Thursday, October 30, 2014 11:56:46 AM
As an aside, O'Keefe and Stevick were at the ASHM and they're in all those patents. Personally, I think this LQMT/AAPL relationship is extremely amicable, but of course, that doesn't mean LQMT won't get hosed in the long run, but I think GTAT was trying very hard to take advantage of that relationship and were acting just like Gutierrez acts. Good or bad, I don't think that's Steipp's m.o.
GTAT blew it as they only saw dollar signs and didn't look at the downside - at all - if Apple pulled the plug on them if Apple didn't see them negotiating in good faith. Then, as the sole mftr of it, they put all their eggs in one basket with Apple. Regardless, GTAT certainly did not look out for shareholders and screwed them all. And how could Guttierez and his posse be so far off in estimating their costs that they would have essentially, never made money on this deal (according to that article)? They just wanted a deal with Apple so they could make money on their shares on a company that didn't do anything for many years and was stagnating until Apple came along.
Thank you for the article.
Boy you been a naughty girl, you let your knickers down
I am the zombie, they are the zombies
I am the walrus, goo goo goo joob
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