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Strategies & Market Trends : Pluvia's Fist.com - Pluvia's Plays & Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (1476)	11/20/2003 8:22:10 PM
From: Smartypts	Read Replies (1) \| Respond to of 1766

BCON-This is all I could find that's pertinent but I'll ask the gearheads about the technology tomorrow. July 2, 2003 SatCon sells most of Beacon Power stake Boston Business Journal Cambridge-based SatCon Technology Corp. in June sold over 80 percent of its shares in Beacon Power Corp., a Wilmington-based company that was started as a SatCon subsidiary in 1997. The sale of 3.9 million shares of Beacon stock brought SatCon a gain of $800,000. The shares were sold between June 11 and June 19, for total proceeds of $1.5 million, out of which commissions and charges were paid. As of the end of June, SatCon still held 709,284 shares of Beacon stock and could choose to sell them depending on price and other considerations, a filing with the U.S. Securities and Exchange Commission said. Beacon Power holds an exclusive, royalty free, perpetual license to use SatCon's flywheel technology. SatCon makes high-power electronics used in power systems. SatCon's share price recently hit a one-year low, closing at 60 cents per share. The company's high of $1.87 was hit in December. SatCon has been struggling and in need of capital, the company reported in its May 13 quarterly report.