Archive for the ‘My Publications’ Category

Due to high demand my PTT Forensics Newsletter has been extended 24 hours! Special 20% off pricing for the life of your active subscription is now available until June 5th 12pm EST.

My first pick under the PTT Research Platform will be released at 3pm EST on Thursday June 5th. I’m very excited to share my in-depth, informative and unique research report with all of my paid subscribers tomorrow afternoon.

Simply head over to my landing page to sign up today while my Forensics Newsletter is on sale!

My “personal story” can be found here for more information about me.

Thanks again for everyone who has subscribed. I am very exited about our journey together.

Matt

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My PTT Forensics Newsletter special pricing ends at 12pm EST Wednesday June 4th and my first pick and newsletter gets released on 3pm Thursday June 5th.

What is my news letter about?

My goal is to introduce 6-10 picks a year that I feel will double or potentially triple over the next 12 months. My focus is quality and not quantity. My goal as a stock research analyst is to gather as much information as humanly possible on each company I follow. My unique research style allows me to extract key tips from management over the past several years that have been laid out and build a roadmap of what is coming.

Some of you are followers of GTAT, which is by far one of my most exciting investments to date. GTAT is up nearly 90% in 2014 when I started coverage on it via Seeking Alpha at just over $9 per share. The reason why I don’t lose sleep when the stock falls 6% like it did yesterday for no “real” reason is because I have a roadmap of where GT is headed. I have an understanding of GT’s technology, GT’s industries, GT’s past and most importantly GT’s future plans including product applications and estimated timing. I think the true appreciation of what I can deliver will become completely evident as time passes. When Apple showcases the sapphire covered iPhone 6 later this year, some of you may be surprised, but I will not.

The sapphire cover screen was written years ago and is just playing out before our eyes today. I spoke with my friends and family over the summer and tried to convince as many people as I could to buy GTAT. I told my friends and family to buy as much GTAT as you can afford to hold for the next 3-4 years. I told them to buy this stock and put it in an envelop and open it up in a few years. I told my friends and family in August 2013 that GTAT was going to land a deal with Apple. Just 3 months later Apple and GTAT announced a contract, a sapphire facility in AZ and just around the corner Apple will introduce a sapphire covered iPhone 6.

My friends and family have nearly all doubled their original investment in GTAT. The only exceptions are those, who did not listen to me last summer, but decided to buy after Apple announced the deal with GTAT. I made sure to rub it in their face “Hey remember how I said GTAT would land Apple? Well they just did.”

The Apple announcement was a validation point of my ability to perform “Forensic” research on companies. I can tell you that NONE of my friends or family members have sold one share of GTAT since they first bought. However, nearly all of them have added to their initial investments because they fully trust my vision, my research and they know I don’t gamble with my money.

GTAT is much much much more than just Apple, but I wanted to share the significance of the Apple contract to give you some context. I’ve also been grilled by some seasoned professional investigative reporters and boutique investment firms over the last several months as research on GTAT received some national attention.

I decided several months ago that I couldn’t deal with any more with “the garbage” that other analysts produce and I became motivated to give a real research report so I took my “very very part-time” show to Seeking Alpha. PTT Research, led by Mark Gomes, recognized my ability and provided me with an opportunity to do my dream job. What is my dream job? Getting paid to make people money.

My friends and family have increased their net worths by hundreds of thousands of dollars from my advice in less than a year. I’ve received a few dinners in return as well as some very very happy customers. I honestly love making people money. I can only imagine what I can do for a much larger pool of investors.

My next pick is an investment. I spent hours and hours researching and building a base of knowledge. I’ve read the company comments from the past several years to understand the foundation that the company was built on. I’ve dug into the markets that the companies support including Key customer developments. My goal is to deliver the most comprehensive research report on each company I introduce. I want to educate my subscribers so they can become knowledgeable and experts in the companies they invest in.

Investing is personal and I want to deliver the personal touch. I want to deliver a unique experience to my subscribers. I want to be your “personal” analyst, who makes the traditional “Wall Street” analysts look bad. I’ve read the Wall Street reports and some are well researched and some are not. I can tell you for a fact that the Wall Street analysts, who cover GTAT are months to years behind the GTAT story. Not one analyst who covers GTAT even knew what Hyperion was before I introduced it to them. I personally feel that I am months to years ahead of GTAT’s written story. I want to be the spoiler for the company’s I cover in my research.

