Tech Business Update: A123 Files For Bankruptcy, Apple Has More To Show Us
The electric car battery maker A123 Systems (NASDAQ:AONE) has officially filed for bankruptcy protection, having warned Monday night that it had defaulted on a loan payment. It is unclear how the filing might affect the company’s financing arrangement with China’s Wanxiang Group.
Amazon.com (NASDAQ:AMZN) says it will hire 50,000 seasonal workers for its domestic fulfillment centers for the coming shoopping season.
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Cisco Systems (NASDAQ:CSCO) could be poised to reach a reseller agreement with Citrix Systems (NASDAQ:CTXS), related to the latter’s NetScaler application delivery controllers, say Oppenheimer and MKM. Oppenheimer believes that such a move could allow Cisco, which recently announced that it would de-emphasize its own ADC hardware, to at some point purchase NetScaler for somewhere between $1.5 billion and $2.1 billion.
Apple (NASDAQ:AAPL) invitations proclaim that “We’ve got a little more to show you,” in the widely-anticipated event to be held in San Jose at 1:00 P.M. Eastern Time on October 23rd. Many believe that an iPad Mini intro will be featured and wonder if new Mac Minis and a 13-inch retina MacBook Pro might also be in store for attendees.