Thursday, May 1, 2008

LDK CEO's New Company was Applied Materials Mystery $1.9 Billion Order (AMAT, LDK)

From Greentech Media:

LDK CEO Starts Thin-Film Firm
...The LDK Investor Group says Best Solar, a thin-film startup founded by LDK CEO Xiaofeng Peng, placed the $1.9 billion order that Applied Materials reported to the U.S. Securities and Exchange Commission in March.

...In a report released Tuesday, Hakan Telenius, the group’s organizer, said the buyer is Best Solar, a new company set up by LDK CEO Xiaofeng Peng.

Best Solar is an independent company that is unrelated to LDK -- other than sharing a founder -- and that aims to become the world’s largest supplier of thin-film solar panels, according to the report....MORE

HT: earth2tech

It's good to have goals.