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Apple's Car Could Be At Least 10 Years Away
Monday, May 18, 2015 - 2:36pm | 568Read More...All signs indicate that Apple Inc. (NASDAQ: AAPL) is at least experimenting with the idea of building its own car-related technology, if not actual automobiles. In a lawsuit filed earlier this year, A123 Systems accused Apple of poaching employees to develop a large-scale battery division. More...
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Here's Why Apple May Be Working On An Electric Car
Monday, May 18, 2015 - 11:21am | 325Read More...Venture Beat reported on Sunday that Apple Inc. (NASDAQ: AAPL) will settle a lawsuit brought against it by A123 Systems, a battery company that claimed the Cupertino-based company deliberately poached its employees so it can develop its own car battery technology. One of the employees Apple is...
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Weekly Tech Highlights: Apple's Battery Division, Why Apple Needs BlackBerry And More
Saturday, May 16, 2015 - 9:18am | 767Read More...The second week of May was filled with M&A rumors, unlikely partnerships and an unexpected acquisition. Apple Rumored To Be Interested In Buying BlackBerry Apple Inc. (NASDAQ: AAPL), the world's largest corporation, was rumored to be looking at BlackBerry Ltd (NASDAQ: BBRY) as a possible...
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Apple Sued By Electric Car Battery Maker; Are The Rumors About The Apple Car True?
Thursday, February 19, 2015 - 3:35pm | 382Read More...Tech giant Apple Inc. (NASDAQ: AAPL) has been recently sued by electric car battery maker A123 Systems for ‘poaching’ its top engineers to allegedly work for Apple’s new battery division. This news has added fuel to the rumors of Apple developing its own cars. Jeremy...
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Morgan Stanley Upgrades A123 To Overweight, $9 PT
Monday, June 13, 2011 - 7:12am | 26Read More...Morgan Stanley has upgraded A123 Systems (NASDAQ: AONE) from Equal-weight to Overweight and has established a $9 price target.
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UPDATE: Bank of America Merrill Lynch Lowers Price Objective on A123 Systems to $8 (AONE)
Tuesday, May 10, 2011 - 7:25am | 128Read More...Bank of America Merrill Lynch is out with its report today on A123 Systems (NASDAQ: AONE), lowering its price objective from $10 to $8. In a note to clients, Bank of America Merrill Lynch writes, "Last quarter, we upgraded the stock to Neutral a bit prematurely as the fund raising and 1Q guidance...
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Bank of America Lowers PT On A123 Systems To $8
Tuesday, May 10, 2011 - 6:50am | 28Read More...Bank of America has lowered the price target on A123 Systems (NASDAQ: AONE) from $10 to $8 and maintains its Neutral rating.
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Wunderlich Securities Reiterates Sell and $3.50 PT On A123 Systems (AONE)
Wednesday, May 4, 2011 - 1:40pm | 119Read More...Wunderlich Securities has reiterated its Sell rating and $26 price target on A123 Systems (NASDAQ: AONE) in a research report published today, just ahead of A123 Systems' Q1 results, which are due next week. In the report, Wunderlich states, "A123 Systems (AONE) is scheduled to announce 1Q11...
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Goldman Sachs Upgrades A123 Systems To Buy, $9 PT
Monday, April 18, 2011 - 6:59am | 25Read More...Goldman Sachs has upgraded A123 Systems (NASDAQ: AONE) from Neutral to Buy and maintains its $9 price target.
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Goldman Sachs Maintains Neutral on A123 Systems (AONE)
Tuesday, March 1, 2011 - 10:27am | 89Read More...Goldman Sachs is out with its report on A123 Systems (NASDAQ: AONE), maintaining Neutral. In a note to clients, Goldman Sachs writes, "We remain Neutral rated on AONE shares. Despite a leading technology and rapid capacity expansion, we believe the investment cycle ahead of the revenue ramp is...
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A123 Systems 3Q Results A Mixed Bag; Wunderlich Securities Rating Unchanged
Wednesday, November 10, 2010 - 11:34am | 92Read More...A123 Systems, Inc. (NASDAQ: AONE) reported 3Q10 results that were a mixed bag, Wunderlich Securities reports. The company reported revenue of $26.2 million and a loss of $0.42 per share. “We had forecast revenue of $24.9 million and a loss of $0.31 per share,” Wunderlich Securities writes. “The...
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Higher-Than-Expected Expenses Lead To EPS of -$0.42 For A123 Systems
Wednesday, November 10, 2010 - 9:04am | 113Read More...A123 Systems, Inc. (NASDAQ: AONE) reported in-line 3Q10 revenue of $26.2MM, but higher-than-expected operating expenses led to EPS of -$0.42 (vs. consensus of -$0.30), Deutsche Bank reports. “The co also lowered FY2010 rev guidance to $100MM from $120MM, citing customer launch delays,” Deutsche...
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A123 Trying To Build Credibility, Goldman Still Neutral
Wednesday, August 11, 2010 - 10:15am | 94Read More...A123 Systems, Inc. (NASDAQ: AONE) reported 2Q revenues of $22.6M vs. $27.9M estimated by Goldman Sachs. Losses per share were $0.33, worse than Goldman's estimate of $0.28. A123 Systems has announced its withdrawal from negotiating with Chrysler Group LLC, but has also announced supply...
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A123 Systems (AONE) Shares Jump Nearly 9 %
Tuesday, February 2, 2010 - 11:34am | 108Read More...The share price of A123 Systems, Inc. (Nasdaq: AONE) shot up nearly 9% this morning. The shareholders of A123 Systems received positive news on Monday when the Obama administration's proposed budget included $2.4 billion for the clean technology sector. A123 Systems, Inc. is the designer and...
