Cook isn't the one who has been saying that.
The one that
has been saying that has apparently sold
ALL of his Apple shares. The point though wasn't really about whether that's good or bad. The point was that finding fault with this GT CEO selling shares to imply "shyster" vs. Apple execs selling shares while touting such spin. In other words, I can't automatically convict the GT CEO because he turned shares he owned into cash- just like these Apple Execs have been doing.
But as soon as the scenario is flipped- as soon as one proves that Apple's execs are regularly selling Apple shares- many jump to the defense to spin that as "normal"- which it is- but it's just as "normal" for other company execs to sell shares too.
Cook isn't the one who has been saying that.
Ugh. No. The exclusivity agreement is with consumer electronics. Apple required GTAT to be able to provide a certain amount of sapphire and required GTAT to sell Apple as much of that sapphire as Apple wanted. If Apple did not want to purchase all the sapphire GTAT made they were free to sell the remainder for any non-consumer electronic use.[/QUOTE]
I haven't seen the agreement. Have you? Please post it if you have it.
Otherwise, I speculate on cause and effect. Apparently, Apple withholds an expected $13X million. A few days later, the recipient that expected that money files bankruptcy. I'll grant it could be coincidence because I am not inside either company (are you?), nor have I seen the agreement (have you?). However, if you are also in the dark about the agreement and are not inside Apple or GT, then you should grant that any other speculation is at least as good as your own.
And if the engagement is as you described and GT did make a bunch of panes at 4.7" and/or 5.5", to whom could they quickly sell those panes to make up for that $13X million loss of cash? OR, if they owned a bunch of machines built to make panes of 4.7" and/or 5.5" Sapphire, the "anybody else" would need to want panes of Sapphire at those exact sizes & specs. Else, GT might need another investment of money to retool machines to make Sapphire for these "other customers".
Again, it's speculation. I don't know. But I doubt you know anything more either, nor does all the other people speculating in this thread.