And CRUS is doing so well too. That apple premium is something for GTAT and CRUS.
Is being told they cant sell to Samsung good for business. Maybe you would like invn to give up Samsung in favor of apple??
That's right. And many people refuse to be anything than little mary sunshines when it comes to apple.
Well what has the apple deal done for the stock price??
GTAT is a maker of sapphire glass which Apple will use in its Iphone and probably Iwatch. Apple apparently has forbid them from selling to Samsung. They have to maintain a minimum level of capacity without any guarantee it will be used. And it is now revealed the gross margins from the Apple business will significantly drag down the gross margin of GTAT overall. GTAT just announced a convertible debt offering of 125 million along with the issuance of 12 million shares (about ten percent of the float). When the apple announce came the stock went up in short order from the sevens and eights to the high tens. It now trades back in the eights and many analysts are saying it will probably go somewhat lower because now the warts of the apple deal plus dilution are working against the stock. Would you people be excited if INVN were to do the same thing, give up Samsung to be an apple supplier??
Well if INVN had estimates next year of fifty bucks a share in earnings WHY WOULDNT IT TRADE AT A GRAND?? If I have positions both long and short that are relatively equal they tend to cancel each other out. Who are the holders of these short positions?? Mostly institutions that own INVN on the long side also. People look and think "oooo look at all the float held short. SHORT SQEEEZE HOE!!!" Then post here wondering "Wheres the short squeeze??" People have been posting about short squeezes ever since INVN climbed from 9 bucks a share.
It called hedging. That's why the people who talk of waiting for a short squeeze and then wonder why one doesn't happen as the stock rises crack me up.
"Ricci said Nuance had deferred certain deals with phone makers as it had been trying to hold on to its higher pricing, which was reflected in the outlook."
Just about 7 months ago people were all excited about Apple and Carl Ichan taking a stake. Motley Fool has an article titled. "Will Apple and Ichan save Nuance Communications?" Now we know the answer. I just bring this up as YET AGAIN another example of an apple supplier being squeezed. Careful what you wish for.
The YOU I am talking about are some stockholders. Show me any CC where INVN said they were altering their business SPECIFICALLY for apple. That's you and others making assumptions that didn't come true. There were a number of analysts (go to seeking alpha) who predicted the apple rumors wouldn't come true and shouldn't be counted on. What you choose to hear is up to you. Apple has a well known history of squeezing companies that become its suppliers. Apple is not the holy grail you make it out to be and that's where we have to leave it.
Wrong. Who has been tenaciously seeking apples business for invensense?? You and wall street. You have apple on your brain as android out sells apple. Apple has ALWAYS tried to come up with their own technology. Look at CRUS for a company that has a huge amount of business with apple. Its not a plus for them. China and lower priced phones right now are going to be the growth story, so are wearables for which INVN's sensors provide some of the smallest architecture around. I am not waiting with baited breath for an apple deal. Now the rumors are invensense in an apple watch. I think this acquisition puts the brakes on that.
"The MPU-9150 is a motion tracking MEMS that combines a 3D accelerometer, a 3D gyroscope from Invensense and a 3D digital compass from AKM in the same package, a 4x4x1mm LGA package.
The MPU-9150 is targeted for mobile phones, tablets, gaming devices, Portable Navigation Devices and remote controllers."
One could also take this as to mean the motion sensor market is going to be very important going forward. The INvensense system on chip architecture and purchase of ADI's MEMS microphone business position it for growth going forward.
I notice in a lot of your posts you say "tranny surprise". You also talk about your prom date. Are the two topics linked??