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GT Advanced Asks Court for Permission to 'Wind Down' Operations at Sapphire Plant
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Very highly unlikely. Traders in GT stock are speculating in tulip bulbs. This stock is intrinsically worth nothing.
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Correct.
Except that Apple isn't going to use a piece of sapphire as thick as you would find on a watch. So what you are left with is some type of hybrid gorilla glass/sapphire glass. Or use a thin, brittle piece of sapphire as the only glass, adn risk it shattering on low impact.
In my head it sounds like the Command & Conquer "Low Power" followed by the shutdown sequence sound.
I was willing to take a chance on 1000 shares when it was $16. I knew it was a risk and was prepared to lose that much if things went south. Obviously wasn't what I was hoping for, but to sell today and recoup $800 is insignificant in the grand scheme of things for me.
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NS... I did actually... realize that... he doesn't have billions in the bank... I'll be sure to label future facetious comments as such for your benefit bro ...
Who said I don't have billions in the bank? :roll eyes:
3M Corning should just buy the production operation and give the mobile market another option besides their Gorilla Glass.
No no no. There's a lot of other stuff I hate. Children, liver, traffic jams, One Direction, diarrhoea... the list is endless.
So, I guess I'm the devil then. That would explain a lot.
You hate children? You know, all of us were children at one point in our lives. Some still are. Some still ACT like children.
You hate liver? Aw man, I love liver with onions, I don't eat it daily, but it's nice to have once in a while. Chopped chicken liver salad? If it's done properly it's great. One Direction, I can understand. Diarrhea, I can understand. Traffic Jams, I can understand.
Yeah, we were all children once, but I still absolutely hate them. Obviously, I didn't hate children when I was a child, but then I didn't realise just how loud, annoying, loud, stupid and loud I was.
Almost as bad as children are parents. Or maybe they're worse as they do, after all, create the children I hate so much.
Not all kids are out of control, some are extremely well mannered and well behaved and are quiet, it's just the ones that get hyped up on sugar and have parents that don't know how to raise kids.
It's very noble of you to try and convince me otherwise, but I'm 31 and I'm quite sure that all children are vile. And I hate them.
OK, well, I'll keep any children that i have away from you so you don't blow a head gasket and become a maniac child killer. We have to watch out of folks like you, we never know what you're gonna do.
You don't know a lot about Saphire glass or basic engineering. You only need to make saohire an incredibly small fraction thicker gorilla glass to have the same impact resistance with hundreds of times more scratch resistance. Shatter resistance increases with the cube of depth so if it takes 2 times more force to shatter gorilla glass 12 than sapphire, you only need your Saphire glass 25.9% thicker
How Apple works
I used to work for a company that supplied Apple with stuff. Here's how it works; if you want to go to the dance with them, they make you jump through a gazillion hoops, purchase specialized equipment [at your expense], bring your facilities up to their security standards [also at your expense]. When they feel like taking their business elsewhere, they do.
I gotta give Apple my props; they don't nickel and dime their vendors. In fact, they pay quickly and express gratitude for extraordinary effort. If you're an incompetent screw up, it's one strike and you're out. They don't suffer incompetance.
Apple can be a tough task master, but they will reward you nicely if you can hang. If you're not up to it they will chew you up and spit you out. Sounds to me like GTAT couldn't deal with Apple's demanding nature, and are bailing.
I used to work for a company that supplied Apple with stuff. Here's how it works; if you want to go to the dance with them, they make you jump through a gazillion hoops, purchase specialized equipment [at your expense], bring your facilities up to their security standards [also at your expense]. When they feel like taking their business elsewhere, they do.
I gotta give Apple my props; they don't nickel and dime their vendors. In fact, they pay quickly and express gratitude for extraordinary effort. If you're an incompetent screw up, it's one strike and you're out. They don't suffer incompetance.
Apple can be a tough task master, but they will reward you nicely if you can hang. If you're not up to it they will chew you up and spit you out. Sounds to me like GTAT couldn't deal with Apple's demanding nature, and are bailing.
It's not now. But anyone could have bought and sold it yesterday for a nice profit. But yeah, for the future, I certainly wouldn't touch it at this point, especially with the story getting fishier by the day. Pretty sure Apple will survive, if anyone goes down, it's going to be GT, regardless of who was to blame.
For all intents and purposes, the stock of a company in bankruptcy is worthless. Even if the company survives, the equity probably will not. When a stock lops off 90% in one trading session, that's the message. That doesn't mean that nobody will buy it in the hopes of finding a bigger fool to buy it from them.
Yes so oppressive giving them $400+ Million to build out the factory and buy equipment that GT themselves couldn't. In addition their core competency as a sapphire maker was overstated as they do not have the experience to produce at a much larger scale.
Small potato company dreaming big and getting someone else to pay for the expansion only to realize they actually suck as a larger company. Sounds familiar.
Sounds like the CEO of GTAT is just lazy, maybe he needs to go into another line of work. He's obviously not hungry enough for Apple's business.
yummmmm!@!!!!!
signed, grAham agged fourty 9 and 3 quaters. its my birthday soon
Yes lazy and unqualified. Also inexperience as a CEO by bad mouthing the contract publicly. Competent companies do competent work. Clearly they are not.
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You seriously bought 1000 shares at $16??