Solyndra, the solar panel company that went bankrupt company that went bankrupt in spite of hundreds of millions of taxpayers subsidies is suing a Chinese solar power companies.
Solyndra, a California-based renewable energy firm that received a $535 million government loan, is seeking $1.5 billion in damages from Suntech Power Holdings, Trina Solar and Yingli Green Energy Holding. The firm alleged that the Chinese companies engaged in "attempted monopolization, conspiracy, predatory pricing" and other tactics in an aim to destroy Solyndra, according to the complaint filed in federal court.
Hmmm... monopolies can only be state enforced. Is Solyndra saying USA gave the Chinese a monopoly? The Chinese use a different technology for solar power panels. How do you use predatory pricing when offering a different product?
This came after the US Commerce Department affirmed anti-dumping duties against Chinese solar firms on Oct 10, ruling that their production was made artificially cheap because of unfair subsidies from the Chinese government.
So Solyndra is complaining that the Chinese got subsidies form the Chinese government? But Solyndra got subsidies from the USGovernment. So what is the lesson here? If you want to be successful in business, get subsidies from a communist government, because they are better at it?
Feel free to forward this by email to three of your friends.
Solyndra, a California-based renewable energy firm that received a $535 million government loan, is seeking $1.5 billion in damages from Suntech Power Holdings, Trina Solar and Yingli Green Energy Holding. The firm alleged that the Chinese companies engaged in "attempted monopolization, conspiracy, predatory pricing" and other tactics in an aim to destroy Solyndra, according to the complaint filed in federal court.
Hmmm... monopolies can only be state enforced. Is Solyndra saying USA gave the Chinese a monopoly? The Chinese use a different technology for solar power panels. How do you use predatory pricing when offering a different product?
This came after the US Commerce Department affirmed anti-dumping duties against Chinese solar firms on Oct 10, ruling that their production was made artificially cheap because of unfair subsidies from the Chinese government.
So Solyndra is complaining that the Chinese got subsidies form the Chinese government? But Solyndra got subsidies from the USGovernment. So what is the lesson here? If you want to be successful in business, get subsidies from a communist government, because they are better at it?
Feel free to forward this by email to three of your friends.
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