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Stock Market & Financial Investment News

News Breaks
January 10, 2013
08:40 EDTGTATGT Advanced to idle HiCz materials pilot manufacturing facility in St. Louis, MO
GT Advanced Technologies is transitioning to a functional organizational structure from its prior business unit organization as it continues to streamline operations and position the company for growth once the markets it serves start to recover. Under the new structure, sales, service and worldwide operations will be centralized under the leadership of Dan Squiller, who will continue to report to president and CEO Tom Gutierrez. Dave Keck, formerly general manager, polysilicon and photovoltaic equipment, will lead the company’s sales and service across all businesses, reporting to Squiller. Jeff Ford, vice president of DSS business development, will continue to have responsibility for GT's DSS business, leveraging his extensive industry knowledge and experience to ensure that GT continues to support its DSS customer base as the company transitions to next generation PV technologies. As part of the reorganization of resources, the company is shifting final development and beta build activities for its HiCz product to its Merrimack, NH facility and will be idling its HiCz materials pilot manufacturing facility in St. Louis, MO. As a result, the company will layoff approximately 35 employees in St. Louis. These employees will be provided severance pay, health and dental benefits and outplacement services. GT remains committed to the commercialization of the HiCz platform, a next generation PV furnace that will produce N-type silicon wafers to help make more efficient solar cells, and improve the economics for PV manufacturers by lowering the cost per watt of solar energy. The company expects to be ready to offer the HiCz product by mid-2013, but given current market conditions in the PV industry, orders for the new generation systems may not occur until 2014 when the industry begins to recover.
News For GTAT From The Last 14 Days
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October 21, 2014
19:34 EDTGTATGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
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10:29 EDTGTATGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
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October 15, 2014
06:37 EDTGTATGT Advanced executive sold shares before bankruptcy, WSJ says
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06:16 EDTGTATApple asks permission to lodge objections to GT bankrupcy in secret, Re/code says
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October 13, 2014
09:39 EDTGTATActive equity options trading on open
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October 10, 2014
17:57 EDTGTATGT Advanced calls Apple demands 'burdensome, oppressive,' Bloomberg reports
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17:14 EDTGTATMarket ends week lower amid global growth worries
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09:00 EDTGTATOn The Fly: Pre-market Movers
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07:08 EDTGTATApple given at least 3 days to block info in GT bankruptcy case, Reuters says
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October 9, 2014
18:47 EDTGTATOn The Fly: After Hours Movers
UP AFTER EARNINGS: Helen of Troy (HELE), up 3%... Barracuda Networks (CUDA), up marginally after reporting second quarter results. ALSO HIGHER: Sucampo Pharmaceuticals (SCMP), up 19.2% after announcing settlement agreement resolving patent litigation on AMITIZA... Civeo (CVEO), up 15% after Greenlight Capital reported a 9.99% stake in the company... EXCO Resources (XCO), up 10.6% after T. Boone Pickens says that company approached by buyers, reported by Bloomberg... EXACT Sciences (EXAS), up 3.7% after announcing final national coverage determination for Cologuard... US Ecology (ECOL), up 2.5% following announcement that it will replace Measurement Specialties (MEAS) in S&P 600. DOWN AFTER EARNINGS: Procera Networks (PKT), down 19.3%... Sizmek (SZMK), down 13.9% following third quarter revenue guidance... VOXX International (VOXX), down 12.5%... Knowles (KN), down 8.1% after lowering third quarter guidance... Microchip (MCHP), down 8.2% after lowering second quarter guidance... Juniper Networks (JNPR), down 3.6% after lowering third quarter outlook. ALSO LOWER: GT Advanced Technologies (GTAT), down 23.3% following a Bloomberg report that it will as to wind down sapphire operations.
18:32 EDTGTATGT Advanced to ask to wind down sapphire operations, Bloomberg reports
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12:37 EDTGTATGT Advanced argues to keep bankruptcy explanation documents sealed, Reuters says
GT Advanced argued on Thursday that it could not reveal the details of why it filed for bankruptcy, and that the court should keep the documents that explain why GT Advanced went bankrupt sealed, due to confidentiality agreements, Reuters reports. Reference Link

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