GT Advanced Technologies Inc fka GTAT

[XenaLives]

First of all - the furnaces work just fine, just not at the 260K level yet. When they do perfect the process it just requires a new crucible. No one in the industry has anything better.

The purpose of the CH 11 was to ditch Apple's contract. It should be downhill from there now, just put the right paper work together and sell some furnaces or possibly get some DIP finacing too, but maybe not necessary.

"The risk of GTATQ" is minimal. Apple seems to want them out of bankruptcy too.

Quite difficult to answer and argue but keep in mind that Apple is a company which needs to invest for profits and on the other hand there is GTATQ in chapter11 ... what is your impression when you're a member of strategy management (purchase, project, technology ...) - would you wait and invest in a bankrupt company/supplier and even poor quality/yield?
You will never get access to nominate GTATQ for new projects as long as this company delivers under terms of judges and insolvency ... no way!

When Apple is planning to provide a whatever screen (CE oder NON-CE industry) with the technology of GTATQ furnaces then it is absolutely necessary that GTATQ will quit chapter11 or sell furnaces (working ones) to another supplier which is an official one for Apple.
But whoever will be the buyer know the risk of GTATQ. Apple won't buy products from insolvent partners (see corporate purchase agreements) - JMO