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No. of Recommendations: 2
I didn't see this one coming. AMSC decides to just go ahead and buy Windtec.

http://phx.corporate-ir.net/phoenix.zhtml?c=86422&p=irol-newsArticle_Print&ID=936714&highlight=

An interesting thing about Windtec is that it's somewhat of an IP based company. They will license their design to other manufacturers to actually construct the equipment. This is important in countries that require significant local content in order to make a sale.

I'm wondering if we'll see another offering to cover this, or if AMSC expects the turbine/power module business to pay for itself.

Doug
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Duh! I read the press release more carefully and see that the purchase was an all stock deal. So there are 1.3 million shares outstanding right now, and could be another 1.4 million issues depending on how things go with Windtec.

Doug
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Well the market seems to like it - The stock is up 7% so far today - At 10:30 East Coast time.
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