I thing credit goes to TC for bring GF to this low where it is today. If you see, it was clearly coming all through these years but instead of telling truth, TC kept leaking lie that GF will survive with so called feature rich model. All BS.
Anyone smart enough could guess they in absence of next gen tech in our portfolio it was matter of time before we were pushed to second tier foundry fighting with peers like UMC. We are below UMC currently as we know.
Our fate tied to some premium from 14nm wafers for AMD was bound to erode with time. What we see now is the reality that was engraved in stone.
Let us not trust TC and liers anymore and keep our eyes and ears open when they show us rosy picture to elevate stock prices so that they can sell stick to pocket money and next day declare layoff. I am done guys.
13 replies (most recent on top)
Union Yes ✅
More McKenzie No ❌
It's all fuzzy math to maintain stock price.
"Buffett’s longtime business partner, Charlie Munger, expressed Berkshire Hathaway’s position on this particular formula best: “I think that, every time you see the word EBITDA, you should substitute the word ‘bullsh-t’ earnings.”
https://www.forbes.com/sites/brentbeshore/2014/11/13/ebitda-is-bs-earnings/?sh=2c90820c6070
@2ohx if anything he's performing his duties as CEO as required.
By the way, no SLT have sold stock yet. I wonder if it's still unvested or if they really believe in GF (hahaha)
Welcome back Pickled1-k! Who doesn't enjoy some savory corn? 🌽
It is really fishy that GF is laying off people even with visibility of Q4 improved revenue and profit. Only reason for layoff after result could be to boost stock prices so that CEO can save her chair. It is obvious that despite weakening demand for their goods and services, many businesses are looking to retain or even add staff, rather than let them go — hoarding labor that they know they’ll need once the economy starts accelerating again. Most of businesses plan to keep workers even as the economy slows because it was just so difficult to attract them and retain them over the last few years.
Not sure why this guy is in hurry to get rid of employees like us who almost ki---d themselves during pandemic to keep business running????? It is so demoralizing, frustrating and demotivating. I can bet that TC and his incompetent team will have hard time finding good employees going forward as he treats us like entity to boost share prize of stocks.
TC is fake.
Should we send emails to SEC to trigger TC investigation? This is clear that he is manipulative and opportunist. Please suggest what we can do to expose this guy.
Agree TC should be investigating for wrongdoing.
Dont layoffs help stock prices in short term?
Put it this way, those of us GF employees with better view of company order books into 2023 know well that GF stock price should be way south of where it is today…….
Is he saying finances are poor or that they are great and he wants to prevent them from being poor by proactively cutting costs?
TC has more than brought down GF. He has been misleading the investors into buying GF stocks. One week giving a fantastic report on company finance to boost GF stock price, next week admitting companies poor financials by announcing layoffs! For this, he and his staff will have to be reported to SEC. Let the law deal with this crook masquerading as a tech exec
TC and his staff should all be investigated by SEC for false reporting and misleading investors on company financials