My goal is to be successful enough to work myself out of my day job. Everything I’ve put together on my Obscure Analyst blog was done on top of a full time job and a family a very very demanding kid filled environment at home (3 kids under 3 years old – 30 month old boy/girl twins and a 14 month old daughter). I love information and cutting through hours and hours of commentary to pull out clues, build roadmaps and get in front of companies that are ready for explosive growth and investment returns.

Thanks again for your continued support and I hope all of you join me in what I expect to be an exciting and rewarding journey for everyone who follows. I wanted to get personal with you tonight, because investing is personal and you need to put your money with someone you can trust. I feel like in running for office, but I hope you vote for me and go long with my PTT Research Forensics signup Link

Thanks again for your continued support and I’m looking forward to our continued journey together.

Matt – “The Obscure Analyst”

On May 23, 2014 leaked images surfaced from nowhereelse.fr of what appears to be Apple’s iPhone 6 LED backlight.Image

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The earliest leaked iPhone 5s backlight images that I could find were leaked on September 7th, 2013 just 3 days before the iPhone 5s invite went out.   The iPhone 5s backlight images were also leaked first by nowhereelse.fr.

In other news Vodaphone just slashed the price of the iPhone 5c on Friday. Target just dropped the price of the gold iPhone 5s to just $119.99 from $199.99 with a 2 year contract.    Walmart was the first to offer aggressive reduced pricing of the iPhone 5s to $119.99 back in March.  Radioshack in April reduced the price of the iPhone 5s to just $99.99 and the price remains intact today.

The wave of iPhone 5s price cuts fall line very closely with an International Business Times article from January, which indicated that Apple will slash the price of 5s by $100 in May 2014.  The IBT article also mentioned a possibility of a May and September iPhone 6 release schedule based on news picked from South Korea.

Conclusion

The wave of iPhone 5s price cuts and the most recent leaked image of the iPhone 6 backlight indicates that production is underway and release of Apple’s iPhone 6 could come anytime.  At this point I’m not expecting a iPhone 6 release at Apple’s WWDC that begins on June 2nd, but every data point seems to indicate that the iPhone 6 release is coming before September.

 

 

My Previous Articles on related to the iPhone 6 release date

https://margolismatt.com/2014/04/20/a-review-of-apples-supply-chain-management-indicates-a-june-iphone-6-release-is-likely/

https://margolismatt.com/2014/04/21/iphone-5s-price-slashing-activity-is-pointing-towards-a-june-iphone-6-arrival/

https://margolismatt.com/2014/04/27/apples-2014-wwdc-solar-charging-products-and-better-film/

https://margolismatt.com/2014/05/11/several-apple-analysts-believe-the-iphone-6-will-arive-as-early-as-june/

 

Disclosure: My premium PTT Research Forensics Newsletter is scheduled to launch on June 2nd. The premium paid service option will grant my paid subscribers exclusive content weeks before my analysis is published on Seeking Alpha, the Obscure Analyst blog or any other website.  Another advantage of PTT is the subscriber Forum that allows sharing of ideas and analyst Q&A. Did you know, that subscription based investment newsletter are typically tax-deductible?

 

Additional Disclosure: I am long GTAT (Apple’s newest Sapphire supplier)

 

I’ve been working diligently on my PTT Premium Forensics Newsletter launch.  I’ve rolled up my sleeves (well not really) since I hate long sleeve shirts, but needless to say I am very deep in my research on my next great investment pick.  I’ve been gathering as much information as I can to understand everything that has happened over the last few years as well as digging into the “data” on this company.  The information and data points will give me context of where this company came from, where it is going as well as the various “treats” investors should be expecting over the remainder of the year and into the future.

My favorite part of researching is learning.  My second favorite part of researching is sharing.  My final favorite part of researching is sharing what I learned with people, who want to profit from it.  Every time I dig into my research it takes me places I didn’t know existed so my end product is typically more in depth than my own expectations. I am very excited to share my next great investment pick with my premium PTT Research Forensics Newsletter subscribers on June 2nd!

