Thank you for sharing this. It's nice to see current news on the board.
That said, its author, Louis Schwartz either totally misunderstood or misrepresented the source and extent of the attack on AMSC. He tut-tuts Sinovel's declining market share and notes the increasing competition for Chinese wind installations without recognizing the obvious fact that Sinovel's competitors likely benefited from AMSC's IP "transfer" to China. He calls out the fact that since Sinovel's IPO at the same time as the theft their market cap has fallen has fallen by 96% without apparently recognizing that investors have been fleeced along with AMSC.
He either doesn't understand or won't publicly admit that this was and continues to be an integrated military-industrial-judicial strategy implemented at the highest levels of the Chinese government. China not only stole AMSC's technology but ran up orders beforehand to increase the damage to its American investors and employees. China conned Sinovel's investors and lenders even after deciding to let it die on the vine to create an excuse for not paying back what was clearly owed. And China used their military to spy on AMSC's legal department as surely as they are using their excuse for a legal system to deny justice.
And Schwartz has the nerve, or stupidity, to suggest that what was stolen was only of a temporary benefit. "The very nature of cutting edge technology is that it is constantly being improved; stolen software quickly becomes outdated and less valuable."
His missing the point is probably grounded in his conflict of interest. His blurb reads "Lou Schwartz is a lawyer and China specialist whose firm, China Strategies, LLC, focuses on the environmental and renewable energy sectors in China and provides its clients a range of support, including research and analysis, due diligence, merger..."
Schwartz is not a critic of Sinovel. He's an apologist for China, an errand-boy, and a blatant one at that.
And I got a kick out of your "I care", because I've learned to think otherwise. Mchase, I might assume you're an actual investor and that your time checking the board here is based on a genuine interest in AMSC news and information. But you post continually, even when you have nothing to offer besides repetitive jokes based on insults. Being a comedian is either not why you're here, as you said earlier, or it is. I don't want to debate this. It's up to you to show me if I'm wrong. You could start with a link or search terms for the rail gun news that started this thread. Maybe I'm out of line and message boards are used more like chat rooms used to be. But I think they're a place for information and ideas about a single stock and its directly related competitors, suppliers and imminent acquirers/acquisition targets. I go elsewhere to post about other topics
The ball beaters on this board want to trade a pop to $8. A GE buyout give them that. Long-timers deserve to see $50. A GE buyout would steal that and give Immelt a $.15 pop in earnings someday. Young Buffett would have bet on AMSC. Today's Buffett would rather steal it in the bond market and on K street.