GCLreported2H11solarbusinessrevenue/grossmarginofHK$7.75bn/29%vs.ourestimatesofHK$7.62bn/33%,mainlyduetolower-than-expectedwaferASPpartiallyoffsetbybetter-than-expectedunitcoststructure.Totalwafer/polyshipmentwasin-linewithourexpectation,despitedifferentproductmix.Significantlyhigher-than-expectedOPEXexpenseandhigherborrowingexpensenegativelyimpactedearnings.GCLreporteddiluted2...