 

 

Disclosure: My premium PTT Research Forensics Newsletter is scheduled to launch on June 2nd. The premium paid service option will grant my paid subscribers exclusive content weeks before my analysis is published on Seeking Alpha, the Obscure Analyst blog or any other website.  Another advantage of PTT is the subscriber Forum that allows sharing of ideas and analyst Q&A. Did you know, that subscription based investment newsletter are typically tax-deductible?

Korean media is reporting this morning that LG and Samsung are sampling sapphire for mobile cover displays. Currently the leading sapphire growth and equipment manufacturer GT Advanced Technologies is operating the largest sapphire manufacturing facility in the world on behalf of Apple. Apple is expected to add sapphire cover displays to its highly anticipated iPhone 6 mobile phone later this year. The biggest knock on sapphire cover screens has been price and availability but perhaps one of both of these factors is about to change.

Via Phone Arena and ETNews

Full Disclosure I am long GTAT and I have joined PTT Research. My premium Forensics Newsletter is scheduled to launch on June 2nd. The premium paid service option will grant my paid subscribers exclusive content weeks before my analysis is published on Seeking Alpha, the Obscure Analyst blog or any other website. Another advantage of PTT is the subscriber Forum that allows sharing of ideas and analyst Q&A. Did you know, that subscription based investment newsletter are typically tax-deductible?

by Matt Margolis

Last week the Wall Street journal reported that Chinese Glass Maker Lens Technology International (LTI) is planing to raise $872 million in an initial public offering.   LTI is seeking to raise funds to expand production capacity to capture growing demand for consumer electronics.  More specifically the proceeds will be used to upgrade and expand production capacity of touch-screen glass covers and to make sapphire, which can be used in screen-cover production.  The Journal also reported that Apple and Samsung accounted for 84% of LTI’s sales in 2013.

LTI is currently is very involved with various substrate materials and coatings, including coatings for plastics, coatings for glass and metal coatings.  LTI also has chemists that focus on coatings for specialty applications that can work out an ideal coating solution for your plastic, glass, metal, paper, wood, and other products. LTI does not currently make sapphire nor does the company currently use sapphire coating.

Just over a week ago GT Advanced Technologies announced several new initiatives to expand its portfolio of SiC (Silicon Carbide) and Sapphire solutions for next generation consumer and industrial products.  Among the announcements made by GT was the company’s focus on selling the coating and bonding equipment as well as working with a leading glass substrate producer to develop specialty engineered substrate materials that can be bonded to ultra-thin sapphire lamina to create unique composite solutions that expand the reach of sapphire into a broader set of applications.  GT also announced that the company has acquired patent-pending technology for producing low-cost, scratch-resistant aluminum oxide coatings for various substrates including glass and plastics.

LTI is a very experienced company that is focused on coatings for various substrate materials including glass, plastics and metals.  GT  is expanding on the company’s immense knowledge of sapphire and is set to create an entirely new and untapped market for sapphire coated and laminated products that will expand the use of sapphire beyond today’s current applications.  Sapphire was originally used primarily in military applications but over the last few years the use of sapphire in LED lighting and in consumer electronics has exploded.

Sapphire is a unique material because of toughness, scratch resistance and optical clarity.  Sapphire coatings will create a nearly scratch proof protective layer on any substrate including plastics, glass, silicon and other materials.  In addition to sapphire coatings, GT is developing a bonding technique that would allow super thin Hyperion exfoliated sapphire lamina to be bonded to various substrates.  GT reported last week that the company’s Hyperion technology is consistently producing 2″ Sapphire lamina that only measures 28 microns thick.  GT’s sapphire lamina would provide significantly more scratch resistant solution and toughness versus nearly every other protective laminate on the market.  The only hurdle that remains to bring GT’s sapphire laminate solution to the market is successfully developing a method to bond sapphire lamina to various substrates including glass and plastics.

LTI is seeking to raise funds to expand production capacity to capture growing demand for consumer electronics.  LTI’s expansion includes growing sapphire to further diversify its current product offering.  GT’s patent pending sapphire coating technology along with itss sapphire laminate product would fit perfectly into LTI’s product portfolio. LTI is a seasoned veteran when it comes to successfully coating various substrates and adding sapphire coating and sapphire laminates would only strengthen the company’s position in the marketplace.  There is no indication that any discussions have been held between LTI and GT, but this is one relationship I wouldn’t mind seeing develop.

