Henry Termeer is a big shot. He was former CEO of Genzyme that got sold for 20 billion.
If you read bio's of rest of the BODs, they all come from impressive background.
I am shocked that this is all happening under such an outstanding BOD. I just hope BOD will find a way out of this mess.
BTW chances of anti-trust issue is almost zero since CRUS is not a dominant player
The more I think about Apple and Cirrus, it makes more and more sense.
Here are the reasons it makes a whole lot of sense
1. Audio is so central and vital to all the products that Apple makes. It is in all products they make - pcs, ipod, iphone, ipad
2. They can immeditely eliminate other suppliers
3. They can save hundreds of millions of gross profit that audio suppliars make by selling these chips to apple.
4. Apple gets to control the Audio chip design and development. They can throw in hundreds of millions from their their billions and absolutely make the greatest audio chip on the planet
5. Apple has more control over supply chain
6. Apple get valuable, talented employees and all IP associated with Audio Chip technology
7. This will cost pocket change for Apple (probably 2% of their cash)
probably returning from NYC with hero's welcome!
Assuming that there was no short covering at least 35% of people have exited today
How in the world is analysts new numbers so much off their previous numbers? on just 5-6% drop on GM?
It is very depressing.
Nice job CEO!
now the carnage is done?
That will be so typical of greedy corporate America
rip off shareholders.
While insiders and wall street crooks get rich.
What are you talking? both of my other gold miners are up
IAG, KGC
Granted 8K was filed in wee hours today. But how many investors wake up at 4 and check for 8K?
So before most investors get to read 8K, this so called 'presentation' was made to these crack addicts, manipulative anal-ysts.
Company could have warned yesterday, so investors would have had enough time to react.
How is this FAIR?
You are making too many assumptions even before applying PE multiple.
How do you know GAAP earnings before would have been $2.00? Also how do you know that when they decreased by 7% before, part of that 15% was not accounted for?
2014 estimates are just a crapshoot estimates. Its like predicting weather 1 year out.
Bottomline is no one knows, not even CEO.
Yep
Samsung, Toshiba, Sony, STM many foreign cos. will be interested.
$30 per share will be reasonable
Many will be interested
Samsung
Toshiba
STM
only owns 23K shares? according to Yahoo? with 1 million salary?
WOW
If regulators want fair treatment to shareholders All the public company CEO's 80% of the compensation should be required in stock!
How come these things are always revealed to crack addicts first?
What kind of service is company doing to its shareholders by doing this?
GMs are like crack for these stupid, MBA type analysts. They pull the trigger as soon as they hear decline in their crack supply.
Is mid 40s GM not good enough for these addicts? What is Apples GM? 37%?