A123Systems

  • Apple Settles Court Case With Battery Maker A123 Systems

    Apple Settles Court Case With Battery Maker A123 Systems

    Apple has settled a court case with A123 Systems (via BBC), a battery company based in Massachusetts from which Apple hired some senior employees. A123 had filed a claim accusing Apple of poaching its engineers, particularly those leading key projects at the battery firm. The basis of the suit was that A123 claimed Apple was hiring the employees in order to build its own “large-scale… Read More

  • Apple Accused Of Poaching Auto Engineers For Advanced Battery Division

    Apple Accused Of Poaching Auto Engineers For Advanced Battery Division

    Apple is said to be building a new battery division that competes directly with a firm that builds lithium-ion batteries for cars and other large vehicles, in a new lawsuit that accuses Apple of poaching engineers from said firm in order to build said division. Battery maker A123 Systems has filed court documents related to the new suit that say Apple has been aggressively pursuing its… Read More

  • Venture Exits Still Anemic In Third Quarter, Down Nearly 50 Percent (Charts)

    Despite a couple large IPOs (LogMein and A123Systems) and a steady but tempered flow of mergers and acquisitions, financial exits for venture-backed companies remained anemic in the third quarter of 2009. Data released by both Dow Jones VentureSource and the National Venture Capital Association/Thomson Reuters show declines in both M&A and IPO dollars. VentureSource counts $2.9 billion… Read More

  • Is the IPO Window Opening Up Again? A123 Systems Files

    Companies itching to IPO are braving the markets again. This morning, Rackspace had its IPO, and today nanotech battery company A123 Systems filed its IPO registration document (an S-1) with the SEC. The Boston-based company is hoping to raise $175 million in an IPO. (It’s already raised $132 million in venture funding from Sequoia, General Motors, Motorola, Qualcomm, and… Read More