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Applied Materials says value of solar order slashed

A major client for Applied Materials Inc's (AMAT.O) solar production gear has slashed its order by more than 85 percent to $250 million, underscoring how a deepening recession is eroding a once red-hot solar sector. Shares in Applied Materials, that has been steadily expanding its solar capacity to offset slowing sales of its semiconductor manufacturing equipment, slid 3.1 percent to $11.20 in after-hours trade.

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Print April 7, 2009, 09:44 (CEST)
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