So this all looks very fine, but with commodities like cotton having spiked in the last quarter, and many retailers citing higher materials costs as affecting margins already, where are the price hikes in apparel?

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Should the deal fall apart, First Solar would sustain a blow to its developing emphasis on designing, building and selling large solar projects to developers a strategy that was supposed to keep the company on an even keel amid squeezed margins affecting its solar-manufacturing business, which has seen industry-wide head winds.

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It makes it nearly impossible for energy heavy companies to reduce electric power costs, cutting into margins and affecting growth.

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Namely the public sector, where government spending was down, and in Europe, where sovereign debt problems were affecting government spending and the company saw declining sequential gross margins.

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