-GSF is investigating options to monetize some of the projects. The sale of projects should result in the payment of cash dividends to Suntech and then become a source of cash going forward. We will update you on their progress in due course. -best way for us to ensure low cost polysilicon supply while minimizing capital outlay is to partner with some other leading poly players, by leveraging our scale and a market position, we intent to secure supply at below spot market price -In addition, we signed two two-year agreements for a total of 175 megawatts with leading Italian solar companies. -Turning now to the Americas, I am pleased to announce that we were the number one supplier of solar panels in the Americas in 2010 with more than 250 megawatts of shipments there.
In the fourth quarter, shipments to this region increased by more than 80% -in cell manufacturing, we now only require 2.7 people per megawatt, down from 4.1 people per megawatt in 2008. -Suntech’s net revenue for the fourth quarter was $945.1 million, approximately 27% higher than our third quarter 2010 result -Equity in earnings of affiliates in the fourth quarter of 2010 was $322.9 million
so lower the price target to $6 they are profitable wtf