 

Full Disclosure: I am long GTAT

 

 

 

 

by Matt Magolis

Yesterday, I highlighted Apple’s mutli-touch sensor patterns and stackup patent that was issued on April 24th, 2014.  The newly issued patent claims indicate that Apple has put in some significant time and effort focused on improving the functionality of their multi-touch sensor patterns that will improve the user’s overall experience while handling a device with a curved screen. The number of individual claims has decreased from 39 to 14, however the precision of their 2014 claims versus the 2009 claims is astounding.  This newly issued patent might indicate Apple is very close to introducing a curved iPhone screen in the not to distant future.

Today, I wanted to share a few Apple job postings I found that indicate Apple’s focus on the “Human Interface” on Apple’s next-generation devices, which include the iPhone, iPad and Mac (iWatch not listed but we know it exists).  Apple is looking to create a completely new user experience that will that will further connect mankind to their portable electronic devices.

The first job postings goes back to January 5th, 2014 when Apple was recruiting for a Multitouch Sensor Algorithms Engineer.  The job focusing on gesture recognition, which is technology (Software) that typically allows humans to communicate with machines (Equipment) without any mechanical devices.  For example you could simply point you finger at the screen and the cursor would move.  The Multitouch Sensor Algorithms Engineer job description is below:

Be part of the engineering team creating next-generation input devices and displays. We are looking for a Gesture or Pattern Recognition Algorithms Engineer with working knowledge of gesture recognition, statistical signal processing and pattern recognition along with strong programming skills.

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Apple posted a position for a HID Multitouch Sensor Algorithm Manager on March 7th, 2014.  The position is focused on the “next-generation Human Interface Devices for iPhone, iPad, and Mac.”  The position will focus on creating “insanely great” sensing experience and focus on “groundbreaking sensing technologies”.  You can take my word that Apple is developing mankind’s “6th sense” and it appears Apple is going to take the human-being user experience to another dimension across Apple’s next-generation of devices.

Come lead a team of creative, energetic, and enthusiastic algorithm engineers responsible for next-generation Human Interface Devices for iPhone, iPad, and Mac. We are looking for talented individuals who enjoy creating pattern recognition and statistical signal processing algorithms, prototyping concepts, investigating new technologies, and ultimately delivering high-quality products. In this role, you will be at the focal point of many cross-functional interactions with the hardware, software, QA, industrial and UI design teams.

Lead the team responsible for developing “insanely great” sensing experiences for Apple products.
Spearhead the development and integration of new technologies from proof of concept phase through production ramp.
Invent algorithm architectures for groundbreaking sensing technologies.
Focus the team on parsimonious methods to achieve fluid customer experience.
Identify, create and document new sensing system metrics and specifications that deliver performance that matter to customer perception.
Simulate sensing system performance and error sensitivities.
Diagnose engineering issues with true scientific method, driving to definitive root cause, in close collaboration with cross-functional team members.

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Apple’s mutli-touch sensor patterns and stackup patent was issued on 4/24/14.   The patent is actually a continuation of a similar patent issued in November 2009.  The 2009 patent goes by the same name but Apple has made significant improvements to the claims of the previous multi-touch sensor patent.  The patent’s focus is on multi-touch sensor panels that are stacked and thin which make them more flexible and particularly well suited for curved or other non-flat touch sensor panels.  Apple applied for the patent on December 19, 2013 and the patent was issued just 5 months later.

The date of the latest patent application falls just a month after Apple opened up the  Mesa, AZ sapphire plant.  Also in January, Apple was in the market for design engineers that would focus on the iPhone/iPod inside  Apple’s Mesa location.  The 2009 issued patent and the 2014 issued patent both include sapphire as a cover option.  However, if Apple is going to drastically change the iPhone 6 and introduce sapphire cover screens and a curved display it would make sense to experiment and file the latest application in December 2013 after the Mesa plant opened.    Perhaps Apple has already determined that they would switch from flat  to curved displays for the next generation iPhone?  Perhaps the switch from flat to curved displays explains why Reuters was reporting that the 5.5″ iPhone was experience touch screen display yield challenges?  I have to believe a flat display panel at 5.5″ would be much easier to manufacture than a curved display.

