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Technology Stocks : Astropower (APWR)

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To: jmc who wrote (193)9/30/2002 1:00:00 PM
From: tuck  Read Replies (1) of 214
 
From Briefing.com

>>11:39AM AstroPower falls on customer warning (APWR) 6.73 -1.10: We are hearing that APWR's weakness (-14.1%) today can be attributed to a Bloomberg story out this morning which reported that a major customer of APWR's, Solar-Fabrik, significantly lowered its FY02 rev expectations and announced layoffs as a result of weak demand for solar electric power systems in Germany. According to APWR's latest 10-K, Solar-Fabrik accounted for 17% of total revs in 2001.<<
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