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Friday, March 29, 2013

Today's hot tech news: A123 is now B456

Lithium battery maker A123 of Waltham, Mass., has changed its named to B456. Honest. Well, sort of.

Like most cutting-edge battery companies, A123 has been struggling to turn good lab tech into good global business, and its purported purchase by Chinese firm Wanxiang Group Corp. has added an element of politics to the turmoil. The name change seems to be related to some securities thing, which is as far as I can understand it from this story in Mass High Tech.

Boy, I'm glad I'm not a business analyst ...