Clik here to view.
GT Advanced COO sold $2 million in stock after sapphire deal with Apple began...
“An executive from bankrupt Apple supplier GT Advanced Technologies [GTAT] who oversaw its troubled sapphire production facility set up a plan to sell part of his shareholdings after the company...
View ArticleClik here to view.
GT Advanced confidentiality hearing with Apple delayed
“Apple Inc. supplier GT Advanced Technologies Inc. has delayed a challenge to a court order cloaking information about the troubles believed to be responsible for the sapphire producer’s bankruptcy,”...
View ArticleClik here to view.
GT Advanced Technologies Inc. suspended by Nasdaq
“GT Advanced Technologies Inc. stock is going over to the pink sheets after shares plummeted in the wake of the company’s bankruptcy filing earlier this month,” Michelle Jones reports for Seeking...
View ArticleClik here to view.
Apple, GT Advanced near settlement over secrecy
“Apple and newly bankrupt GT Advanced Technologies are nearing an agreement over how much of the Silicon Valley titan’s confidential information will be dragged into the light,” Julia Love reports for...
View ArticleClik here to view.
GT Advanced, Apple ink deal for ‘amicable’ split-up
“GT Advanced Technologies has signed a pact with Apple Inc. for an ‘amicable parting of the ways,’ Luc Despins, attorney for the bankrupt supplier to the technology giant, said Tuesday in the U.S....
View ArticleClik here to view.
Apple and GT Advanced settlement: Ending the madness
“Although not a great deal of information has come out of the GT Advanced Technologies bankruptcy proceedings, Philip Elmer-Dewitt recently reported a settlement between Apple and GTAT that calls for...
View ArticleClik here to view.
GT Advanced announces settlement with Apple; to exit sapphire production
GT Advanced Technologies Inc. and Apple have reached a settlement agreement under which GT will wind down its sapphire materials production in the company’s Mesa, AZ and Salem, MA locations. The...
View ArticleClik here to view.
Apple promises to help former GT Advanced employees find new jobs
“So much for Apple’s multiyear sapphire manufacturing alliance with GT Advanced Technologies. Not even a year old and it’s already headed for dissolution,” John Paczkowski reports for Re/code. “GT...
View ArticleClik here to view.
Apple ponders future sapphire options, leaves door open for GT Advanced
“Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the...
View ArticleClik here to view.
Beleaguered GT Advanced says it can’t afford to fight mighty Apple, must settle
“GT Advanced Technologies Inc. said it needs to settle disputes with Apple Inc. because ‘protracted litigation against one of the largest corporations in the world with over $100 billion of cash would...
View ArticleClik here to view.
Beleaguered GT Advanced describes ‘unsustainable’ Apple relationship
“GT Advanced Technologies Inc. Chief Operating Officer Daniel Squiller said bankruptcy was necessary because an ‘ambitious’ supply agreement with Apple Inc. had become ‘unsustainable’ and terms...
View ArticleClik here to view.
Apple and GT Advanced: What went wrong
“A story that Apple tried for three weeks to suppress is now part of the public record,” Philip Elmer-DeWitt reports for Fortune. “When Apple’s chief supplier of sapphire filed for bankruptcy three...
View ArticleClik here to view.
Judge orders GT Advanced bankruptcy papers unsealed
“GT Advanced Technologies Inc. lost a bid to keep an executive’s description of the circumstances surrounding its bankruptcy under seal, putting a settlement with Apple Inc. in danger,” Dawn McCarty...
View ArticleClik here to view.
GT Advanced says Apple settlement will survive unsealing
“GT Advanced Technologies Inc. said a bankruptcy court settlement with Apple Inc. will survive a judge’s order that documents describing the companies’ relationship must be made public,” Dawn McCarty...
View ArticleClik here to view.
U.S. SEC opens investigation into Apple supplier GT Advanced
“GT Advanced Technologies Inc. (GTATQ), the Apple Inc. (AAPL) supplier seeking bankruptcy protection, said it’s cooperating with a U.S. Securities and Exchange Commission inquiry into the company,”...
View ArticleClik here to view.
Apple suppliers shunned as GT Advanced bankruptcy sparks selloff
“Investor confidence in Apple Inc.’s suppliers and vendors is wavering in the stock market after the bankruptcy of GT Advanced Technologies Inc. (GTATQ) last month wiped out 92 percent of its value in...
View ArticleClik here to view.
Court unseals GT Advanced documents: Apple says it ‘bent over backwards’ to...
“Though bankrupt sapphire maker GT Advanced Technologies has accused Apple of crafting a ‘classic bait-and-switch’ deal, newly unsealed court documents reveal Apple’s side of the story, with the...
View ArticleClik here to view.
