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Article: Cambridge, Mass., Fuel Cell Tech Firm Finds Success in Tech-Friendly Market.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 2, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 30--David B. Eisenhaure, the founder and chief executive of SatCon Technology Corp. in Cambridge, marvels still about the moment in March when shares in his company topped $40, four times their value 10 weeks earlier.
"Forty-four seventy-five," he said softly with a smile, savoring the peak SatCon hit at midday on March 10 before beginning a steady decline that by Friday had pared its price to $15.25 a share.
Most remarkable, he said, was that while much of the market's roller-coaster activity has been driven by the performance of Internet-based stocks, SatCon is in a far different business, though one that's still subject to stock market volatility. ...