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Wednesday, April 7, 2010 as of 11:14 AM ET

Corporate Espionage

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Industrial espionage, economic espionage or corporate espionage is a form of espionage conducted for commercial purposes instead of purely national security purposes.

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  1. Lawrence Ellison
  2. Larry Ellison
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US Wind-Power Firm Retools After Setback In China

American Superconductor Corp.

(AMSC) is maintaining a laser focus on expanding in China , despite its disastrous relationship with Sinovel Wind Group Co. Ltd. (601558.SH), China's largest wind-turbine maker.The Massachussetts-based company, which makes software and hardware for wind turbines and electric transmission systems, has seen its revenue and stock price plunge since March, when American Superconductor, or AMSC, says Sinovel stopped paying its invoices and stopped accepting previously scheduled shipments.On Thursday, AMSC booked revenue of about $48 million for the nine months ended Dec. 31, about one-fifth of its revenue for the same period in 2010.AMSC is seeking $1.2 billion in payments and damages from Sinovel in lawsuits and an arbitration proceeding it filed last year in China. The U.S. company has accused Sinovel of stealing valuable trade secrets, copying protected software and canceling contracts.A court in China's Hainan province dismissed one of the three lawsuits la...

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