GT Solar International, Inc. (SOLR)

[mlkrborn]

it looks it did indeed!
GT Solar seeks to reassure market after loss of LDK orders
By Jim Jelter
Last update: 2:56 p.m. EDT July 25, 2008
Comments: 1
SAN FRANCISCO (MarketWatch) -- Shares of GT Solar Inernational Inc. (SOLR:
gt solar intl inc com

Last: 2.87-0.39-11.96%
2:30pm 11/13/2008


SOLR 2.87, -0.39, -12.0%) fell as much as 17% Friday to $12 on news that LDK Solar Co. (LDK:
ldk solar co ltd sponsored adr
News, chart, profile, more
Last: 14.26+1.14+8.69%
2:31pm 11/13/2008
Delayed quote data

LDK 14.26, +1.14, +8.7%) , one of its clients, had decided to buy multi- and monocrystalline furnaces from China-based rival JYT Corp. The move prompted GT Solar to issue a statement aimed at reassuring shareholders. "This announcement by LDK does not in any way impact GT Solar's backlog, nor do we believe it will have any effect on our internal targets or projections," GT Solar CFO Bob Woodbury said. GT Solar, which provides equipment and services needed to make photovoltaic wafers and cells, debuted as a publicly traded company on Thursday, raising $500 million through a 30.3-million-share IPO priced at $16.50 a share. End of Story