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Technology Stocks : SatCon Technology (SATC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (425)	8/16/2005 12:55:54 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 440

SatCon Tech 3Q Losses 7c/Shr Vs 3c DOW JONES NEWSWIRES August 16, 2005 11:44 a.m. -- BOSTON (Dow Jones)--SatCon Technology Corp.'s (SATC) fiscal third-quarter loss widened on higher manufacturing costs ahead of a planned production increase at its power systems unit. In a press release Tuesday, the maker of electronics and motors also said it sold 4.7 million common shares and 1.2 million stock-purchase warrants for $5.8 million, less fees, to expand its marketing efforts in the alternative-energy, hybrid-vehicle and grid-support markets. Following the news, shares of SatCon were down 14.1%, or 23 cents, to $1.40 in recent trading. For the quarter ended July 2, SatCon posted a loss of $2.27 million, or 7 cents a share, compared with a loss of $795,109, or 3 cents a share, a year earlier. Revenue fell slightly to $8.16 million from $8.61 million. SatCon has about 33.4 million shares outstanding and a market capitalization of $54.4 million, based on Monday's closing price of $1.63. SatCon Technology Corp. - Boston 3rd Quar July 2: 2005 2004 Revenue $8,157,768,000 $8,612,028,000 Net income (2,273,901) (795,109) Avg shrs (diluted) 33,364,094 28,078,113 Shr earns Net income (.07) (.03) Figures in parentheses are losses. Company Web site: satcon.com