GT Advanced Technologies Inc May Pursue Legal Claims Against Apple

HFA Padded
Mark Melin
Published on
Updated on

GT Advanced Technologies Inc (NASDAQ:GTAT) wants to get back to its roots, selling Sapphire furnaces, and get out of the business of producing Sapphire products for Apple Inc. (NASDAQ:AAPL). GTAT cutting 890 jobs in Arizona In the wake of Apple Inc. (NASDAQ:AAPL) announcing that it was perusing a relationship with a competing supplier, Gorilla Glass, to furnish protective screens for the iPhone 6, Reuters is reporting today that GT Advanced Technologies Inc (NASDAQ:GTAT) will cut 890 jobs in Arizona and walk away from its investment which is losing $1 million per day. The company is shuttering Sapphire production operations in Mesa, Arizona…

This content is exclusively for paying members of Hedge Fund Alpha

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually

Don’t have an account?

Subscribe now and get 7 days free!
HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Comments are closed.