Apple to abandon the GTAT "skinny" buddy sapphire stocks "streaking"

A bankruptcy application, let us GT Advanced sapphire material supplier Technologies (hereinafter referred to as GTAT) go down this Monday, the company's share price on the previous trading day $11.05 fell to $0.8, down to 92.76%. GTAT is Chinese because it is well-known investors, Apple Corp partners. Prior to the outside world rumors, iPhone6 will use sapphire screen, in fact, this speculation fell. GTAT's ups and downs, no doubt let the prospects for the application of smart phones in the face of sapphire torture, A shares a sapphire sapphire stocks also have the risk of streaking. The cost of "skinny" Apple abandoned buddy this Monday, GTAT filed for bankruptcy to the district bankruptcy court in New Hampshire. Affected by this news, the company's share price fell more than 90% on the same day, the market value of $more than 1 billion 400 million a day evaporation. GTAT company filed for bankruptcy protection shocked the market, because the company's development prospects have been greatly valued. GTAT earlier this year also predicted that this year's profit will be 2 times in 2013. It is understood that this Thursday, GTAT will hold a bankruptcy hearing to explain the reasons for the announcement of bankruptcy protection. Although the reason is unknown, but many people at the Apple Corp. Public information display, in November 4, 2013, GTAT signed an agreement with apple $five in the past 578 million years, the supply of sapphire manufacturing materials to the market, the market is expected to adopt sapphire screen iPhone6 is coming. Leveraging apple, GTAT's share price was sent to qingyun. 2013, the company's biggest gain was more than 250%, the highest price reached $20.54. The cruel fact is that in September 9th this year, the Apple Corp issued a "glass screen with sapphire screen instead of" a new generation of iPhone mobile phone. It also allows GTAT to drop the earth, since then the stock all the way down, until the bankruptcy crisis. Analysis of iResearch analyst Wang Yaqian, the original apple and GTAT signed a supply contract, known as the GTAT automatic production by intelligent, can let each sapphire screen cost down to $more than and 10. But the ideal is full, GTAT final supply cost is still $more than and 50. And if GTAT can not reach the Apple's quality and production requirements, will not get all of the money, which directly let GTAT quagmire. The mutation of A shares of the company at the anxious face of a well-known domestic mobile phone manufacturers insiders, sapphire glass is a kind of solid material, good scratch resistance. There have been a lot of mobile phone before the use of sapphire glass, but was not used in the screen cover, but the camera glass. He further pointed out that the GTAT sapphire glass in the laboratory of toughness and resilience test is superb, but the screen of high cost, low yield problem has plagued the company, "the intelligent mobile phone is very competitive, in this case only decisively abandon apple GTAT." In addition, in order to cooperate with Apple Corp, GTAT has invested large sums of money for technical improvement, and the deployment of production lines. In November last year, the company announced the establishment of the Arizona sapphire factory, determined to build the world's largest artificial sapphire glass factory. Radical expansion, drag the GTAT money back. In a document released in August this year, GTAT also said that the cost of cooperation with apple to build the plant has a great impact on the company's liquidity and financial position". GTAT dramatically, also let A sapphire stocks deeply disturbed. Yesterday, Han's laser, dew laugh technology, crystal optoelectronics, Southwest Pharmaceutical fell more than 3%. It is observed that the attitude of some listed companies are undergoing subtle changes. In the popular concept of speculation, investors questioning the sapphire project is mainly used in mobile phone screens or lighting lining when a company computers perform computations, reply, "is widely used in LED substrate processing, can also be used in windows, optical field." Yesterday, the company's securities department, told reporters stressed that the bankruptcy of GTAT has no impact on the company, because the company is mainly used in the field of sapphire LED." Is no longer a myth of speculation in stocks at low tide worth mentioning is that the GTAT closed Tuesday at $1.21, or 51%. Wang Yaqian explained, the market calm down, found that the situation may not be so bad GTAT imagined." First of all, GTAT proposed bankruptcy protection rather than bankruptcy liquidation. In this case, the company can still operate as usual. And after the program is started, the creditors will be temporarily prohibited from taking measures to recover the funds or property they have before the bankruptcy filing. Speculation that the Apple Corp should be the company's biggest creditor. Wang Yaqian said, GTAT will be in accordance with the law within a certain period of time to submit the restructuring plan, the company is certainly a pressing matter of the moment of financing, the restructuring plan to see whether creditors agree, if you do not agree with the court will intervene, the result may be forced to accept the plan of Apple Corp. The whole process, in fact, GTAT is more extreme Apple Corp forced strategy." Taking into account in the long term, the possibility of using sapphire technology in the future Apple products is still very large. He judged that the most likely solution is to re sign the agreement between the two sides to adjust the details of the contract, after the delivery deadline. However, after the storm A shares of the stock has been tested. GTAT is the best company in the field of sapphire, which means that the failure of the sapphire screen technology immature. In this case, the domestic mobile phone manufacturers do not dare to force on the sapphire application, resulting in A shares market space is full of a lot of uncertainty.