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Technology Stocks : American Superconductor (AMSC)

AMSC 36.53

-38.3%

3:59 PM EST

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Hawkmoon

To: Hawkmoon who wrote (938)	7/6/2018 3:25:21 PM
From: Art Bechhoefer	1 Recommendation Read Replies (1) of 973

The sentence of $1.5 million, plus one year probation, pending full payment by Sinovel of $57.5 million previously agreed upon by Sinovel and AMSC seems like a minor slap on the wrist. Maybe not even a slap. It is noteworthy that Sinovel cancelled contracts for equipment previously shipped by AMSC, amounting to about $100 million, and that AMSC estimated it has lost some $700 million as a result of Sinovel no longer buying AMSC equipment. Yet the total compensation doesn't even come up to the $100 million breach of contract, much less total losses, much less the interest that should accrue on the breached payments over a period of 8 years. Who does that judge think he's kidding? This is a travesty of justice, from which there is no appeal, owing to the fact that AMSC and Sinovel agreed to dismiss all the suits filed in China. The U.S. Government didn't do its job of protecting its own citizens' intellectual property rights stolen by a foreign nation. Was there possibly a background "deal" involving being nice to China in return for . . . what? Art

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