Archive for the ‘Massachusetts’ Category

Questions linger around Evergreen Solar’s Devens decision

Friday, January 14th, 2011

By Kyle Alspach

A final thought or two for the week on Evergreen Solar (Nasdaq: ESLRD) and the Devens doomsday announcement. Or rather, some questions: How hard did Evergreen really try to keep jobs here in Massachusetts? And how long were they planning this?

I haven’t found definitive answers, but I do know what the company’s CEO was saying as recently as November.

“Devens continues to improve its cost structure,” CEO Michael El-Hillow said during the company’s third-quarter earnings call on Nov. 2, adding “we’re generating cash in the United States.”

He then made this statement: “We’re trying to keep jobs here, so we’re not going to push things over there (to China) as long as we continue to generate cash in the United States.”

That was not even three months ago. I’m not sure what has changed for the company since then, forcing Evergreen to decide to close the Devens factory by the end of March and cut 800 of the company’s 925 workers in Massachusetts.

I’d hoped to ask El-Hillow, but Evergreen said he wasn’t available. I did get to talk with investor relations VP Michael McCarthy and company spokesman Chris Lawson yesterday for nearly an hour. However, they wouldn’t say how long ago Evergreen made the decision to pull out of Devens.

They also didn’t offer any hints on what makes circumstances now so different from those in November, when Evergreen was already in the thick of its stiff competition with Chinese solar manufacturers.

Among those most stunned by Tuesday’s announcement were the people on the ground — the workers at the Devens factory, who had been encouraged to feel confident about their jobs by statements like the one I just cited from El-Hillow. One employee told me she thought her job was secure because she worked in solar wafer fabrication, which the company had never hinted would be sent to China.

Another worker, who I connected with on Facebook, lamented that he has no idea how he’ll pay his bills once he joins the already large pool of job seekers in Massachusetts.

Yet corporate decisions like this one — while devastating for low-on-the-totem-pole working people and local economies — are often well-received by shareholders, impatient to see some profits. And Evergreen is unquestionably looking to please its shareholders these days.

Along with the obvious goal of keeping the share price afloat (the stock was in de-listing danger until a recent reverse split), Evergreen also needs shareholder approval on Jan. 31 for a major recapitalization plan. The plan would cut the company’s debt and interest costs, but it would also be very dilutive for shareholders.

McCarthy and Lawson, however, said there are plenty of reasons why shareholders might want to approve this plan regardless of any other factors — namely the lack of other good alternatives for cutting company debt.

Clearly, a lot is coming up in coming months for the struggling Evergreen, which could succeed or fail based on what happens in that time.

But after this week, at least one other thing is clear: Massachusetts will have little at stake in the outcome either way.

38 Studios: Should Curt Schilling stay or should he go?

Wednesday, March 24th, 2010

By Michelle Lang

After the Providence Journal first reported that retired Red Sox pitcher Curt Schilling may move his video gaming startup 38 Studios to Rhode Island, we at Mass High Tech were all a-flutter in pursuing confirmation of the news.

In case you missed it, Schilling will not be moving the startup to the Ocean State … at least not yet. And maybe not to Rhode Island. Maybe to some other state. But his goal is “to remain in Massachusetts.”

Okay, so what then are we reporting? Schilling’s wishy-washy loyalty to the Bay State? The indication that 38 Studios could bring a slew of new jobs — potentially up to 400 or so new ones — that would prompt the need for more space to grow?

Something tells me we may have fallen for the oldest PR trick in the book (maybe not the oldest, but a good one) — any news is better than none. Sure, 38 Studios is an important and promising startup to Massachusetts’ innovation economy and its budding gaming cluster, but really, what companies don’t talk theoretically about growing their number of employees? And what companies don’t weigh their options of moving for the sake of saving a few bucks?

Terrafugia, the Woburn maker of the ‘flying car’, did that just last month. And we chased that talk just as fervently, as did nearly every other local media outlet.

In that case, Terrafugia CEO Carl Dietrich told us that he had six to eight weeks to decide if the company would accept an offer of $4.4 million to move into a facility in Dayton, Ohio. His frustration by the lack of interest from local investors ultimately attracted attention from U.S. Sen. John Kerry, who paid a visit to the company; a couple of state senators who also made the trip to see the flying car and talk with Dietrich; and a group of investors who offered to provide larger headquarters.

