Applied Materials: Will They Ever Succeed in Solar Sector?
The Street is having increasing doubts about whether the solar equipment business at Applied Materials (AMAT) can ever live up to the unit’s once lofty expectations. Applied late yesterday disclosed that an unspecified company that had been planned to buy $1.9 billion of thin-film solar manufacturing gear from Applied has revised its intentions and now will buy just $250 million worth of equipment. It is apparently an open secret on the Street that the company involved in the deal is Best Solar, a company in China founded by the same guy who launched LDK Solar.
