Seeking Alpha

Liquidmetal extends exclusivity deal with Apple by a year

  • A deal that gave Apple (AAPL) an exclusive license for consumer electronics products to any IP acquired or developed by Liquidmetal (LQMT) from Aug. 5, 2010 to Feb. 5, 2014 has been amended to extend its coverage date to Feb. 5, 2015. (8-K)
  • Financial terms aren't disclosed. The full text of the agreement will be filed with Liquidmetal's next 10-Q.
  • Apple has filed plenty of patent applications over the years related to Liquidmetal. That, in turn, has fueled much speculation about which current and future products use the technology.
  • Yesterday: Liquidmetal amends sub-license deal with Visser Precision
Comments (19)
  • MFG-DN
    , contributor
    Comments (4) | Send Message
     
    More great news for LiquidMetal. Apple has sunk millions into over 50 patents with LiquidMetal. Another year means more R&D that can be used by LiquidMetal in non-Consumer Electronic markets. That's huge and valuable.

     

    Now that the Visse arbitration was resolved in a good way for LiquidMetal, more news seems to be coming out. Perhaps they were holding back until the arbitration was resolved.
    21 May, 06:40 PM Reply Like
  • DanWessler
    , contributor
    Comments (19) | Send Message
     
    All they do is lose money. Great business model.
    21 May, 07:25 PM Reply Like
  • DanoX
    , contributor
    Comments (2575) | Send Message
     
    LMQT is still in the R&D stage ye of short term thinking.
    22 May, 02:38 PM Reply Like
  • Tda
    , contributor
    Comments (73) | Send Message
     
    @Dan Wessler, they weren't "losing" money, they have been reinvesting in R&D and organizational and sales infrastructure. But if you want to wait until LQMT is $60 a share, be my guest.
    21 May, 08:18 PM Reply Like
  • loloaaa
    , contributor
    Comments (4) | Send Message
     
    GREAT NEWS :::: i hope : iPhone 6 with LQMT ...

     

    Liquidmetal is ready ...

     

    http://bit.ly/1k4TTFL
    21 May, 08:27 PM Reply Like
  • Ooi
    , contributor
    Comments (191) | Send Message
     
    $60 a share....what a bargain. It has a good ring to it.
    21 May, 08:34 PM Reply Like
  • DanWessler
    , contributor
    Comments (19) | Send Message
     
    More folks getting suckered with this turd.

     

    With the way they lose money and the stock being at these prices, the next dilution should be about 50-100 million shares. It will be a bloodbath. Enjoy your pennystock trade.
    21 May, 08:37 PM Reply Like
  • Ooi
    , contributor
    Comments (191) | Send Message
     
    Dan
    Why don't you say how you really feel?
    21 May, 08:57 PM Reply Like
  • Glenway Fripp
    , contributor
    Comments (827) | Send Message
     
    I know what you mean Dan. I do think the technology and the material could find uses but they just can't see, to bring anything profitable to market. It is always just around the corner. American Super Conductor (AMSC) suffered with years of slow decline as the promise of Super conductivity at room temperature never materialized.

     

    All that being true, I would imagine LQMT will double it's share price tomorrow on this news. I am glad that I am holding a small investment in LQMT. They are not promising but nor are they doomed.

     

    Chart for AMSC:

     

    http://bit.ly/RVLbyx
    21 May, 09:12 PM Reply Like
  • DanoX
    , contributor
    Comments (2575) | Send Message
     
    Another short termer.
    22 May, 02:40 PM Reply Like
  • kevb777
    , contributor
    Comments (5) | Send Message
     
    From the May 9th Earnings call transcript:

     

    CEO Thomas Steipp
    "Sure. I think we've covered this before Mike, but, the license agreement we have with Apple does not generate significant, any notable revenue for us going forward if Apple, if and when Apple decides to use the technology.

