Monday, November 15, 2010

A123 : The above is the weekly chart of A123 since IPO. This is a huge waterfall, still losing money counter. So, the risk is HIGH.

Link : Click here

NEWS : SAIC Picks A123 for 2012 Electric Car

One of China’s largest automakers has tapped Massachusetts-based A123 Systems to supply lithium-ion batteries for an electric car slated to roll out in 2012. A123, a poster child of government efforts to jump-start a U.S. advanced battery industry, announced the deal on Tuesday, amidst reporting disappointing earnings for the three months ending September 30.

A123 reported a loss of $43.7 million in the third quarter of this year, substantially more than the $22.8 million loss posted in the same period a year earlier. In addition, the company’s operating expenses climbed to $41.1 million for the quarter, nearly double the $20.8 million reported for the year-earlier period.


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