The newly issued patent claims indicate that Apple has put in some significant time and effort focused on improving the functionality of their multi-touch sensor patterns that will improve the user’s overall experience while handling a device with a curved screen. The number of individual claims has decreased from 39 to 14, however the precision of their 2014 claims versus the 2009 claims is astounding.  This newly issued patent might indicate Apple is very close to introducing a curved iPhone screen in the not to distant future.

 

Example of the 2009 Patent Claims

1. A touch sensor array comprising:

a first conducting layer comprising a row trace and a column trace;
a second conducting layer;
a first dielectric layer that separates the first conducting layer and a second conducting layer; and
one or more vias that route the column trace or the row trace to the second conducting layer prior to an intersection of the column trace and the row trace.
14. A touch sensor array comprising:

a plurality of row traces arranged in comb pattern configurations; and
a plurality of column traces comprising cross elements arranged between fingers on the comb pattern configurations.
Example of the 2014 Patent Claims

1. A touch sensor array comprising: one of a plurality of row traces or column traces arranged in pairs of opposing and spaced apart comb pattern configurations having opposing fingers facing one another; and the other of the plurality of row traces or column traces comprising a plurality of cross elements substantially perpendicularly disposed with respect to the opposing fingers on the comb pattern configurations, with each cross element having perpendicularly disposed traces corresponding to the opposing fingers of the comb pattern configurations.

9. A touch sensor array comprising: a plurality of row traces arranged in opposing comb pattern configurations, each opposing comb pattern configuration having finger elements extending toward the opposed comb pattern configuration, and defining finger regions between the finger elements; and a plurality of column traces comprising plural rows of traces and perpendicular cross elements, the rows of traces arranged parallel to the finger elements and extending between each of the finger elements within the finger regions of the opposing comb pattern configurations, and the cross elements extending between the opposing comb pattern configurations continuously over multiple row traces but not extending between the finger regions.

14. A multi-touch mouse comprising a touch sensor array comprising: a plurality of row traces arranged in opposing comb pattern configurations, each opposing comb pattern configuration having finger elements extending toward the opposed comb pattern configuration, and defining finger regions between the finger elements; and a plurality of column traces comprising plural rows of traces and perpendicular cross elements, the rows of traces arranged parallel to the finger elements and extending between each of the finger elements within the finger regions of the opposing comb pattern configurations, and the cross elements extending between the opposing comb pattern configurations continuously over multiple row traces but not extending between the finger regions.

 Patent Abstract

Capacitive multi-touch sensor panels in which both row and column traces may be formed on a single conducting surface are disclosed. These stack-ups may be made thinner and more flexible allowing them to be particularly well-suited for curved or other non-flat touch sensor panels, such as those that might be present on a mouse or other device designed to be grasped by a user’s hand. Curved sensor panel arrays that may be formed from flat substrates are also disclosed. These sensor panel configurations may include channels around the periphery of the array. These channels allow the flat array to lie flat when applied to a curved surface, such as the inside of the curved surface. The pattern of the touch sensor elements may be adjusted across the array to avoid the channels.

[0055] FIG. 4 illustrates an exemplary capacitive touch sensor panel 400 fabricated using a double-sided ITO (DITO) substrate 402 having column and row ITO traces 404 and 406, respectively, formed on either side of the substrate, and bonded between cover 408 and LCD 410 using transparent adhesive 412 according to embodiments of this invention. Substrate 402 can be formed from glass, plastic, hybrid glass/plastic materials, and the like. Cover 408 can be formed from glass, acrylic, sapphire, and the like. To connect to column and row traces 404 and 406, respectively, two flex circuit portions 414 can be bonded to directly opposing sides at the same edge of DITO 402, although other bonding locations may also be employed.

Computing System

Figure 4

The latest rumor circulating out of Taiwan via Commercial Times is that Apple’s slim designed battery requirements are not being met and the 5.5″ iPhone 6 release may be pushed into 2015. It was previously reported that there was difficulty producing the 5.5″ touch panel displays and that the displays would like be delayed a few months.

At this point I’m chalking this up as another rumor that may or may not be accurate. At one point various speculation was made that the 5.5″ handset would be released first and now rumors are pushing the release into 2015. I would have expected Apple to clear the battery thickness requirement during early beta testing and product design requirements. Stay tuned on this one as this story may update again.