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  • teldar - Wednesday, October 2, 2019 - link

    Slow me to rush in and throw thousands of dollars at stock for a company that looses money every year...
  • Arsenica - Wednesday, October 2, 2019 - link

    That sounds like NYSE: UBER.
  • ksec - Wednesday, October 2, 2019 - link

    While they are no longer a foundry with leading node, that doesn't mean there is life outside of it. The market is big enough for them to focus on other node made for volume or speciality.
  • Dragonstongue - Thursday, October 3, 2019 - link

    such as producing I/O chiplets among other things.

    GloFo is not out of the world yet, seeing as they still have top of the stack designers/engineers and such that work hand and hand with all/everyone else ..

    this world (high tech) is not exactly like a fastfood chain where u can hire anyone ff the street to push buttons properly and know what they all do ^.^
  • SanX - Thursday, October 3, 2019 - link

    Isn't TSMC also losing money making 10billion transistor chips for cellphones and selling them an order of magnitude cheaper for 25 dollars each than Intel sells its own 10 billion transistor and 2 generations older chips?
  • Joe123456789 - Thursday, October 3, 2019 - link

    This is an absolute joke. We are spending almost nothing on R and D after our strategy change a year ago. Nothing but penny pinching to make the bottom line look better than it really is, not to mention selling off assets as the article mentions just to raise operating cash so we don't have to close our doors. The problem with an ipo is the investing public will be looking for growth and we have absolutely none on the horizon for 5+ years. The best part of GF going public?? Us employees can finally short the stock of what we know is a sinking ship. And honestly, most of us bet we get sold before we even get to any kind of IPO, so we'll probably be robbed of that chance too! All our top talent has left already after the strategy change (no one good in the industry wants to work on decade old technologies... Boring!) and even the mediocre talent is walking out the door now... Daily. Just last Friday we lost 6 more engineers in our small group. Even our VPs and directors are quitting left and right (6 in the last 3 mo) There is no one competent left to even sustain manufacturing let alone develop new technologies....
  • GreenReaper - Thursday, October 3, 2019 - link

    I find it hard to believe that their employees are called "Joe".
  • Adonisds - Monday, October 7, 2019 - link

    Why didn't they IPO when they were a leading fab, to get more money?
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