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Technology Stocks : American Superconductor (AMSC) -- Ignore unavailable to you. Want to Upgrade?

To: Josephus who wrote (596)	1/30/2004 7:26:11 AM
From: big guy	Respond to of 973

Here is the AMSC chart I'm watching Jody. stockcharts.com[r,a]waclyyay[pb50!b200!d20,2!i][vc60][iub14!ua12,26,9!ul14!lk14!lh14,3!lg!lc20!lf!lr14][j22511915,y]&listNum=2 Blue lines should provide support. Heavy blue line near $14 is where I'd be looking at buying. That said it may never get that low.

To: Josephus who wrote (596)	2/5/2004 9:46:06 AM
From: David C. Burns	Respond to of 973

American Superconductor Reports Fiscal 2004 Third Quarter and Nine-Month Results - Record Quarterly Revenues: Up 28% Sequentially, 347% Year-Over-Year - Nine-Month Revenues Up Nearly Three Times Year-Over-Year - SuperMachines Business Continues To Be Profitable / Cash-flow Positive - Backlog for Fiscal 2005 Grows to a Record $40.3 million - Company Updates Expectations for Fiscal 2004 Financial Results WESTBOROUGH, Mass., February 5, 2004--American Superconductor Corporation (NASDAQ:AMSC), a leading electricity solutions company, today reported financial results for the third quarter and the first nine months of fiscal year 2004 ended December 31, 2003. Net revenues for the third quarter of fiscal 2004 were $12.3 million, up 347% over net revenues of $2.8 million for the third quarter of fiscal 2003 and up 28% sequentially compared with net revenues of $9.6 million in the second quarter of fiscal 2004. The net loss was $6.5 million, or $0.25 per share, compared with a net loss of $12.6 million, or $0.60 per share, for the same period last year and a net loss of $7.3 million or $0.34 per share for the second quarter of fiscal 2004. Net revenues for the first nine months of fiscal 2004, ended December 31, 2003, increased by nearly three times to $29.7 million compared with $10.1 million for the first nine months of fiscal 2003. The net loss was $22.2 million, or $0.96 per share, compared with a net loss of $33.7 million, or $1.63 per share, for the same period last fiscal year. AMSC received $2.9 million in new orders and contracts during the quarter ended December 31, 2003. The Company's total backlog of orders and contracts as of December 31, 2003 was $75.2 million of which approximately $10.6 million is expected to be recognized as revenue in the fiscal fourth quarter. AMSC's December 31, 2003 backlog includes $40.3 million expected to be recognized as revenue in fiscal 2005, which begins April 1, 2004. AMSC ended the third quarter of fiscal 2004 with cash, cash equivalents and long-term investments of $56.9 million and no long-term debt, compared to $8.8 million of cash, cash equivalents and long-term investments at September 30, 2003. In October 2003, the Company issued 5.7 million shares of common stock in a public offering, generating cash proceeds, net of underwriting discounts, of $51.1 million. The Company's net use of cash in the third fiscal quarter was approximately $3 million. ir.thomsonfn.com