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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William Epstein who wrote (12588)6/30/1999 8:41:00 PM
From: Eli74  Read Replies (1) of 27311
 
I would question the validity of your story of the two engineers. If there truly was some kind of gizmo that was truly developed 25 or so years ago, and if that gizmo really enabled normal sized cars to get 80 MPG in the midst of the Arab oil embargo or its immediate aftermath, do you really think a major automotive company would have sat on the invention? If they had techonology of that kind back then, they could and would have put every other single automobile manufacturer out of business in about 3 years. Besides, if the device was really patented, wouldn't the patent protection have expired by now? And if it (i.e., the patent protection) had expired, then wouldn't it have been revived by those two engineers? I certainly have no way of knowing for sure, but that story sounds preposterous on the face of it.

It seems to me that you're seeing spooks in the closet, Bill. Come one, turn on the lights and you'll see the monsters are really just piles of dirty socks.

Eli74
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