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  • Update: Why InvenSense Is Falling While Other Chip Stocks Rise [View article]
    InvenSense has announced that it will report 3Q15 earnings after the bell on Thursday, Jan 29.

    http://on.mktw.net/1x8...
    Jan 15, 2015. 09:36 PM | Likes Like |Link to Comment
  • Update: Why InvenSense Is Falling While Other Chip Stocks Rise [View article]
    Here's the source, which should have been linked to:

    http://bit.ly/1x81fv1

    Unlike the prior two board additions, which clearly indicated interest from Intel and others, I don't see this one as being of any particular significance.
    Jan 15, 2015. 09:34 PM | Likes Like |Link to Comment
  • Game on. BGC Partners boosts offer for GFI Group [View news story]
    CME is not even trying to buy GFI, they are looking to purchase two software divisions which weren't even the main focus of GFI's recent software development efforts. Management is trying to take the rest of the company private in a mockery of fiduciary duty. This Wall St Journal piece barely scratches the surface of what's going on here

    http://on.wsj.com/1x7WYI8

    Yet it concludes, "The shareholders and independent directors are poised to be rescued from the troubling record in this deal by the BGC bid. Even so, this deal is not likely to go down in the annals of takeover history as a lesson in good governance."
    Jan 15, 2015. 09:11 PM | Likes Like |Link to Comment
  • Update: Why InvenSense Is Falling While Other Chip Stocks Rise [View article]
    Bobcat9 comments on the InvenSense ecosystem I mention in this article:

    "I spent a fair amount of time at the INVN booth as well, which was much smaller than it was in 2014, although I read nothing into that. FWIW, they seemed to have zero concern regarding the Intel MEMS announcement and were convinced that the class action lawsuits were the catalysts that sent the stock tumbling last week.

    They had several partners in their booth making demonstrations, all of whom seemed to have a very favorable opinion of INVN technology, and INVN as a company to work with. Although it will likely have zero material impact on INVN stock - any tennis enthusiasts out there can buy a Babolat tennis racked with an INVN sensor inside which will collect and record all kinds of statistics on strikes during a match. Nadal will be using one in tournament play this year."

    I've never seen baseless class action feelers have much affect on a stock price before, and question the market experience of demonstrators at CES, but the rest of it is good color on InvenSense products and relationships.

    See the original comment here:

    http://seekingalpha.co...
    Jan 15, 2015. 02:57 PM | 1 Like Like |Link to Comment
  • Update: Universal Display's Second Largest Customer Halts Production Due To Accident [View article]
    Good info on INVN. My latest INVN article mentions the well developed ecosystem.

    Of course I'm not skeptical of anything you wrote. I'm skeptical of the claims of the floor people, and wondering how it is they supposedly know all about LG Display's supply chain? I thought booth attendants are typically just sales people.
    Jan 15, 2015. 02:48 PM | Likes Like |Link to Comment
  • Game on. BGC Partners boosts offer for GFI Group [View news story]
    I note that GFIG shareholders who followed my lead in tendering shares early continue to reap the benefits of these updates. Whereas if they had not, GFI management would have no incentive at all to keep pace, and would simply take the most valuable part of the GFI at a much lower price. By tendering, the SEF remains public, with BGCP.
    Jan 15, 2015. 02:44 PM | Likes Like |Link to Comment
  • Update: BGC Increases Tender Offer For GFI Group Again [View article]
    BGC has increased its offer yet again:

    http://bit.ly/1yokPWO

    I note that GFIG shareholders who followed my lead in tendering shares early continue to reap the benefits of these updates. Whereas if they had not, GFI management would have no incentive at all to keep pace, and would simply take the most valuable part of the GFI at a much lower price. By tendering, the SEF remains public, with BGCP.
    Jan 15, 2015. 02:43 PM | Likes Like |Link to Comment
  • Update: Universal Display's Second Largest Customer Halts Production Due To Accident [View article]
    Yes, my CES article predicted that LG would be touting AMOLEDs while everybody else would be hyping QDs, and then going back home and seeing what they can do to play catchup in AMOLED technology. For instance even as the Japanese producers followed this pattern, their government backed JOLED joint venture started operations.

    http://bit.ly/1y2aHnN

    I'm skeptical of the claims you say that the floor people at the booth were making, and certainly would take them as good sources of information. I can believe that LG isn't buying white material from UDC, and perhaps that's what the floor people were referring to. However, the TVs use more than just white material.

