Tag Archives: global economic crisis

Applied Materials (AMAT) Sees Solar Order Reduced 85%

Applied Materials just announced that one of its largest clients has reduced the amount of their order for its Sunfab thin-film solar product by 85%. In March of last year, Applied Materials announced that they had received a $1.9 billion order from a nameless company, but as the global crisis has deepened, that order has been reduced to $250 million.

In an article published by Reuters, Gary Hsueh, an analyst for Oppenheimer, commented on the … Read the rest