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No. of Recommendations: 3
After leaving the AMSC AGM in July, a couple of us shareholders were talking in the parking lot - and realized that we each hadn't asked the same question: Why was the shareholders' rights plan cancelled, without explanation, in June? The sole announcement from the company in the June press release was a single statement:

American Superconductor's Board of Directors voted on June 20, 2006 to terminate the company's shareholder rights plan (also known as a poison pill) effective as of June 30, 2006.

That was it. Intentionally uninformative.

Now that it is clear, to me, that anything remotely resembling success with 2g will lead to a demand that the company, by itself, can't possibly meet; the very real concern to me is that the company will be acquired for a relative song by one of The Big Guys. I haven't taken a chance on this hi-tech, hi-risk, game-changing - but still unprofitable - company, just to see it bought out between $10 and $15 or something.

Anyone else have an opinion?

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