UPDATE 1-A123 Systems cuts FY revenue view; shares down

Newswire

* Sees 2011 rev $165-$180 mln * Shares down 15 pct pre-market (Follows alerts) Nov 4 (Reuters) - Lithium-ion battery developer A123 Systems cut its full-year revenue outlook citing an "unexpected" reduction in fourth-quarter orders for battery packs from its customer Fisker Automotive. A123 said it now expected 2011 revenue to be $165-$180 million, down from its prior view of $210-$225 million. Waltham, Massachusetts-based A123 said Fisker Automotive reduced the orders to balance ...

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