Monday, February 4, 2008

AMAT is planning a massive move into Solar.

Fueling the Solar Energy Boom - Applied Materials

"In 2007, Applied's solar equipment sales amounted to only $165 million, or less than 2% of its $9.7 billion in revenues. But the company says it expects the business to generate up to a quarter of sales by 2010, or about $2.5 billion to $3 billion annually. Its ambitious goal: for Applied equipment to be used in the making of nearly three-quarters of all the solar panels forecast to be produced in 2011."

Note: See comments at the original site to see explanation of the "seven to 10 times" statement.

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