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GT Advanced Technologies, AŞ Message Board

  • well_connected_and_well_off well_connected_and_well_off May 2, 2013 1:08 PM Flag

    “The hefty cut in backlog is a concern,”

    Pavel Molchanov, an analyst at Raymond James & Associates Inc. in Houston, wrote in a note to investors today. “This puts backlog below the $1 billion level, which management has previously targeted.”

    The company also has backlogged orders for $491 million of systems that make polysilicon, the main raw ingredient in solar cells, and $8 million for photovoltaic production equipment.