No word yet if Terrafugia will fly west for good or if its recent attention garnered the investments it was seeking to stay in Greater Boston.

In the end, the news has thus far succeeded in bringing attention to both companies, which they, no doubt, hope will translate to money and a feasible reason to stay in Massachusetts.

As for us, maybe translating the inconclusive musings of Schilling isn’t so bad…if it means we played a role in keep businesses and jobs in New England.

Women to Watch: What makes them special

Friday, March 19th, 2010

Jim ConnollyBy James M. Connolly

Intelligence, dedicated, leader, innovative, hard-working — they’re all words associated with the 11 women recognized with the Mass High Tech Women to Watch awards this morning. But back at the office we were talking how commonly another word has to be applied to the 2010 honorees and their 60 predecessors.

It’s their humility. It’s so striking. We at Mass High Tech see it over and over again. We contact them in January to tell them they have been selected, and their total surprise is genuine. When we interview them for profiles, they talk about other women who would be more deserving, or how they can’t believe they are in the same ranks with certain women tech leaders that they admire.

2010 MHT Women to Watch

These are inventors, heads of huge development teams and CEOs. They’ve earned the right to brag.

Instead, they stand up at a podium and praise other women. They are grateful to their parents and the members of their teams. They talk about how it just makes sense for them to give back, to help and mentor young people.

Be sure to check out their profiles in this week’s Mass High Tech or on MassHighTech.com. There’s something special about them that goes beyond bits, bytes and biotech. The 250 people who came out to honor them this morning understand it. It’s their humility.

Mass grabs three top places for scientists to work

Thursday, March 4th, 2010

By Julie Donnelly

Julie DonnellySome of the best places for scientists to work for no money are here in Massachusetts. The Scientist magazine has put out its yearly “Best Places to Work” list for post-docs, and three of the top ten are located in Massachusetts. For the uninitiated, post-docs are the low men and women on the scientific totem pole. They toil for long hours in the bowels of Harvard and MIT buildings with no one to talk to but transgenic mice. They get paid something like $40,000, even though they all have Ph.D.s already. They do it because it helps enhance their resumes or, in this economy, because it’s a good alternative to the frosty job search process.

Post-docs are the lifeblood of early stage research, and although most of that research ultimately fails, there would be far fewer drugs on the market today if the post-doc system did not exist. Treating them well would seem to be a societal good.

The most fulfilled post-docs in Massachusetts work at the Whitehead Institute at MIT, according to The Scientist. The survey ranked the institute the third best place to work, out of the top 40 listed in the survey. Workers there said they benefited from exemplary facilities, infrastructure and funding to support their research. However, they gave the Whitehead low marks for communication and being conducive to family and personal life.

The fourth favorite research institution in the national survey wasn’t at Harvard — it was at Swiss drug maker Novartis’ Institutes for Biomedical Research in Cambridge. There, workers extolled Novartis’ equitable workplace and the benefits. But there too, post-docs complained their personal lives had to suffer.

Coming in at number nine on the list was Woods Hole Oceanographic Institution. Here, the workers surveyed said their jobs allowed for family and personal life and offered great opportunities for career development. Woods-Hole post docs said the drawbacks were the facilities and infrastructure, as well as the benefits.

New league brings back foosball — is Y2K to follow?

Tuesday, March 2nd, 2010

By Rodney Brown

Rodney BrownIs it a return of a pre-burst tech bubble stalwart or the final true sign of a new tech apocalypse? The possible harbinger of doom in this case is the newly launched Tech Hub Foosball League.

According to their own PR, the league is a “multi-team collaboration, bringing together Boston’s best techies, strategists and innovators for the opportunity to prove their foosball mastery…” The league will begin to hold weekly tournaments this month, which founders say will feature prizes such as consulting workshops with “the biggest names in innovation.”

Responsible for this blast from the tech past is Chase Garbarino of Boston startup Pinyadda and BostInnovation, and Bonnie Shaw of Somerville’s EchoDitto. Each team will host the foosball games in their offices and will provide refreshments for the real value in this proposition — the pre- and post-game networking.

According to the league’s Facebook page, Game 1 in the tournament is already planned for March 11 at Pinyadda in Boston. While most of the rest of the games in the six-game season have yet to be sited, the finale will be held at Microsoft’s NERD Center in Cambridge on April 22, according to the Facebook page.