GT Advanced COO claims Apple used ‘bait and switch’ tactic
“Apple Inc. used ‘bait-and-switch’ tactics in negotiating a contract with sapphire-maker GT Advanced Technologies Inc. (GTATQ), guaranteeing itself ‘heads I win, tails you lose’ terms, a GT executive...
View ArticleClik here to view.
Apple’s secret weapon: Leverage
“If there’s one thing we’ve learned from the bankruptcy of GT Advanced Technologies it’s that Apple under Tim Cook bargains just as hard as it did when Steve Jobs was alive,” Philip Elmer-DeWitt...
View ArticleClik here to view.
Did Apple bully GT Advanced Technologies?
“Last Friday, the judge in GT Advanced Technologies’ (OTCPK:GTATQ) bankruptcy proceeding unsealed a document filed with the court by GTAT COO Daniel Squiller. Both Apple and GTAT had requested the...
View ArticleClik here to view.
Apple sticking with Arizona plan after sapphire supplier GT Advanced falters
“Apple Inc. has told officials in Mesa, Arizona, that it’s committed to bringing jobs and manufacturing to the area even after the bankruptcy of GT Advanced Technologies Inc., a supplier that was...
View ArticleClik here to view.
Apple will save jobs in Arizona by repurposing sapphire factory
“Apple plans to repurpose its factory in Mesa, Arizona, following the spectacular implosion of its relationship with sapphire manufacturer GT Advanced Technologies,” Luke Dormehl reports for Cult of...
View ArticleClik here to view.
GT Advanced Tech creditors chafe at settlement deal with Apple
“Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming...
View ArticleClik here to view.
Lack of experience, mismanagement doomed GT Advanced’s sapphire adventure
“Shortly before 7 a.m. Pacific time on Oct. 6, the chief executive of GT Advanced Technologies Inc. called an Apple Inc. vice president with bad news: GT, which was to supply Apple with superhard...
View ArticleClik here to view.
Apple, GT Advanced and the ‘boule graveyard’
“A recent report by The Wall Street Journal makes clear that GT Advanced Technologies’ Mesa plant was incapable of economically producing sapphire for Apple,” Mark Hibben writes for Seeking Alpha....
View ArticleClik here to view.
Apple shields information in GT Advanced creditor probe
“Creditors of failed smartphone screen material supplier GT Advanced Technologies will get a peek at Apple Inc. ’s secrets under a protective court order signed Tuesday,” Peg Brickley reports for The...
View ArticleClik here to view.
GT Advanced bond traders drawn to prospect of Apple lawsuits
“Traders are being drawn to bankrupt GT Advanced Technologies Inc. bonds by the prospect of lawsuits to recover money from Apple Inc. and other creditors, lifting the value of lower-ranking debt,...
View ArticleClik here to view.
GT Advanced gets court approval of revised Apple settlement
“Bankrupt GT Advanced Technologies Inc. won approval of a settlement with Apple Inc., preventing costly litigation by granting the iPhone maker $439 million in claims against furnaces at a synthetic...
View ArticleClik here to view.
GT Advanced to sell its sapphire furnaces
GT Advanced Technologies Inc. today announced that following the Bankruptcy Court’s recent approval of its Settlement Agreement with Apple, GT is now pursuing advanced sapphire furnace [ASF]...
View ArticleClik here to view.
GT Advanced wants bankruptcy judge to approve millions in executive bonuses
“GT Advanced Technologies Inc., the manufacturing company that filed for bankruptcy protection in October after a botched deal with Apple Inc., wants to pay millions in bonuses to senior executives,...
View ArticleClik here to view.
GT Advanced to pursue $95 million bankruptcy loan
GT Advanced Technologies Inc. is lining up $95 million worth of loans...
View ArticleClik here to view.
Apple objects to bankrupt sapphire supplier’s financing plan
Apple is objecting to bankrupt GT Advanced Technologies’ financing plan...
View ArticleClik here to view.
GT Advanced cuts 40% of workforce
GT Advanced Technologies Inc., which is trying to emerge from bankruptcy...
View ArticleClik here to view.
Apple and GT Advanced reach new accord on $439 million loan
GT Advanced Technologies Inc. has reached an accord with Apple that will get it out from under $439 million in debt...
View ArticleClik here to view.
Apple’s failed sapphire partner GT Advanced Technologies emerges from bankruptcy
GT Advanced Technologies Inc. today announced that it has emerged from Chapter 11 as a newly reorganized company...
View ArticleClik here to view.
Tim Bajarin: Corning’s Gorilla Glass 5 may mark the end for sapphire screens
While sapphire is a very hard material and very scratch proof, there is one major problem...
View ArticleApple sued by glass material producer over breach of contract in ongoing...
Years after a disastrous first foray into sapphire production, Apple's troubles...
View ArticleApple’s would-be sapphire glass supplier GT Advanced charged with fraud
The Securities and Exchange Commission on May 3, 2019 charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for...
View Article
