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GT Advanced COO: Apple Told Us 'Put On Your Big Boy Pants and Accept the Agreement'
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I think most people here would disagree, and anyone in big business wood laugh at what you are implying.
So what you believe is, Apple's intentions were to give $500 million to a company and purposely do everything they could to make them fail??? That's absurd!!!
Ya, I read it, and I don't for a minute believe these crooks! Most people won't!
The SEC has questions as well?
Apple wanted to give $500 million to make themselves look like bullies?
Apple is known for setting terms and not negotiating. They have enough clout they can do this and get away with it. Folks are free to sign or not. It's the way they have done business for years and its a not so secret secret. Heck Tim Cook was probably the one that created that part of the business when he was in charge of supply lines as COO
Just go and lie down for a while, take a chill pill, I'm sure Apple will be okay, this is really tough on them though.
I feel like this just makes GTAT look worse. They ran into a bad contract hoping that things would work out. When it didn't they tried to get Apple to help them through it. Apple wouldn't, they went bankrupt, and now they're whining that Apple was 'mean' in the negotiations. All I have to say is wah, welcome to the business world GTAT. Learn how to compete and maybe you wouldn't have filed for bankruptcy.
So, the whole argument at this point is that Apple did everything in their power to make sure that GT failed? Because that would benefit Apple how?
GT got greedy. Instead of actually looking at the deal for what it was, they looked at the $$$ and decided the risk was worth it, without even thinking about some of the consequences.
Look, if you tell any large company the size of Apple, that you can do something. You'd better be damned well sure that you can do it, no matter how much money they throw at you. If Apple did tell them to "put on their big boy pants", GT should have done so and said "no deal".
GT got greedy. Instead of actually looking at the deal for what it was, they looked at the $$$ and decided the risk was worth it, without even thinking about some of the consequences.
Look, if you tell any large company the size of Apple, that you can do something. You'd better be damned well sure that you can do it, no matter how much money they throw at you. If Apple did tell them to "put on their big boy pants", GT should have done so and said "no deal".
Ya, I read it, and I don't for a minute believe these crooks! Most people won't!
The SEC has questions as well?
Apple wanted to give $500 million to make themselves look like bullies?
What are you even talking about anymore? Do you even understand what we're talking about, or are you just blindly defending the company who makes your smartphone?
Thank you, *******s always like you always want to get personal when someone disagrees!
I'll go back to school now professor!
Auto correct sometimes does the misspellings for me, but I'll try to pay more attention for you!
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I agree with this. If something doesn't feel right with a deal, just leave it. I think those terms were too much for such a small company. Sure, it's Apple. But they could have used another company to use their furnaces.
True. but there is zero proof that Apple required this rather it being as it seems, their decision to focus on the deal with Apple. They screwed themselves by not having a backup plan. Something Apple is always careful to have when they include terms in all contracts that they can go to other providers and aren't obligiated to buy materials that dont meet certain standards.
Ya, I read it, and I don't for a minute believe these crooks! Most people won't!
The SEC has questions as well?
Apple wanted to give $500 million to make themselves look like bullies?
You've missed the point because you're basing your opinion on them at what they did at the endgame.
Are you suggesting they entered into the agreement with a plan to make millions by destroying their company?
Isn't in possible that everything they said happened as is - and as a result, they made some very poor decisions?
People need to keep in mind GT is not a big company at all. Most likely they did not have the resources to secure a backup plan.
He's right. GT would have you accept that Apple went out of their way to make sure the deal would never be completed? Where is the upside for Apple in that? The only outcome from this would be to make sure that other companies assume that Apple is using sapphire screens and try and switch to match them, and spend a lot of money to do so. But even then, how does that benefit Apple? They still spent $500 million to make the deal.
uhm are you blind? this article states that GT agreed to one thing, Apple started changing terms and screwing around. Then GTs options were either to keep going and hope things work or exit which would have cost them tons of money.
i like apple but god damn are you a fan boy.
Apple weren't evil. It's a bad decision by GTAT end of. They had the opportunity to not sign the contract. No one held a gun to their head.
They aren't Apple. And quite frankly - I don't think many businesses are in a position to pull a power play with Apple. If Apple suspected they were working on negotiations with another vendor, I'm fairly confident that Apple would have just walked.
For the record, based on the available news I believe the blame rests on GTAT for failing to meet quality benchmarks due to their faulty Sapphire furnaces. They are a typical American business that produces low-quality goods due to a tunnel-vision focus on short-term profits. GTAT deserves to go bankrupt - though I feel bad for all the hourly employees who are now shafted as a result of incompetent management. Notably, incompetent management who are rewarded with millions of dollars in pay and bonuses, whether they succeed or fail.
However, it's also true that Apple bullied GTAT rather badly, as they do all of their suppliers. My guess is that what works in Asia doesn't go over so well in the USA, where white business executives are not used to being treated like sub-human slaves. Just a hunch