It won't be long until FMC OWNS Dril-Quip. A US federal judge has issued a work stoppage injunction for theft of FMC's intellectual property on it's tree design. See the Form 8-K issued recently by DQ.
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Couldn't happen to a nicer company. For years DQ have been getting above their station and thinking they are some sort of big player but the truth is they are just like one of the many small skid marks on the CEO's y-fronts fighting all the other little skid marks for a stronger position. Hope they get hit hard and the board sack those pair of id–ts at the top.
Hearing DQ (US) are in big trouble over this and they will not be allowed to manufacture the trees or jewellery costing the company millions. I hope the 3 stooges aren't banking on Aberdeen to help dig them out of this after the way they treated employees there. No way they will get people back there under current management.
I doubt it's true that there is any massive contract heading to Dyce but if there is I just want to leave a reminder of what the 3 stooges think of Aberdeen when they start panic hiring because they decimated the operation in Aberdeen
https://www.energyvoice.com/coronavirus/232750/watch-dril-quip-bosses-claim-aberdeen-has-whinge-and-whine-culturequp/
Can’t see any ‘massive’ contracts going there way any time soon. Not unless they’ve practically bought a pipe one. No customer in there right mind would put anything big Dqs way that relys on houston to deliver.
Innocent before proven guilty
Always remember the statement :Lowest common denominator.
There is no one in Dyce to do massive contracts and there is no chance on earth that they will get anyone to go and work for them.
What does the "massive contract" have in common with the vertical tree ? If it does, it will be massively delayed !!
Massive contract heading dyces way ive heard
DQI is THEE Center of Excellence for trees
NOT
Well well what a surprise, we have always said blunder management.If proven will cost a good few millions off the non debt balance $$$$$$$$$$$$$
On October 5, 2020, FMC Technologies, Inc. (“FMC”) sued Dril-Quip, Inc. (the “Company”) alleging misappropriation of trade secrets and seeking money damages and injunctive relief in the 127th District Court of Harris County in an action styled FMC Technologies, Inc. v. Richard Murphy and Dril-Quip, Inc., Cause No. 2020-63081. FMC alleges that its former employee communicated FMC trade secrets to the Company prior to being hired by the Company and that the Company used those trade secrets in its VXTe subsea tree systems. The Company denies these allegations and intends to vigorously defend against this lawsuit.
The information in this Current Report on Form 8-K is being furnished, not filed, pursuant to Item 7.01. Accordingly, the information in this Current Report on Form 8-K will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.