suntech

[sedgy34]

announcement View attachment Suntech CEO Letter Mar13.pdf

 

[moggy1968]

horsepoo, they're doomed. Who would buy from a company going into insolvency. If you have to pay in advance you could lose all your money, because I can guarantee you'll be at the bottom of the creditor list!!

 

[Gavin A]

not necessarily.

The internal chinese market is set to overtake Germany in size this year, and if they get the support from the Wuxi state government that they look to be getting, then this could well turn out just to have been a blip. It's certainly the best time possible for them to do this give that no other chinese company are currently able to export to EU or US anyway, so perceptions over here don't really matter too much, and their future rests largely in Chinese hands both for the initial support and the short to medium term demand.

 

[moggy1968]

yes, and the reporting of this in China may well be somewhat different to the reporting over here!

 

[sedgy34]

Can't see them coming back from this

 

[Symons]

Dude, I am in China, the news were widely debated in China, most of the people think suntech is over, hah, and the behind reason for its fall was said " over reliance on western market, and insufficient domestic market development".

 

[moggy1968]

ah yes, it'll be those nasty westerners again then!:wink_smile:

 

[Symons]

hah, yea, kind of. :cuss: