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Xena
Where is your chart analysis now
Ever tech company I have worked at gave incentives to engineers to apply for patents. Really push to increase the count of patents...
Here is an interview from an ex CEO of Anobit, this was a company that was a supplier to Apple and Intel and was aquired by Apple. He compared the company cultures.
Now I worked at Intel and they are the cream of the crop for culture in semiconductors. I would think GTAT is no where near Intels level of execution and expectations as a culture. That being said it would be easy to see how Apple and GTATs expectations were way apart on delivery...
http://www.macrumors.com/2013/01/09/former-anobit-ceo-discusses-acquisition-by-apple-contrasts-cultures-of-apple-and-intel/
"While Intel engineers are given assignments and are rewarded for ingenuity and creativity, he said, it's a given at Apple that engineers will be at the top of their game. "At Apple, you have to run ahead just to stay in place, and there are very high expectations of everyone. Apple expects everything you do to be amazing.
"That is not the case at Intel, where no one expects you to be 'amazing'," said Maislos, although Intel does reward those who give their "A+ game".
Maislos went on to note that Apple is extremely focused on its goals, demanding much more personal excellence than Intel or perhaps any other tech company.
The ignore feature really makes the board much more readable and filters the noise
"Actually, insurance won't cover negligence. Apple was negligent in not supplying industry standard backup power supply. "
Don't you think the insurance company would set the premium based on the risk. They are in the business of risk management. Heck I get questions on my house insurance about doors, alarms, fire extinguishers, ect. I really think an insurance company that serves this market would ask questions of back-up power and adjust coverage / premium based on the answer.
I can't tell if you are really not technically literate, try to deceive for your own interest of just ignorant ( not trying to be condensing) I come from an engineering background I cringe with some stick their toe in the water and try to understand technologies. I guess kudos for trying to understand, but if not an expert on a topic i keep my opinion to myself, and ask questions to further my understanding
I'll lead you to some water...does foxcomn make their own glass or lcd screens for current displays.....
Top 15 solar players in India
http://electronicsb2b.com/?p=40501#
Recent article but revenue numbers from 2012-13
Do you read the article to read Rs 700 for just solar or the entire Waaree group
http://www.waaree.com/About-Waaree
Group Companies
Waaree Energies Ltd.
Established in 2007, we are one of India’s most diversified and fastest growing solar power solution company with a presence across the solar power value chain. As one of India’s leading solar power companies, our facilities comprise of a 250 MW PV module manufacturing plant in Surat, India.
CESARE BONETTI S.p.A.
A world leader in the manufacturing of Level Gauges and Valves, with an existence which dates back to 1905, WAAREE has recently acquired 100% stake in CESARE BONETTI headquartered in Milan, Italy.
Waaree MM Petro
A joint venture between WAAREE Group and a European LPG System - Waaree MM Petro from Poland. The joint Venture came in to existence in August 2008 to cater the LPG System demands in the Indian Subcontinent.
Waaree Retails Pvt. Ltd.
We offer a large range of Industrial Products and solar products which are available to customers through a wide chain of retail outlets and an online sales E-commerce web portal WAAMALL.
VT Energy
Tie-up with VT Energy , Italy for various EPC projects/Tenders of Solar PV Plants. VT Energy is a renewable energy a division of VT Telematica, a leading Company in the ICT market.
Thank you!
Baffling the miscue on continuous power. Apple is not in the process mfg business but they rely on many semiconductor suppliers that had to have power interrupt issues that caused delay of chips..this is really a no brainier. The sapphire probably requires tight temperature control ( heat / cool ) cycles. This is just pure ignorance. They contract shows they are risk adverse why they accepted this risk was a poor choice.
It tells you apples strength and weaknesses, too bad they can't value expertise from the experts when they are clearly not...arrogance ?
Intersolar Merlin presentation. I looked at the conference website, agenda, and list of exhibitors. Now that I did this I don't think we will hear any news from this. I've presented myself at these type of conferences in the semiconductor industry. It's not a news event more of a technical forum. really any company that applies and gets selected can present.
Look at the topic, it was 30 min. It's more about showing a presence in the solar industry and illustrating technical knowhow.
Merlin: A Novel Engineered Interconnect for Solar Panels
I don't get how you come up with that opinion...do you really follow this stock and company
Signed....you should have wrote "Equity holders put on your big boy pants". Haha
Do you have any information that indicated waarree solar size in $ rev?
Any news on Merlin presentation today
Preserving Equity Statements?
Im looking for any quote from the company that indicates the desire to preserve equity (stockholders) value (shares). Have there been any...I thought at the time of BK TG said something to the effect of shareholders.
Been reading a lot of other BK companies EXIDE for example....Getting a little nervous...we all want news...but good news!
I agree, no risk...no reward...
