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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (2293)	11/20/2014 4:23:20 PM
From: Kirk ©	1 Recommendation Recommended By w0z Respond to of 26710

Indeed One company's loss is another company's gain. How many times have we seen this happen? and now Apple can buy sapphire from companies with much lower costs from buying used furnaces... It is a HUGE reason I gave for avoiding GTAT too... too much dependence on a single customer is far too much risk. You can see what happened to CACS in my summary when T bought Cingular and put the screws to suppliers of telecom equipment that was doing well supplying the iPhone/Cingular network.... T had AWFUL networks too... Apple was a joke with how their phones lost calls and much of it was due to the merger where I lost a ton of paper profits... Don't trust these people (at any of these big companies) further than your urine stream...

To: Jerome who wrote (2293)	4/15/2018 3:50:02 PM
From: Kirk ©	Respond to of 26710

I hope you are OK after the huge GTAT bankruptcy... siliconinvestor.com Did you get anything for the stock or did Apple and creditors get everything? Apple's sapphire glass supplier has filed for Chapter 11 bankruptcy with plans to shut down two production plants and lay off 890 workers. The supplier, GT Advanced Technologies (GTAT), says that it's burning through an unsustainable amount of money at the Arizona plant it opened with Apple just within the last year. In addition to requesting approval to shut down that plant, GTAT has also asked that a New Hampshire bankruptcy court terminate its agreements with Apple, which it describes in a filing as "oppressive and burdensome." GTAT intends to come out of the bankruptcy by restructuring around its core businesses, including selling sapphire furnaces. It's not clear how disruptive this may be for Apple, which had clearly intended on making heavy use of this partnership to outfit its smartwatches and potentially its smartphones and tablets with this type of glass. More at theverge.com Finisar has a deal now to supply VCSEL arrays to Apple and they got cash upfront so I hope they structured the deal such that if Apple changes supplier or fails to take delivery that it isn't harmful.