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Applied Materials to “Redesign” Sunfab Business $AMAT
The slump in Applied Materials’ SunFab solar linecontinued Wednesday with sales and orders tumbling in the second quarter and the red ink increasing. With the business now at perilous levels, Applied Chief Mike Splinter said sharp cuts were on the way, even after an $83 millionsecond-quarter write down of SunFab equipment the company doesn’t thinkit [...]
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