Liquidmetal Technologies (LQMT) Rumor Mill in Overdrive After Extended Apple Deal
Tweet Send to a Friend
Liquidmetal Technologies Inc. (OTC: LQMT) is up nicely today following a disclosure after the close of an extended deal with tech behemoth Apple (Nasdaq: AAPL). Now, we are getting some numbers on how much this deal is worth to the tiny company and speculation about what Apple will use the technology for.
According to AllThingsD, the deal is likely worth the same as the original one, or $20 million.
So far, Apple has only used Liquidmetal's technology for the SIM card ejector tool in the iPhone 3G. However, the new deal signals they have big plans for the material.
As AllThingsD notes, speculation about what Apple will do with the technology has ranged from iPad chassis to MacBook hinges. Some have guessed recently that the next iPhone could feature a Liquidmetal chassis, or could see its glass backplate replaced with a Liquidmetal counterpart.
LQMT last traded at $0.35, up 20 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to AllThingsD, the deal is likely worth the same as the original one, or $20 million.
So far, Apple has only used Liquidmetal's technology for the SIM card ejector tool in the iPhone 3G. However, the new deal signals they have big plans for the material.
As AllThingsD notes, speculation about what Apple will do with the technology has ranged from iPad chassis to MacBook hinges. Some have guessed recently that the next iPhone could feature a Liquidmetal chassis, or could see its glass backplate replaced with a Liquidmetal counterpart.
LQMT last traded at $0.35, up 20 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Apple (AAPL) Streaming Music Service Could be Delayed - The Verge
- Tableau Software (DATA) IPO now indicated $45-$48
- UPDATE: Tesoro Corporation (TSO) May Take Ownership of BP Carson in Early June - Reuters
Create E-mail Alert Related Categories
Insiders' Blog, Momentum Movers, Rumors, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
