Saturday, May 24, 2008

Memorial Day Reading: May 2008

No matter how busy you may think you are, you must find time for reading, or surrender yourself to self-chosen ignorance. ~ Confucius

Evergreen Solar (ESLR) said Thursday it received two long-term contracts worth nearly $1 billion.

The company inked a $750 million deal with Germany-based Ralos Vertriebs, a major European installer of large-scale solar power plants, for panel deliveries starting this year through 2013 and another deal worth about $250 million with an unspecified U.S.-based installer.

Industry watchers applaud the two contracts, for they validate customer acceptance of the solar panel maker's proprietary "string-ribbon" technology and will permit the solar panel producer to expand scale while further reducing its cost of … [continued…]

"Nothing personal; just business, " C.R. Palmer, the former chairman and CEO of contract oil-driller Rowan Companies, Inc (RDC) writes about his successor, Daniel McNease. Nevertheless, he added, the message should be clear: "You’re fired!"

Palmer is waging an ugly fight to unseat current management at the company, which also supplies equipment for the drilling, mining and timber industries. On May 19, the oil tycoon, who holds Rowan shares worth roughly $46.0 million, wrote an open letter to shareholders to share his lack of confidence in…

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