     

    Obviously their interest in any subsequent use, if they were to use it, would improve, would provide a level of credibility we hadn't had in the past. We don't comment about what's going on with them, but although I would certainly point to the fact that, utilizing their partnership and to a certain extent their resources, we have generated somewhere in the neighborhood of 58 patent applications in the last three years."

     

    I am long LQMT, but a LiquidMetal iPhone does not loo to be a source of revenue for LQMT.
    21 May, 10:11 PM Reply Like
  • King Rat
    , contributor
    Comments (557) | Send Message
     
    Great input there. Though I am curious as to what non-iPhone factors make you long in a company otherwise losing money.
    21 May, 11:00 PM Reply Like
  • kevb777
    , contributor
    Comments (5) | Send Message
     
    I got long at about .23 hoping for a quick pop this Summer or Fall with the release of the new iPhone. I don't think that will happen, but I am not ready to sell yet. I think it could still become a popular manufacturing material in areas other than consumer electronics. Take a look at John Cameron's article bit.ly/Twu3kn At the end he raises the possibility that with the Visser arbitration settled, Apple might purchase LQMT.

     

    Long at .23 for the longer term.
    22 May, 02:19 AM Reply Like
  • King Rat
    , contributor
    Comments (557) | Send Message
     
    I see. Interesting article. It spun the lack of renewed deal as a positive (if I read it right) which would mean that the renewed deal would now be a negative. Nothing is impossible.

     

    One would think that even at 2x the current market cap, the technology would be a deal compared to Beats, but then again, who knows what Cooks in Tim's kitchen?
    22 May, 03:41 AM Reply Like
  • duck fan
    , contributor
    Comments (36) | Send Message
     
    I can't fathom Apple ever purchasing LQMT. I really doesn't synergize with what they do and represent. Also I don't like the metal because it is too heavy. Hard to beat aluminum or titanium.
    22 May, 10:01 AM Reply Like
  • DanoX
    , contributor
    Comments (2575) | Send Message
     
    And another short termer, LiquidMetal is a new family of alloy's that was created by three very smart people at Cal Tech in the early 1990's in a lab, not only is the alloy's being actively developed, but the infrastructure used to cast, mold, handle, and manufacture LiquidMetal is being developed concurrently, and all of that takes time, and that is where real innovation takes place, all of which is a far cry from the Google/Amazon school of hucksterism Ad men brand of hardware tech.

     

    I think in time LQMT will rise to the level of GTAT. Note the all time high for LQMT is 22.50 dollars a share, the company went public too soon should have stayed private thru the pure research stage, their mistake can possibly be your gain.
    22 May, 03:16 PM Reply Like
  • DanWessler
    , contributor
    Comments (19) | Send Message
     
    This same nonsense from naive retail holders to other similarly naive retail horders. The nice story about the snazzy liquid metal technology completely papers over the fact that there appears to be no business plan to monetize this technology whatsoever. The joke that this company is still in the R&D stages yet apple is already using their technology for consumer products without having to pay liquid metal anything. Why acquire a company that you already have full legal authority to use any and all technologies and patents? I mean, doesn't that mean you already pretty much acquired them? You just didn't have to pay very much for it.

     

    400+ million outstanding shares and the company will need money very soon. At .20 cents a share, you'll need a serious dilution to raise any cash. Might as well go big, stock will crater once that next dilution hits.

     

    Good luck longs....you'll need it.
    23 May, 12:07 AM Reply Like
  • duck fan
    , contributor
    Comments (36) | Send Message
     
    Dan agree. This type of metal was long ago invented by Cal Tech. It probably will never work for the Apple products. If you buy this stock your not a smart investor.

     

    If you want to gamble go to the casino then at least you have a small chance of winning with Liquid Metal your chance are almost nil.
    23 May, 01:47 PM Reply Like
  • chriswells13
    , contributor
    Comments (53) | Send Message
     
    http://bit.ly/1lZjn7k
    23 May, 02:12 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|