Apple glass firm GT Advanced Technologies in bankruptcy

Date: 8 October 2014
Source: www.bbc.com

Date: 8 October 2014

Shares in GT Advanced Technologies plunged over 90% after the firm filed for bankruptcy on Monday. The US company, which makes sapphire crystal glass, is now worth just $175m (£109m), down from $1.5bn on Friday.

Last November, GT announced it had signed a deal with Apple to manufacture sapphire materials.Read more: http://www.bbc.com/news/business-29512775 Shares in GT Advanced Technologies plunged over 90% after the firm filed for bankruptcy on Monday. The US company, which makes sapphire crystal glass, is now worth just $175m (£109m), down from $1.5bn on Friday.    

Last November, GT announced it had signed a deal with Apple to manufacture sapphire materials.

Read more: http://www.bbc.com/news/business-29512775

600450 Apple glass firm GT Advanced Technologies in bankruptcy glassonweb.com

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