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Re: Watts Watt post# 61099

Thursday, 10/30/2014 10:26:58 AM

Thursday, October 30, 2014 10:26:58 AM

Post# of 232594
I bet LQMT's agreement with Apple is just as one sided as GTAT's agreement with Apple. Previous "secret" information is being revealed in the GTAT bankruptcy court proceedings.

http://www.forbes.com/sites/chuckjones/2014/10/30/did-gtat-just-have-bad-management-or-did-apple-do-them-in/?partner=yahootix

When reading through the document you alternate between trying to figure out why GTAT management struck the deal that it did and that Apple is not just a tough negotiator but one that only looks out for its interests. The filing from Daniel Squiller, GTAT’s Chief Operating Officer, is only 22 pages long but it contains a great deal of information about what lead to GTAT’s demise.

In the end there is plenty of blame on both sides. GTAT obviously was willing to agree to anything and Apple was smart enough to take advantage.



The original court document:
https://www.kccllc.net/gtat/document/1411916141028000000000004

No wonder Tom Steipp is so careful when asked about Apple!


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