wtorek, 7 października 2014

GT Advanced first bankruptcy hearing set for Thursday

File photo of Apple CEO Tim Cook speaking during an Apple event announcing the Apple Watch at the Flint Center in Cupertino (Reuters) - Apple Inc supplier GT Advanced Technologies Inc will hold its first Chapter 11 bankruptcy court hearing on Thursday at 10 a.m. ET, according to a clerk in the U.S. bankruptcy court in Manchester, New Hampshire. Investors are eagerly anticipating the hearing, at which GT — Apple's partner in a sapphire glass plant in Arizona — has said it will explain the events that led to Monday's surprise bankruptcy filing and sparked a 90 percent drop in GT's stock. On Tuesday, GT shares closed up 51 percent at $1.21, regaining a mere fraction of the $1.5 billion they lost on Monday. ...








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