The league can be found here Right now, there are nine members on that Facebook page, and only time will tell if the league’s founders have picked the right game to draw techies and innovators together. Do you hear that? Is that a Rock Band league tuning up?

Governor candidates make pitches to Mass High Tech Council

Wednesday, February 24th, 2010

By Chris Anderson
President, Massachusetts High Technology Council

Four of the six candidates for Governor – former Harvard Pilgrim Health Care CEO Charlie Baker, state treasurer Tim Cahill, businessman Christy Mihos and physician Jill Stein – all made pitches for the support of the technology community in the fall elections. Gov. Deval Patrick was invited and declined to participate. Grace Ross, who is challenging Patrick for the Democratic nomination, did not respond to an invitation to participate.

Here is a brief summary of the comments of the corner office hopefuls as well as links to campaign websites:

• Charlie Baker, Republican: Baker, who served as secretary of Health & Human Services and Administration & Finance in the Weld-Cellucci administrations, described his campaign platform as mirroring the council’s public policy agenda, which is strongly focused on education and economic competitiveness. This should not come as a surprise since Baker first served as the council’s communications director in the early 1980s and later was an active member while leading Harvard Pilgrim.

Baker called for the state to adopt a stable and predictable tax and cost structure. He noted that in the past four years, the state had changed its corporate tax structure seven times, leading to uncertainty and mistrust from the employer community. He called for a return to five percent for the state’s sales tax, which was increased to 6.25 percent last year. Baker, a former member of the state’s Board of Education, applauded the council’s work on education reform but said that the really hard work of implementing the reforms lies ahead. The state’s ability to deliver innovations to the district level will ultimately determine how successful education reform in Massachusetts will be. Baker praised the Commonwealth’s ability to reinvent its economy over the years, and, as governor, would support the next reinvention by bringing cost transparency to health care, innovations to the state budget and operations and creating a more competitive business climate for employers and consumers.

• Christy Mihos, Republican: The loquacious Mihos, the former owner of the Christy’s Markets convenience store chain, declared that because the state had ignored the needs of Main Street, “the jobs are not coming” to Massachusetts. He called the state’s health care plan a “budget buster” and urged a transition from the universal program toward Health Savings Accounts and allowing small businesses to buy bulk health insurance. He also pledged to cut state payroll dramatically and bring the state’s sales tax to three percent, which would greatly benefit small businesses on the Rhode Island border. While he opposes casinos, he thinks Massachusetts would benefit from legalizing sports betting.

Mihos, who ran for governor as an Independent in 2006, described himself as an outsider who is running against “big business, big labor, big government and big media.” Mihos also touted his efforts fighting the Big Dig while serving as a member of the Massachusetts Turnpike Authority.

• Tim Cahill, independent: Cahill, who is serving his second term as state treasurer and receiver general, said that Massachusetts has emerged from the “lost jobs decade” and that his first priority is to create a “level playing field” for Massachusetts to compete with other states for jobs and economic opportunity. He also said that Massachusetts had become famous for “borrowing money and buying lottery tickets,” which are not positive distinctions. Cahill hopes that Massachusetts would become famous for having a competitive business climate, by restraining borrowing, trimming the state budget and reducing taxes. The former Norfolk County treasurer favors rolling back the sales tax to five percent.

Drawing a comparison to the success the Red Sox have enjoyed under a new management philosophy, Cahill claimed he could help Massachusetts compete like never before by changing the Beacon Hill tax and spend mindset. Extending the Red Sox metaphor on the eve of spring training, Cahill said that the state should concentrate on the “pitching and defense” basics and “leave the offense” to the job-creating business community.

• Jill Stein, Green-Rainbow: Stein, a physician and environmental health advocate, called for a more cost-effective way to allocate health care dollars because of the impact on the state economy. She said that the state needs to focus on prevention — particularly for chronic diseases – which would free up some of the $79 billion currently spent on health care in Massachusetts for other priorities. She praised the state health care system for increasing access, but thinks costs still need to be addressed.

Stein also sees a “bonanza of jobs” in the state’s energy technology sector, particularly through conservation and renewable solutions. She also believes consumers could cut energy costs with the development of more municipal power companies. As governor, Stein would also work to restore public higher education funding and return the sales tax to five percent.