    In the third quarter earnings update, I mentioned that UDC management highlighted the build-out of LG's television facilities as a big opportunity and confirmed that LG had risen to almost a third of sales.

    http://bit.ly/1y2aVv9

    I don't think LG would be buying that much simply for their mobile devices.
    Jan 15, 2015. 01:03 PM | Likes Like |Link to Comment
  • Universal Display And CES [View article]
    This post is incorrect in that Chinese producers Skyworth, Haier, Changhong and Konka apparently all showed TVs with panels made by LG at CES, although they didn't get much attention.
    Jan 15, 2015. 11:54 AM | Likes Like |Link to Comment
  • Update: BGC Increases Tender Offer For GFI Group Again [View article]
    The bid price is correct, but most of the capital for the increased price is coming from GFI management, not CME, as commented above.
    Jan 15, 2015. 11:48 AM | Likes Like |Link to Comment
  • Energy Recovery, Last Year And This One [View article]
    The technical paper being presented at ASME in mid-June should go a long way towards clearing things up. The site uses javascript which prevents static linking, so I've copied the abstract here. You can verify by going to

    http://bit.ly/1y1NAJY

    and selecting "Oil & Gas Applications". Note the "unique turbo charger design" and co-authorship from Aramco, and Honeywell.

    GT2015-42774

    Technical Publication: Optimizing Amine Process Designs Using Liquid Phase Turbochargers

    Authors

    Prem Krish, Energy Recovery
    Max Shirazi, Energy Recovery
    Jeremy Martin, Energy Recovery
    Andrea Gains-Germain, Energy Recovery
    Joseph Thorp, Aramco Services Company
    Mohammed Al Buali, Aramco Overseas Company
    Chris Hoffman, UOP, A Honeywell Company
    Kristan Kirsh, Energy Recovery

    Abstract
    Acid gas removal using an amine scrubbing solution is widely used to sweeten sour gas in the AGRU (acid gas removal unit) and render it suitable for commercial distribution. In this process, the contactor or absorber tower typically operates at high pressures up to 1100 psi (76bar), and the amine regenerator operates at pressures closer to atmospheric. Energy is consumed in pumping the lean amine from the regenerator up to contactor pressure and energy is dissipated in depressurizing the rich amine exiting the contactor via the LCV (level control valve). Lean amine pressurization is typically accomplished using a multistage, centrifugal pump. These pumps, having seals and oil-lubrication systems, require regular maintenance for reliable operation and are a source of potential failures and plant downtime. The opportunity thus exists to (a) recover the energy dissipated in depressurizing the rich amine and (b) increase the reliability of the lean amine pressurization system. This paper will present a turbocharger based system that optimizes both energy use and reliability, while simultaneously fulfilling the required controls functionality of the LCV.

    The liquid phase turbocharger is designed to recover up to 80% of the rich amine hydraulic energy utilized within many gas plants operating throughout the world. The use of this turbocharger allows for less complexity within the process by either replacing a high pressure circulation pump with a low pressure boost pump or by replacing two high pressure pumps with a single high pressure pump, which are typically found on many licensed designs. Higher reliability of the system is attributed to not only having fewer high energy API-610 pumps but to the turbocharger design itself, which does not require either seals or lubrication systems – both of which require additional maintenance and are prone to failure.

    Two turbocharger application configurations that provide the pumping redundancy that is usually required in an AGRU are evaluated. A complete description of the optimized configuration is presented, along with supporting technical data including computational fluid dynamic (CFD) analysis, failure modes and effects analysis (FMEA), reliability, availability and maintainability (RAM) models, and control system response analysis to different signals from plant SCADA.

    The application of this unique turbocharger design is believed by the authors to represent a major advancement in amine process design for the industry through significant reduction in life cycle costs.
    Jan 15, 2015. 11:10 AM | 1 Like Like |Link to Comment
  • CME and GFI management team up to boost buyout price [View news story]
    Thank you for the correction, though future headlines should also highlight that only two software divisions of the company are being sold, and that GFI management is trying to take the rest of it private in the proposed transaction.
    Jan 15, 2015. 10:27 AM | Likes Like |Link to Comment
  • Update: BGC Increases Tender Offer For GFI Group Again [View article]
    Tellingly, none of CME's additional funds will go towards non-floating shares, or those held by management.
    Jan 15, 2015. 09:44 AM | Likes Like |Link to Comment
  • CME and GFI management team up to boost buyout price [View news story]
    The headline of this post is INCORRECT. GFI management is providing the lion's share of the increase, in a continued attempt to take what I consider to be the most valuable portion of the company private. See details here:

    http://seekingalpha.co...
    Jan 15, 2015. 09:39 AM | Likes Like |Link to Comment
  • Update: BGC Increases Tender Offer For GFI Group Again [View article]
    GFI management has upped its bid to take what I consider to be the most valuable portion of its business private without compensating shareholders. The new offer price matches BGC's tender at $5.60 per share. CME has also kicked in an additional $9.5M or 7 and a half cents per share. This is the first time CME has increased its contribution to the proposed transaction.
    Jan 15, 2015. 09:36 AM | Likes Like |Link to Comment
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