Once again right before earnings call they announce Qualcomm deal which was already there in place. Last time there was the apparent US DoD deal. It’s always a multi year deal and they think investors cannot actually do math. 4.2 billion till 2028 which translates to only 700 million a year. If they really were vested in GF they would have increased their shares held by they have been relatively flat at 33.2 million
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Am worried GFS stock will sink to ground as soon as market knows the reality.
And there you go on the price drop. No one is trusting GF's bullish outlook when everyone is downgrading their forecast. Let's see how long GFS can carry this bullsh-t.
On a side note, with 65 million stocks floated (note Mubadala is offloading more shares behind scenes), GFS has a short of 15 million. Wow!!!
It is most definitely for the bump
I was wondering this too!!! Like most companies have such announcements during the earnings call and presentations. Like during future forecasting etc. it’s weird Globalfoundries drops these announcements early….. is it preemptively get a stock price bump incase the actually call causes a dip??
All other companies do it during the call - I don’t get it