range of $500 million to $1 billion. Companies usually try to reduce the debt level and reorganize business operations through the Chapter 11 bankruptcy route. Solyndra is the third U.S. solar company to seek bankruptcy protection in the recent past. Former Wall Street high flyer Evergreen Solar Inc filed for Chapter 11 two weeks ago, followed four days later by SpectraWatt Inc, a private company that was backed by Intel Corp. In a statement last week, Solyndra said it could not compete with bigger overseas rivals. Earlier this year, cuts to generous solar subsidies in No. 2 market Italy stalled development of solar projects and led to a global glut of solar panels that sparked a 25 percent drop in prices. Even industry heavyweights such as China's Suntecung reported Tuesday. Loescher said Siemens' business remains robust but he expects the pace of growth to slow from a strong second half in 2010. In addition, pent-up demand after the financial crisis is subsiding, he said. With regard to the intended initial public offering of lamps and lighting systems unit Osram, Loescher said Siemens plans to be a minority shareholder of the company. Floating the company would give Osram mung reported Tuesday. Loescher said Siemens' business remains robust but he expects the pace of growth to slow from a strong second half in 2010. In addition, pent-up demand after the financial crisis is subsiding, he said. With regard to the intended initial public offering of lamps and lighting systems unit Osram, Loescher said Siemens plans to be a minority shareholder of the company. Floating the company would give Osram m