| Source: www.macrumors.com --- Tuesday, October 07, 2014 |
Tuesday, October 7, 2014
GT Advanced CEO Sold Off Stock Ahead of iPhone 6 Announcement
GT Advanced CEO Thomas Gutierrez sold over 9,000 shares of GT Advanced stock just a day before Apple announced the iPhone 6, reports The Wall Street Journal . The September 8 sale netted him approximately $160,000 at an average price of $17.38, before the company's stock dropped 13 percent to $14.94 on September 9 after it became clear the iPhone 6 and iPhone 6 Plus did not include sapphire screens. Along with the $160,000 he earned on September 8, Gutierrez sold shares on several other occasions throughout 2014, earning him more than 10 million dollars as GT stock rose on rumors that Apple would use its sapphire for the new iPhones. In a filing, GT said Gutierrez's share sale was part of a pre-arranged plan put in place on March 14, 2014. But there was no obvious pattern to his sales. In May, June and July, Gutierrez sold shares within the first three days of the month. But then he didn't sell additional shares until Sept. 8, two days after he received 15,902 previously restricted shares. (Gutierrez forfeited the remaining 6,670 shares to cover tax obligations.) GT Advanced filed for Chapter 11 bankruptcy protection on Monday, promising to continue operations as it goes through a transitional phase to reorganize its business. "Today's filing does not mean we are going out of business," said Gutierrez. "Rather, it provides us with the opportunity to continue to execute our business plan on stronger footing, maintain operations of ...
Sapphire company CEO sold $160,000 in stock days before iPhone 6 reveal
| Source: arstechnica.com --- Tuesday, October 07, 2014 |
GT's stock rode high on the iPhone rumors for months, but it dropped when the new iPhones launched without sapphire and fell down a hole when it announced the bankruptcy filing. GT Advanced Technologies, the company Apple currently relies on for sapphire in its iOS devices, filed for Chapter 11 bankruptcy yesterday . The filing came just a few weeks after Apple announced its new iPhones on September 10—both the iPhone 6 and 6 Plus were widely expected to use sapphire instead of glass to protect their screens from scratches. This didn't happen, though, and it sent GT's stock price sliding downward even before yesterday's bankruptcy filing pushed it off a cliff. Now The W all Street Journal reports that GT CEO Thomas Gutierrez has sold over $10 million in stock since February of 2014, including 9,000 shares worth about $160,000 on September 8. This was two days before the iPhone announcement. The stock closed at $17.15 on the 8th, but had fallen to $12.78 on the 10th following Apple's event. A GT filing says that the stock sale was merely coincidental, and that the stocks were being sold according to a schedule set in March of 2014. The WSJ reports "no obvious pattern to his sales." Read 1 remaining paragraphs | Comments ...Google updates Chrome for iOS, making it usable on the iPhone 6 and 6 Plus again
| Source: gigaom.com --- Tuesday, October 07, 2014 |
This house could be yours for a mere iPhone
| Source: www.cnet.com --- Tuesday, October 07, 2014 |
Apple reportedly scrambling to meet surprisingly strong iPhone 6 Plus demand htt...
| Source: www.facebook.com --- Tuesday, October 07, 2014 |
Apple to sell 200 million iPhone 6 units in 2015?
| Source: www.mobileburn.com --- Tuesday, October 07, 2014 |
Apple?s iPhone 6 and iPhone 6 Plus have been selling well. Actually, that's an understatement as they have been breaking records and are set to go through the roof again when launched in China and India later this month. However, how well Apple's flagship device does through a launch period is only part of the story as the iPhone has always had fantastic staying power. The iPhone 6 could take that to another level. Read the full story here. ...Google News & Weather app debuts on iPhone
| Source: www.imore.com --- Tuesday, October 07, 2014 |
Google is launching its own News & Weather app to the App Store in select markets right now, giving you access to local weather, the top stories of the day, and coverage from 65,000 publications. The app comes just after Google had updated its Google Currents application for iOS and renamed it to Google Play Newsstand . At this time, Google News & Weather isn't available in the U.S. Here is what Google News & Weather offers to users: Coverage from 65,000 publications Simple swipe-access to categories such as Top Stories, Technology, Sports & Weather Tune your layout with any of 60 country-specific editions and personalized news sections such as 'Hollywood', 'NASA', 'Fashion', or anything else that catches your fancy Tap any story for a deep selection of viewpoints, including in-depth articles, Opinion, and local perspectives The app requires iOS 7 to install, but it is optimized for the iPhone 6 and iPhone 6 Plus. What do you think of the app? What are some of your favorite news apps? Free - Download now ...Square Cash now lets iPhone users pay people in the same room using Bluetooth
| Source: gigaom.com --- Tuesday, October 07, 2014 |
The CEO Of Apple’s Sapphire Supplier Sold A Ton Of Stock A Day Before The iPhone 6 Event (GTAT)
| Source: www.businessinsider.com --- Tuesday, October 07, 2014 |
GT Advanced Technologies, the maker of ultra-durable sapphire displays , lost over 25% of its market value over the course of 48 hours last month — but not before the company's CEO sold 9,000 shares of GT stock, according to the Wall Street Journal's Daisuke Wakabayashi . GT's CEO, Thomas Gutierrez, made a neat $160,000 when he sold a sizable chunk of stock on Sept. 8. GT's stock had been on the rise for about two years on speculation that its partnership with Apple would increase and sustain demand for the company's sapphire displays, which were poised to replace Corning's Gorilla Glass on the iPhone 6. It didn't happen that way. On Sept. 9, the day after Gutierrez cashed out, Apple announced the iPhone 6 at its gala event in Cupertino — but made no mention of a sapphire display. You can see how that news — or rather, the lack of news — affected the company's stock price: The day of the iPhone 6 announcement, GTAT dropped 13%. Over the next two days it would lose over a quarter of its value. It's unclear why Apple didn't use sapphire to build the displays in its latest iPhones. The two prevailing theories are that GT couldn't scale to meet Apple's demand in time and that sapphire isn't as shatter-proof as we think it is . The timing of Gutierrez's sale could be suspect. GT said Guteirrez's sale was planned back in March, according to the Journal. GT's stock took another precipitous drop on Monday when the company announced it w ...Federal Eye: The federal government has an app for catching child predators
| Source: www.washingtonpost.com --- Tuesday, October 07, 2014 |