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In this episode of M&A Talk, we'll learn how Greg Knight took control of GT Advanced Technologies, moving from bankruptcy to a $441 million exit in five years. Walk along with us during Greg's entire journey from taking over the company after it emerged from bankruptcy proceedings, to how he created a vision to turn the company around, managed cash flow, scaled the company, and managed all the stakeholders – from the board to the employees to the hedge fund investors. Join us for this turnaround story. View the complete show notes for this episode. Learn More: Reducing Concentrations of Risk Before Selling Your Business Strategies for Maintaining Confidentiality Additional Resources: Download a free copy of The Complete Guide to Selling a Business Are you selling a business? Schedule a free consultation now.
Fresh record highs for both the S&P500 and Nasdaq ahead of the Jackson Hole Economic Symposium tonight AEST - Dow up +39-points or +0.11% 35,405.5 and ~0.62% shy of its all time closing high (35,625.40) set on 16 August. The broader S&P500 edged +0.22% higher to 4,496.19, logging 51st record closing high this year and matching the greatest number of closing records to this point in a calendar year since 1995, according to Dow Jones Market Data. Financials (up +1.21%), Energy (+0.72%) and Industrials (+0.60%) leading seven of the eleven primary sectors higher. More defensive sectors underperformed for a third straight session, with Health Care down -0.26%, Real Estate -0.18% and Consumer Staples -0.10%. The Nasdaq +0.15% to 15,041.85, recording its 30th record closing high of 2021. Chipmakers were buoyed a Wall Street Journal report that Western Digital (+7.8%) is in advanced talks to undertake a US$20B merger with Japan's Kioxia Holdings. Nvidia Corp rose 1.9% following news that the Department of Energy will run its new supercomputer on the company's computing platform. Micron Technology gained +2.%. The small capitalisation Russell 2000 +0.37%. Elsewhere on the merger and acquisition (M&A) front, ON Semiconductor Corp (down -0.21%) said it agreed to acquire GT Advanced Technologies for US$415M in cash.
Fresh record highs for both the S&P500 and Nasdaq ahead of the Jackson Hole Economic Symposium tonight AEST - Dow up +39-points or +0.11% 35,405.5 and ~0.62% shy of its all time closing high (35,625.40) set on 16 August. The broader S&P500 edged +0.22% higher to 4,496.19, logging 51st record closing high this year and matching the greatest number of closing records to this point in a calendar year since 1995, according to Dow Jones Market Data. Financials (up +1.21%), Energy (+0.72%) and Industrials (+0.60%) leading seven of the eleven primary sectors higher. More defensive sectors underperformed for a third straight session, with Health Care down -0.26%, Real Estate -0.18% and Consumer Staples -0.10%. The Nasdaq +0.15% to 15,041.85, recording its 30th record closing high of 2021. Chipmakers were buoyed a Wall Street Journal report that Western Digital (+7.8%) is in advanced talks to undertake a US$20B merger with Japan's Kioxia Holdings. Nvidia Corp rose 1.9% following news that the Department of Energy will run its new supercomputer on the company's computing platform. Micron Technology gained +2.%. The small capitalisation Russell 2000 +0.37%. Elsewhere on the merger and acquisition (M&A) front, ON Semiconductor Corp (down -0.21%) said it agreed to acquire GT Advanced Technologies for US$415M in cash.
Apple is known for consistently maintaining a smooth-running global supply chain. But every once in a while, something blows up. That's what happened in the relationship between Apple Inc. and GT Advanced Technologies, which was contracted to supply sapphire for the new iPhone 6 screens. The deal carried enormous promise, not least because it involved manufacturing in the U.S. But it quickly went sour. Despite the existence of seven separate contracts, GTAT was unable to deliver on Apples demands. The reason for the failure? Depends on whom you ask. But the outcome isn't in dispute: the two parties descended into acrimony and expensive court proceedings, and GTAT ended up seeking protection under Chapter 11 of U.S. bankruptcy laws. On this episode, attorney Sarah K. Rathke, partner with Squire Patton Boggs, offers her perspective on what went wrong between Apple and GTAT. And she details the lessons to be learned from that disaster, with tips on how other manufacturers and suppliers can avoid a similar fate.
A few months ago there was a lot of press about the business relationship between Apple and GT Advanced Technologies, which has become a great example of a supply chain relationship that went wrong. Are these types of supply chain disputes common? What is the root cause of these disputes? How can the legal team help companies create highly-collaborative ... Read moreLegal Advice on Developing Successful Supply Chain Relationships The post Legal Advice on Developing Successful Supply Chain Relationships appeared first on Talking Logistics with Adrian Gonzalez.
More Than Just Code podcast - iOS and Swift development, news and advice
This week we discuss the arrival of Apple’s WatchKit addition to iOS SDK. We follow up on the relevance of Technical Job interviews and also on GT Advanced Technologies vs Apple. Aaron’s pick is Atlantic.net and Jaime has another proud papa moment discussing the Target In Store app by his former employer, Point Inside. Tim’s pick on the additional levels added to the award winning Monument Valley app, evolves into a discussion about buyer’s perception of value and the challenges developers & publishers face.