“I” tops list of words on Spreadshirt t-shirts

Thursday, January 14th, 2010

Boston-based Spreadshirt has released its list of words most frequently printed on its customizable t-shirts for 2009.”I” leads the pack, likely due to people making I-♥-whatever t-shirts. “You” comes in at No. 2, weirdly enough, but there’s no info on whether or not the pronoun in paired with swears or general insults or what. “Obama” comes in at No. 3 in a year when all kinds of people have had all kinds of things to say about the president, and evidently a lot of them are being committed to t-shirt.

The rest of the word category gets free-associative after that: “Coach,” “birthday,” “ever,” the F-bomb.

Obama heads up the list of names, followed by Chuck (for seemingly endless Internet meme Norris), Chris (for Washington Redskins tight end/blogger Cooley and at No. 9, “Rex,” which, depressingly, I can only presume refers to Jets coach Rex Ryan.

Sustainable energy panel breaks out at Winter Classic

Thursday, January 7th, 2010

By Patrick H. Brown

So, you’ve probably heard that old phrase “I went to a fight and a hockey game broke out.” That joke usually accurately describes the knockdown, drag-out viciousness of old time NHL events. However, for guests at a Jan. 5th green-energy happening, a fascinating sustainable energy discussion broke out at a hockey event.

Hosted at the exclusive and lavishly appointed EMC Club, high up in Fenway Park, the event was, at first glance, a tad odd. After all, why would the National Hockey League sponsor a panel discussion titled: “Sustainable Success: A Discussion on Business and the Environment”? The answer was actually delivered as directly and potently as a slapshot into a goal by a group of scientists, corporate and organizational leaders, professors, and athletes.

The panel was, to say the least, impressive. The speakers included Professor John Sterman, of the MIT Sloan School of Management, or Allen Hershkowitz, senior scientist at the Natural Resources Defense Council. Joining those two gentlemen were Kathrin Winkler, chief sustainability officer at EMC Corp, Fred Krupp, president of the Environmental Defense Fund, and Mike Richter, the legendary goalie who helped the U.S. team win silver in the 2002 Olympics and who lead the New York Rangers to a Stanley Cup victory in 1994. Moderating the whole show was the witty New York Times columnist, David Brooks. Of course, where would an NHL event hosted at the Winter Classic venue be without the commissioner of the entire NHL, Gary Bettman played host. (more…)

Penny Arcade Expo: Even bigger in Boston than it is in Seattle?

Tuesday, December 29th, 2009

By Todd Bishop, TechFlash

TechFlashLooks like the expansion of Penny Arcade Expo (PAX) to Boston won’t qualify as a mere token version of the show for East Coasters. Penny Arcade artist Mike Krahulik, posting as his alter-ego, Gabe, reported last week that PAX East is looking like it will be “as big if not bigger” than PAX in Seattle, based on pre-registrations.

“I can’t believe I’m saying this about the first year of PAX East, but if pre-registration keeps going like this we will probably have to cap attendance just like we did this year in Seattle,” Krahulik wrote.

The addition of the Boston show was designed to help satisfy demand for the show, commonly described as a Woodstock for video-gamers. PAX, which started in 2004 in the Seattle area, sold out the Washington State Convention & Trade Center in September this year, with an estimated 70,000 people in attendance.

PAX East is scheduled for March 26 through March 28 in Boston, at the Hynes Convention Center. See this page for registration details.

OLPC shows off XO 3.0 tablet concept

Wednesday, December 23rd, 2009

One Laptop Per Child has unveiled its latest concept of a future XO laptop, the XO 3.0.

The 3.0 is more of a tablet than a laptop, and it’s $75 projected price undercuts OLPC’s as-yet-unrealized $100 goal for the first XO by $25. The tablet would feature a screen courtesy of ex-OLPCer Mary Lou Jepsen’s display technology startup Pixel Qi.

The tablet looks pretty fancy, but it’s just a concept with a target date of 2012. Last month, the Cambridge-based nonprofit killed plans for its similar-except-foldable XO 2.0. Also, founder Nick Negroponte told Forbes, “”We don’t necessarily need to build it. We just need to threaten to build it.” So you might not want to hold your breath.

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