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A123 SYSTEMS, INC. Message Board

  • gogotron2 gogotron2 Apr 14, 2012 3:28 AM Flag

    GM acquisition rumors substantiated

    When I first heard the rumor (I live in Chgo area) called friends in Detroit, NYC & Boston & got confirmations in several different ways. Price to be between 5 & 6 dollars a share. Complicated because of heavy Govt. involvement in both cos.

    For accting purposes, cost above book value will be applied to patents so there will be little "good Will" costs. Further complications arise from MIT's
    know how (in the form of patent applications) on how to reduce size & cost of batteries while increasing charge density & life.

    Feeling is that all cars worldwide in the future will have batteries just like carburetors (which are being changed to use compressed natural gas) so that these specially patented batteries will be standard equipment just like existing batteries are.

    Many bureaucratic Govt. committees & regs involved with both cos. severely complicate all aspects of a complicated deal. GM heavily involved in future battery design which caused the explosion.

    IPO & early investors will never get even. While I'm always glad to take a profit, am somewhat disappointed because I thought this would be a $20
    stock & be a growth co. for years like McDonalds, Walmart & Microsoft.

    Inflection point in history IMO because cost of automobile transportation will be going down.

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