More Than Just Code podcast - iOS and Swift development, news and advice
This week we discuss the fate of sapphire manufacturer GT Advanced Technologies and dealings with Apple. We also discuss the exaggerated rumors of developers choosing to go android first and Guy Kawasaki's choice of smart phone. We discuss Apple's iMessage deregistering tool as well as rumored iOS exploits. We follow up on iOS 8 adoption at 40%, reduced review times and Xcode bugs. This week's picks are Post-It Plus and Ben Heck's video series on building an Apple 1.
This week: the iPad Air 2 reviews are in, and not everyone’s in love; Cult of Mac spends a day with Apple Pay; Yosemite and iOS 8.1 Continuity blows. our. minds; a potential cure for the painful #6PlusPinch; some welcome changes rumored for Beats Music; and we wrap with our favorite movie trilogies of all time in an all-new Get To Know Your Cultist. Thanks to Lynda.com for sponsoring this episode! Lynda now has over 3000 high quality video courses taught by instructors who are experts in their filed. Lynda.com will help you master virtually any application, whether you’re a beginner, novice or, pro, all on your own time and at your own pace. Learn all you want for free for 7 day with a free trial. Try it now at Lynda.com/CultCast And Smile Software. TextExpander touch 3 for iOS saves you time and effort by expanding your short abbreviations into full blocks of texts, code and more. Plus now includes a custom keyboard so you can use your abbreviations in any iOS app, including Mail and iMessage. See it in action at smilesoftware.com/cultcast We also want to give Kevin MacLeod at incompetech.com a huge thanks for all the great music you hear on today's show. Links to this week's stories Early reviews of latest iPads praise new hardware, but wish for more Read more at http://www.cultofmac.com/300493/ipad-air-2-ipad-mini-3-review-roundup/#6pJpRhGHdP6q3Lhi.99 Malt Wossberg "They are, in most respects, the best iPads ever made. But for average users, they represent only a modest evolutionary improvement over last year’s models, not the kind of big change that the first iPad Air or the Retina display iPad mini did last year.” The Verge called the iPad Air 2 “a monumental achievement in the field of iterative improvement,” Cult of Mac’s day with Apple Pay Read more at http://www.cultofmac.com/300229/cult-macs-day-apple-pay/#rsLHeQbEOR3TDLzL.99 Leander will be shopping around San Francisco. Alex is testing Apple Pay in the backwoods of Kentucky. Buster sputterered around Phoenix in search of a burrito shop with Apple Pay Everything you can buy with Apple Pay starting today - buster Read more at http://www.cultofmac.com/300227/thing-can-buy-apple-pay-starting-today/#a7GRq10844WDRRFe.99 Continuity features we love Sms relay Call relay Hotspot iCloud Photo Library New iOS 8.1 features you need to know Read more at http://www.cultofmac.com/300128/new-goodies-youre-getting-ios-8-1-today/#96Ar48bKpjTH5YfI.99 This store will enlarge your pockets to fit your new iPhone 6 Read more at http://www.cultofmac.com/300208/store-will-enlarge-pockets-fit-new-iphone-6/#FeQi21lFPLLXYmyi.99 Apple and GT Advanced Technologies amicably part ways Read more at http://www.cultofmac.com/300481/apple-gt-advanced-technologies-amicably-part-ways/#PlKmvR6sp1hR6wrZ.99 GT Advanced Technologies and Apple have reached an agreement that will see the two companies amicably parting ways, GTAT filed for bankruptcy and that it would work to preserve the sapphire plant in Arizona and the jobs it created, but lawyers for GTAT say the deal allows it to wind down operations at the plant and pay incentives to employees Apple aiming for $5 Beats Music streaming subscriptions - luke Read more at http://www.cultofmac.com/300223/apple-aiming-5-beats-music-streaming-subscriptions/#2AUmM0ZTzLIw5kQQ.99 Having helped pioneer the concept of the $0.99 music track on iTunes, Apple is now trying to bring down the price of streaming music. According to a new report published by Re/code, Apple is pushing music labels for extensive price cuts that would bring the cost of a Beats Music subscription from its current $10 price point all the way down to $5. Learn our favorite movie trilogies of all time in our new Get To Know Your Cultist!
GT Advanced Technologies is a company that took on a major project from Apple earlier this year to provide sapphire for Apple’s upcoming Watch, and, as the rumors have said, possibly a couple iPhones later in their partnership. The two companies were supposed to last a full five years together, but within the first year things have already gone downhill for GT Advance. Email us with questions, comments or ideas: commandtab@tdcurran.com Follow and interact with us on twitter @commandtabpod Ben Heutmaker on twitter: @benheutmaker George Urick on twitter: @curiousurick Backing track: Vibe by Melvv https://soundcloud.com/itsmelvv/vibe
Сто двадцать пятый выпуск подкаста от сайта keddr.com. Ведущие – Саша Ляпота, Семен Кременюк и Юля Рябухина. Сегодня мы говорим про самые последние новости и обсуждаем свежие новинки из мира IT: раскол компании HP и банкротство производителя сапфировых стекол для Apple, новинки смарт-часов и др. Результаты викторины HP Мы ознакомились с правильными ответами викторины и выбрали победителя случайным образом. Поздравляем, мы уже связались с победителем по электронной почте, указанной при регистрации на сайте.
On today’s show they guys take a look at the tough news from SodaStream, The Container Store, and GT Advanced Technologies. But don’t worry, things are looking up for CalAmp.