Maxwell Technologies [MXWL] Message Board

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Technology Stocks : Maxwell Technologies [MXWL]

MXWL 4.480

0.0%

May 16 5:00 PM EST

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To: Dinesh who wrote (16)	3/15/2010 6:23:42 PM
From: Ausdauer	of 31

Sorry, I posted the BYD story... ...just to show that there is momentum in the industry. BYD is also a battery manufacturer and they are new to making automobiles. They plan to launch an all- electric vehicle in the US. I suspect they use some sort of braking recovery system, but am not sure of their source. Didn't mean to imply that Maxwell was involved. SGA increase I believe was related to expected costs to settle a trade infringement... As previously disclosed, the Company has been conducting an inquiry into the nature of certain payments made to a former independent sales agent in China associated with sales of high voltage capacitor products produced by Maxwell's Swiss subsidiary. The Company has been voluntarily sharing information with the Securities and Exchange Commission and the Department of Justice, and discussions with those authorities are ongoing. For accounting purposes, under U.S. GAAP, based on the Company's estimate of a potential settlement range of $9.3 million to $20.0 million, the company recorded an accrual of $9.3 million in Q409. Aus

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