Fair point. Yet, after Apple pulls out and the stock crashes what do you really expect? Maybe the old saying should be updated to say: "Between an Apple and a hard place"
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Imagination Technologies Up for Sale Following Apple Dispute
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Fair point. Yet, after Apple pulls out and the stock crashes what do you really expect? Maybe the old saying should be updated to say: "Between an Apple and a hard place"
In principle, I agree with your assessment. Business is business, and sometimes it's cut throat. There are ways to be cut throat without appearing to be an opportunist and a bully. Intentionally or not, this is the appearance Apple gives some people in this situation: Not only am I going to stop doing business with you (ruining your company), but I'm going to go ahead and completely burn that bridge by taking some key employees as a door prize. <lights match>
Is it wrong? Nope. Again, business is business. Is it the right way to sever a long standing relationship? I wouldn't do it that way, but that doesn't make it wrong either. The optics are terrible and it would give me considerable pause if I was entering a relationship with Apple. I would think it would make any company considering working with Apple take a hard look at what they think the end of that relationship will look like... even before they begin it.
Lets see if it's true.
What I don't understand about Apple is, they would prefer to hire the talent behind the company over buying the company and acquiring its IP and etc.
It wouldn't have been much of a company in the first place if Apple hadn't given it so much business
Your comment is like saying I destroyed willow glen creamery by going on a diet / I'm not under any obligation, moral or otherwise, to keep eating ice cream every day.
Best be kept in England's hands. If not, in the wrongs hands it will be moved overseas like Vertu was.
It's called good business sense.
Apple has ZERO responsibility.
Imagination threatened to sue when this news first broke out and now they're selling their company.
It would be illegal for Apple to buy Imagination at this point.
This is Apple's MO. Create very restrictive terms with their suppliers to prevent them from doing business with anyone else other than Apple then squeeze their suppliers to sell components at a loss until they go bankrupt so that the technology can be transferred to China.
Surprised Coook and his cronies aren't sitting in Gitmo as they're the biggest threat to the West.
Surprised Coook and his cronies aren't sitting in Gitmo as they're the biggest threat to the West.
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Reneging and renegotiating deals is part and parcel of business. However, this situation appears to be more than just cutting orders.
To create uncertainty in the business model of a supplier makes it that much easier to then recruit talent from that same, now troubled, supplier. Who wouldn't jump ship if your employer were looking to be heading for the rocks, even if it were to the cause of the storm in the first place?
Of course, it could be total coincidence that a number of Imagination staff have been recruited by Apple…
Where do you live where slavery is gone? Here in the US medical care is so expensive that health insurance is requires by law. Companies decide how much insurance to offer, and keeping it is depended upon maintaining employment. Lose your job and you have to pay for that insurance out of your own pocket. Else the government get to tax you further into poverty.
They only part of slavery that is gone is the name.
PowerVR technologies are used in dozens of products other than Apple's. None of them provide as much income as Apple's is all, meaning the company can't survive in their current state without Apple's revenue. But it's not because Apple wouldn't let them sell the tech to anyone else.
Uh no. Let's try to be a little less cavalier with that term as if what you're describing can even be equated with slavery. What you're talking about is company benefits, employment, paying your own money, and taxes. Things associated with a job. A grand total of none of those things are associated with slavery.
Yes. It's sad. It happens all the time in every industry. One company outgrows it's vendors and seeks othe options. The thing is, a company had to make strategic decisions all the time so as not to end up in this predicament.
The company I work for has been in Imagination Technologies position twice before, though obviously never to such an extent as they pulled through both times. The result is a culture that's very averse to putting more than one egg in any particular basket. Which of course causes its own set of problems.
It's noble that they want to keep the company intact by getting bought instead of doing heavy layoffs to stay afloat.
Large power comes with large responsibility.
Even beyond that, corporations talk about doing philanthropical things to communities. Why not do the same to their own team (supplier)?
It's very easy to criticise companies like Imagination for being over-reliant on Apple, but what's the alternative? If Apple wants your technology, of course you licence them and try to find other customers, but you may not find them, so you think, 'OK, at least I have Apple.' Apple is always posturing as a socially-responsible, caring company and I think it's time they lived up to the image they're trying to project.
PowerVR GPUs were what powered handheld graphics for years before Apple made a phone. Without Imagination Tech, the iPhone would not have been as competitive.
It's sad that a company that helped Apple is in this situation.
Still, while losing Apple now is a big deal, it normally would be survivable. However, it's a different matter with Apple poaching their employees. Apple has done that to small employee firms before and caused their collapse.
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