Design Con 2015

Apple & GT Advanced: Working With a Hot OEM, Suppliers Sometimes Get Burned

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User Rank
Supply Network Guru
Simple - take help of law
_hm   12/16/2014 7:01:53 PM

It is very simple solution for GTAT. If Apple has done anything wrong, not contractually, but even in spirit, law can help them.

They should have gone to court.

If not, just surrentder to Apple and let them decide GTAT destiny.

Hailey Lynne McKeefry
User Rank
Re: What would I have done?
Hailey Lynne McKeefry   12/15/2014 7:25:26 PM

Thanks for bringing this up, Kvde. You are right--the CEO did sell shares--and the Wall Street Journal caught it. According to the newspaper, he made about $160,000 on that one transaction. My good name and good night's sleep is worth way more to me than that. It seems like a pittance in comparison. The SEC is after him now. In all, he and the COO made $10 million or more each. Do you think there will be sanctions?

User Rank
Stock Keeper
What would I have done?
Kvde   12/13/2014 4:50:29 AM

I would sign the agreement. Then I would sell all my shares at an inflated price. Produce smoke an mirrors at every quarterly update to keep the stock price inflated as long as possible in order to liquidate all my options. Perhaps tell other people whom I trust to go short. Announce bankruptcy out of the blue. Pass the buck to Apple and hope to get away with it all (which is exactly what the CEO did). 

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