is everywhere. You may not be able to dig a coal mine or oil well in your back yard, but with Yingli Solar panels you can harness nature’s highest source of power.

    The sun sends enough energy to Earth each hour to meet human energy demands for an entire year! It’s the world’s most abundant and accessible source of energy.

  • johnnie_beans by johnnie_beans Dec 2, 2014 5:08 PM Flag

    Deutsche Bank issued a solar industry update Monday and felt the recent sell-off is “overdone."

    Analyst Vishal Shah commented that “Solar stocks have lately been under significant pressure due to concerns over oil price weakness. We believe solar fundamentals are driven mostly by government policies and natural gas prices in most major markets and see almost no impact on near term demand environment as a result of recent oil price volatility.”

    Shah expected demand in markets such as the United States, India and China to accelerate from 2015 and suggested buying the following on near-term weakness:

    Trina Solar Limited (ADR) (NYSE: TSL)
    SunEdison Inc (NYSE: SUNE)
    SolarCity Corp (NASDAQ: SCTY)
    SunPower Corporation (NASDAQ: SPWR)
    Vivint Solar Inc (NYSE: VSLR)

    Shah concluded, “While all solar companies are generally insulated from oil price volatility, companies with exposure to US residential solar market (SCTY, VSLR) are likely least impacted as we do not see US retail electricity prices declining in the near term. Meanwhile, improving financing costs and greater penetration in new states could continue to drive positive demand momentum for SCTY, VSLR fundamentals, in our view.”

    As of Tuesday morning solar stocks were mixed, however, SunEdison was surging higher, trading at $21.08, up 2.13 percent.

  • johnnie_beans johnnie_beans Dec 2, 2014 11:03 AM Flag

    "You are mixing civil litigation with bankruptcy." Am I?

    There are generally 2 types of court actions; Civil and Criminal.

    Criminal actions are those types where a jail term may be imposed and are prosecuted by the State. That is not the situation in Bankruptcy....hence it is civil.

    This matter has only just begun. We do not know yet what claims or complaints are yet to be made. I do not know all the actual facts and I do not recall making any claims about verbal assurances given by anyone.

  • johnnie_beans johnnie_beans Dec 2, 2014 8:21 AM Flag

    "Consumer protection laws do not apply to companies in such transactions." I would take issue with that statement also since it can depend on the specific provisions of each states statutes. The claim by the creditors that Apple was a lender raises the standards that Apple is required to meet in this situation.

    "It is not uncommon in litigation among businesses or members of business entities to assert claims that their antagonist has committed unfair or deceptive trade practices in violation of the NH state’s consumer protection act, RSA 358-A (the “CPA”). In the context of business litigation, CPA claims have been asserted by disgruntled shareholders and partners, business entities breaking up long-standing business relationships, even by employers against employees. Business litigants like to include CPA claims because they offer the possibility of collecting double or triple damages, as well as costs and attorneys fees, which typically cannot be recovered. While CPA claims can be properly asserted in business-versus-business lawsuits, there are three important limitations on its application to such disputes that potential business litigants should understand: 1) acts and practices not considered to be “trade or commerce”; 2) transactions exempt from the act; and 3) acts and practices that fall within the acceptable “rough and tumble” of the marketplace. E. Mountain Platform Tennis, Inc. v. Sherwinn-Williams Co., 40 F.3d 492, 497-98 (1st Cir. 1994). The Act prohibits a list of specific business practices falling within its scope, and extends to any other unfair or deceptive act or practice that “attain[s] a level of rascality that would raise an eyebrow of someone inured to the rough and tumble of the world of commerce.”

    Most would agree that Apple's conduct has already raised a few eyebrows.

  • johnnie_beans johnnie_beans Dec 1, 2014 10:52 PM Flag

    "Being mean or unfair is not illegal" I totally disagree with your statement. There are laws such as consumer protection laws that make unfair and deceptive trade practices illegal. In contract law you can be liable if you breach the unwritten covenant of good faith and fair dealing. The judge can spank Apple by not approving the agreement between GT and Apple. Apparently, the other creditors are not in favor of the agreement on the basis that Apple will be getting off too easily at the expense of the other creditors.

    "Apple is not under any legal threat whatsoever". I totally disagree with that statement as well. The following could be considered the basis for potential threats to Apple:

    "The agreement needs approval by U.S. Bankruptcy Court Judge Henry Boroff, who has been hearing the Chapter 11 bankruptcy case in Springfield, Massachusetts. Holders of GT Advanced's notes, including Aristeia Capital and an affiliate of Wolverine Asset Management, said in court papers the "extraordinary allegations against Apple ... call into question the adequacy of the settlement agreement." The noteholders cited allegations that Apple breached its contract and acted unfairly as GT Advanced's lender. The noteholders also said Apple's claims on GT Advanced's equipment may be unsecured. This would put Apple among the last creditors to be paid, not the first as Apple's deal anticipates."

  • johnnie_beans johnnie_beans Dec 1, 2014 6:24 PM Flag

    "GT advised Apple that having uninterrupted power was "essential" to the facility, which was larger than multiple football fields. Any power disruptions could render sapphire being grown unusable. The company estimated that even a brief power interruption could result in losses of upwards of $30 million, and requested Apple ensure backup generators were available. Apple considered the request, but determined the generators were too expensive and deemed them "non-essential."

    There were 3 separate occasions where the facility saw power interruptions, resulting in entire production runs of sapphire boules being lost. GT estimates cumulative losses at $10 million. On top of that, GT lost important data during each of these power interruptions that would have helped it learn and improve the manufacturing process."

  • The judge has rejected the attempts to keep the agreement secret and has pulled Apple's pants down to expose their bargaining tactics. What will the judge do; will he spank Apple?

    "Apple structured this deal dramatically in its favor (more details on this later). When GT senior management expressed concerns about the asymmetrical nature of the arrangement, Squiller attests that Apple told management to "put on your big boy pants and accept the agreement."

    On top of that, Apple also said GT should "not waste their time" trying to negotiate the arrangement, because Apple simply does not negotiate with its suppliers and that other suppliers face similarly stringent conditions.

    These sound like an awfully juvenile tactics when you're trying to convince a potential supplier into transforming its entire business model for your benefit. Well, it worked."

RFMD
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