American Superconductor (AMSC) Message Board

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Technology Stocks : American Superconductor (AMSC)

AMSC 59.21

+5.3%

Nov 5 3:59 PM EST

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To: Roger Schelling who wrote (305)	1/2/2000 7:33:00 AM
From: Wafa SHIHABI	Read Replies (2) of 973

Superconductivity; A coming of age? The superconductor sector is exhibiting strong symptoms of coming of age. Previously it was only followed by a few science affectionados and hipsters. The sector was expectedly disappointing. However, 1999 witnessed the beginnings of commercialization and mainstream business acceptance. Product testing by industry has now accumulated more than a full year of full load testing of superconducting products in industries as diverse as power transmission, telecommunication and several magnetic applications, most notably MRI equipment. Market trading activity is also starting to mature. Rumor driven spikes in volume and price and hyped activity is giving way to institutional positioning and serious anticipation of management restructuring results. The analysts have not arrived on the seen yet, but they can not be far behind. AMSC?s trading activity consists of more than 50% institutional buying. IMG trading is building up on the basis of decisive steps taken by management to restructure operations. Trading in CDTS, ISCO and SCON is based more and more on expected industry acceptance of superconducting filters in 2G and 3G wireless base station design after excessive testing in 1998 and 1999. The sector has performed well for 1999. It has gained 138% on a market cap weighted basis. The largest gains were registered in the forth quarter, particularly December. Trading volume gains followed a similar pattern. In short, the sector ended 1999 on a very strong note. Most issues were amongst the top 5% of the market on a technical basis. The year 2000 promises to be an even more exceptional year, as the expected product announcements start to flow, and the sector gains wider institutional acceptance. Increased analyst activity should not be difficult to expect. With it should come widespread market recognition. The following is a summary of the sector?s key market data and links to the various company?s trading charts: WHS-Superconductor Index & Performance of the superconductor sector in 1999 31/12/98 31/12/99 G/(L)% Symbol Sh O/S Closing Mkt Cap Sh O/S Closing Mkt Cap Price Mkt Cap Mill Price $Mill Mill Price $Mill AMSC 15.37 10 5/8 163.28 15.49 28 433.58 164% 166% IMG 12.50 5 7/8 73.44 12.38 8 3/4 108.36 49% 48% CDTS 7.14 1 5/8 11.61 7.16 11 3/4 84.09 623% 624% SCON 7.72 3 3/4 28.96 7.74 4 7/8 37.73 30% 30% ISCO 12.56 1 12.56 12.76 1 31/32 25.12 97% 100% Sector 55.29 5.24 289.85 55.53 12.41 688.89 137% 138% Index 100.0 237.7 Superconductivity Chart links AMSC bigcharts.com IMG bigcharts.com CDTS bigcharts.com SCON bigcharts.com ISCO bigcharts.com The forgoing does not represent an invitation to invest in any of the companies mentioned or the sector in general. It is purely the opinion of the writer.

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