I Yeah there was a big deal on their accelerometers after the iphone 6 breakdown. I bet their in a bad place as well as a supplier. The one supplier that I think could speak up for Apple and probably has some leverage ( I have not researched to validate) is ARM. I'd like to see a bidding war break out there...many companies rely on them...Intel would get into mobile if the bought....it would be interesting
Ironically I just sold my stake in INVN to get another 10k shares of GTATQ today
It was my wearables investment
WSJ- I was able to read without subscription...
http://blogs.wsj.com/riskandcompliance/2014/11/17/crisis-of-the-week-apples-response-to-gt-advanced/
The crisis experts this week were tasked with parsing statements made by Apple Inc.AAPL -0.17% related to its court fight with GT Advanced Technologies Inc.GTATQ +7.47%
Agence France-Presse/Getty Images
GT said it was forced to file for bankruptcy after a deal to provide sapphire for Apple devices collapsed, and GTAT’s chief operating officer, Daniel Squiller, accused Apple of engaging in a “classic bait and switch” strategy. Apple denied tricking GT Advanced, and pointed out it lost $439 million on the deal and never received any sapphire material. Apple tried to keep GT’s bankruptcy filings under seal, but a judge ordered they be made public. The Wall Street Journal was among the groups asking the judge to make the filings public.
Andrew Hennigan, communications consultant: “What is perhaps the most significant lesson in this case is what Apple did not say. Outside of the GT bankruptcy filings that have been made public, Apple has apparently said very little about the issue. This is probably a deliberate choice. Apple is addressing a complex landscape of stakeholders with different interests: GT shareholders, Apple shareholders, Apple suppliers and the broader community. There is little that further public announcements could do to change the opinions of any of these stakeholders, and by limiting their comments Apple avoids fueling the story.
“In their response to Daniel Squiller’s declaration, Apple notes ‘Defamatory statements about the manner in which Apple treats its suppliers would make it more difficult for Apple to deal with suppliers in the future.’ I doubt that any supplier to Apple or any other company of that size will be surprised to learn that Apple is a tough negotiator. Potential suppliers will learn to be more cautious in the future when they negotiate contracts, and their investors will seek reassurances and analyze potential major orders more critically.
“The broader community of Apple customers is unlikely to pay much attention to the case because the complexity of the story makes it a difficult to cover in mainstream media. In this scenario, the less Apple says the better.”
Vincent Schiavone, executive chairman, Listen Logic: “Apple has long been criticized about its lack of openness to the press and financial analyst community. While this is improving under the leadership of Tim Cook, Apple is in fact quite ‘buttoned up,’ disciplined, deliberate and in control in their communications. This serves them well in times of crisis. Our analysis of social and online media signals indicates that the public, press, financial community and government officials do not consider this a meaningful event, much less a crisis for Apple.
“What Apple did right: Apple did not enter into a public debate with an attacker. Engaging gives the accusation credence and the larger company’s response is bigger news. Ignoring GT as they blamed Apple for their deal was an effective way to minimize the importance of GT’s claim. Apple let the facts speak for themselves and the court filings and disclosure of facts were in Apple’s favor. Apple did not publicly complain about their loss: hundreds of millions of worthless ovens; hundreds of millions invested in the plant; no sapphire for their products.
“Apple did not get everything right and no company can get it all right all the time. The key lessons Apple and all large enterprises should learn from the GT crisis are: Desperate companies and individuals may do and say very bad things when they are in trouble, regardless of consequences, if they believe they have nothing more to lose. Confidentiality, disclosure and performance penalties do not matter if an individual bankruptcy judge decides to allow disclosure. Prepare for crisis when private business secrets are exposed.”
Anthony Johndrow, chief enterprise strategy officer, Reputation.com: “Apple finds itself in a similar position to any business today–something is being said about them that they perceive to be untrue and not reflective of their real reputation. Like every business, Apple has a right to both engage in this conversation and to ask others, who may have a more positive or neutral opinion of the company, to weigh in as well. In their response, they do not appear to be doing what they need to do.
“First, they’re (ironically) forgetting the ironclad rule of the Internet age–information is forever, cannot be hidden, and will be found–rendering this entire legal attempt to bury the supplemental Squiller declaration moot. Second, they do nothing to address the core idea this raises: that Apple is a bully. If they do not see themselves as a bully, then they have three options: 1) Lawyer-driven: bury and deny. 2) PR-driven: publicly refute with evidence. 3) Reputation-driven: ask others to speak out on their behalf. Option 1 is what they appear to be doing, maybe some of No. 2, but No. 3 is what they really need, ASAP.”
I have other investments into wearables..some tied to Apple as welll...kinda small companies....I hope a better outcome from them.
I guess I need to read more I don't see gtat as the Amat of the sappfire industry. And also the total market reven size.. Each of the potentials are still that, hopfuls waiting for applications or acceptance of actual equipment to produce a product.
I'm long,....just thinking long will be long, not short term :) I hope for a bump soon, and gradual positive performance that is translated into revenues
I didn't say I agree with the technical deadend.. But I was an engineer in semiconductors who did process development. I just said I'm open to that thought. We don't have a viable product yet...bottom line ( quality, produced at competitive price, offers technical advantages, does not add technical disadvantages, has a stable mfg process, reliable cost and mfg cycle time, quality control) ...yeah I bet lots of work to do for a company not having the strength of mfg process type products.
