GT Advanced Technologies (GTAT) Asked Bankruptcy Court to Keep Some Documents Secret
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October 9, 2014 5:14 PM EDT
Raymond James analyst Pavel Molchanov weighed in on GT Advanced Tech (NASDAQ: GTAT) following the "First Day Pleadings" calling the hearings "more like the ultra-secretive, behind-closed-doors Foreign Intelligence Surveillance Court." He said the hearing feels like an NSA spy meeting.
Molchanov said none of his key questions were answered during the hearing. His questions were: First, insofar as GT's relationship with Apple broke down, was that a function of purely business factors, or was there a major technical/operational mishap at the sapphire fab in Arizona? Second, what is the... More
October 9, 2014 8:11 AM EDT
GT Advanced Technologies (NASDAQ: GTAT) shares are positive in early trading Thursday.
Reports earlier in the week have first day bankruptcy hearings for GTAT expected to begin at 10am today.
The stock is up about 9 percent in pre-market action.
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