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Sunday, 11/09/2014 9:59:50 AM

Sunday, November 09, 2014 9:59:50 AM

Post# of 41703
Docket #464, page 6, #8.
https://www.kccllc.net/gtat/document/1411916141107000000000005

"In an effort to bring more sapphire to Apple's customers and save jobs in the Mesa facility, Apple is willing to work with the Debtors to negotiate a mutually-beneficial arrangement. In connection with the Debtors' professed desire to exit the sapphire materials business, Apple is willing to consider facilitating a transfer of the operations of the Mesa facility to a party other than the Debtors. However, prior to undertaking assumptions of complete operations, Apple has requested a 90-day period during which it will validate the viability of the Mesa facility to produce sapphire for Apple products. This 90-day period would be economically neutral to Debtors because Apple would (i) agree that the Debtors can implement the Wind-Down Procedures, modified to accommodate the limited testing required by Apple (ii) pay the Debtors incremental expenses resulting from operating a limited number of furnaces to be used in the testing and (iii) agree that to the extent that Debtors' contracts with Apple eventually are rejected, any such rejection will be nun pro tunic to the Petition Date, thus allowing the Debtors to avoid any administrative expenses that would otherwise arise from their failure to reject contracts with Apple now..."
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What do you guys think? Sound good or just another ploy from Apple to use GT as a test bed for their plant while they look for another party to take over?

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