I'm long, im in looking at the upside. I just think sapphire is still not very mature for this market
http://time.com/3377972/why-apple-didnt-use-sapphire-iphone-screens/
Here is an old article that suggest reasons why sapphire was not used in the iphone 6. While I believe that the manufacturing process and possibly the larger furnaces were not mature enough...there could be other reasons sapphire is in the end not a good material for displays. I have to keep an open mind that Apple discovered sapphire was technically a dead end path.
It does not matter, the game is on....always.
I have no reason to lie...in fact if anything I could have shorted and predicted this. I was offered a job in mesa that fell apart for leadership changes....I could have made a fortune. I hope it does well...I just try to see all sides...I got a lot of shares long banking on this bogus bk
I'm long several thousand shares....I hope it goes up. I'm just a thinker and look at alternate views...go longs. I read and listen more than I write
I lived in phoenix during the housing market burst.,,,I could walk neighborhoods and see sharriff notices on door to door. The problem investors bought the properties and lost their ass....not owners.....not owners...we have traders here but not owners...
I say your wrong...all is priced in
And we all get a cookie...look at the movement...,being right is worth what
I hear you, trust me, I want a positive outcome...i place my money in a long position and want to see gtat shares grow, I was just reading. Comments on seeking alpha about apples bond offering....in euros....good discussion there...made me think Apple is disiplined....seeking shareholder value. Coupled with the foxcom stuff..made me wonder. Someone suggested public perception it supplier perception....if Foxconn didn't change it this won't . And have no i pace on Apple. It's more about gtat than apple considerations in my mind now. I see people want to believe in a white knight in Apple or something along those lines...I don't see it. But I do think gtat recovers...
OT why do people refer to this stock as gtatq$$
I'm just testing the thought of Apple as a nice citizen....while not worse then others...following the status quo does not make it right....
Here's one article. While I want a jump in share price....I can't see how the poor gtatq situation for reputation compares to an actual supplier of real Apple revenue parts with real issues compared to a contract over developmental items with a plan b ( go with Corning) . If Apple did not cave to iphone 5 actualproduction and support Foxconn, why would you think their would be a great relief from them on a item that never generated revenue and is ....optional ...its a feature...not the product...Foxconn made the product.
http://www.cnet.com/news/riots-suicides-and-other-issues-in-foxconns-iphone-factories/
How did Apple respond to suicides and bad press on labor conditions in China....litmus test to how they respond a " bad contract". Not the same order of magnitude ....the copy past and safari keeps crapping out on my iPad i cant post links to the historical Foxconn issues....but it does not seem like deaths affected apples response much more than a propaganda response. I'm grossly overstating this and im long gtat and Apple ...but that's not a good look at how they respond
I'm not sure the grinch thought holds water to deaths bandaided with a review and safety nets. I don't fully understand all they did,..but it took deaths to cause action....
If the market is effiecient why expect a great move either way...unless some crazy news
I don't see the scenario this way. GT was not a mfg of supplies....they had no expertise and understanding of process control, mfg cycle times, common mfg performance metrics. The Management reviewed the risk as best as they understood (read naive), and entered into an agreement they signed on to do.
1. They overestimated their technology
2. They underestimated building a mfg environment ( its just not tools in place)
I would say apple gave them enough rope to hang themselves....but not desiring that outcome and GT Management FAILED. After they knew they failed they sold shares to protect themselves and now this action on the backs of shareholders and employees. How could you trust the GT Management Team again to make sound decision????
I should have shorted in March...I actually had a job interview at the Mesa plant for a Senior Position in Quality...after a few weeks I was told that there was a leadership change and the req was pulled....Dang I'm lucky Im not working there now...I was close!!!
Counter to that I'm told they were the number one customer to SRP (Local elect co)....They were doing something with the furnaces...not idle.
I think the companies came together in good faith, GT naively overstated their capabilities, APPLE built in protections probably from past experience
Last I would say some industries have different standards expectations. I've worked at many SEMICONs and seen these shift based on the core customer base. I'm also guessing Apple and GT had a different understanding of quality and meeting commitments. ...if anything GT could have learned to become more world class in mfg.
In the end a bought a few shares today as my lotto tickets to see what happens, I hope things work out for all parties and the employees
I actually interviewed for a quality position in early this year... Then req was cancelled, I was told it was due to a change in leadership....at the mesa plant. I should have shorted then, I'd be rich.
Damn, I knew from the stuff going on with job reqs in mesa there was issues.....I should have gone all in
Management is not good. They. Are not a supplier of materials....they don't know mfg. they got over their heads, agreed to things they were naive about and now think Apple was overbearing. It's that they were naive in mfg....period. They took a poor chance and underestimated the challenges, even if profitable without Apple they took poor choices