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American Superconductor Corporation Message Board

  • kentabcd kentabcd Jan 17, 2013 3:35 PM Flag

    China court ruling


    Why would China rule in favor of Amsc?

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    • Though Chinese courts will make the final determination, the confession and conviction of a former employee of AMSC subsidiary WindTec for intellectual property (IP) theft and collusion with Sinovel, China’s biggest wind manufacturer and the second biggest in the world, make it difficult to discredit AMSC’s version of events.

      “Consider the evidence,” said AMSCPresident/CEO Dan McGahn of the company’s cumulative $1.2 billion case against Sinovel. “We have hundreds of emails and messages between senior-level Sinovel staff members and our now-incarcerated former employee.”

      The messages, McGahn said, show Sinovel requested the stolen IP and that senior-level Sinovel employees knew the IP was obtained illegally and would damage AMSC. And there is physical evidence: signed contracts with Sinovel and related parties promise the employee more than $1.5 million, and emails contain the actual IP transfer.

      Sentiment: Strong Buy

    • its in there best interest to settle this in amsc's favor. if not they will lose much more in future business relations with not only usa business but worldwide companys, who expect to play on a semi level playing field at the least, not to mention the trillions of dollars that the usa owes the chinese govt.

      Sentiment: Buy

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