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To: GST who wrote (103456)	5/15/2000 9:24:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>Fuel cells are the real "new economy". So are superconductors. >Westborough, Massachusetts, May 15 (Bloomberg) -- Shares of American Superconductor Corp. rose 14 percent after the superconductor developer said it plans to build a $30 million wire plant next year, which will increase its capacity by 20-fold. American Superconductor shares rose 4 to 33 5/8. They have nearly tripled in the past year. Investors are showing an increasing interest in superconductor technology, which its developers say can help electricity and telecommunications networks run more efficiently by letting electricity flow with almost no resistance through materials cooled to very low temperatures. ``This is giving investors confidence that the earnings (for American Superconductor) will eventually come and they will be substantial,'' said David Kurzman, an analyst with H.C. Wainwright & Co., who has a ``buy'' rating on American Superconductor. Westborough, Massachusetts-based American Superconductor said it plans to employ 225 people at its plant at the Devens Commerce Center, in Ayer, about 35 miles northwest of Boston. It expects to begin commercial production of the superconductor wires in 2002. The company's pilot plant in Westborough makes 500 kilometers a year of wire, which is used in power cables, motors and electric generators. The new plant will be able to produce 10,000 kilometers a year of wire and can be expanded to meet future demand. American Superconductor said its fiscal-year revenue rose 34 percent to $15.1 million from $13.1 million the previous year. The company's loss widened to $17.6 million, or 1.11 a share, in the year ended March 31, from a loss of $15.3 million, or $1.01, in fiscal 1999. It probably won't begin turning a profit until 2002, Kurzman said. May/15/2000 16:23 GMT