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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: MGV who wrote (19700)5/14/2000 9:47:00 PM
From: The Vet  Read Replies (2) of 27311
 
I am not going to enter into a slanging match with you and allow you to supplement the income you derive from your activities, so this is my last response to you.

I have read my post again I don't recall making any comment to the effect that Valence has the "best lithium battery technology". I don't know that to be a fact, and you don't know either, so there is no value in your statement except for the negative aura you create by making it.

I don't have to define a competitive market. The market place does that without any input from sages like you or me! I do know that I purchased an expensive "top of the range" notebook computer less than 2 years ago (a Compaq) that has a Ni metal hydride battery in it which was stuffed after only a few months use.

Compaq wants to charge me many hundreds of dollars to replace it. As a consumer I felt that was not satisfactory, and as a result I eliminated both Compaq and metal hydride batteries from my shopping list when I recently bought replacement computers. Price became a secondary consideration as far as I was concerned.

I don't know for certain if Valance can produce a better battery or not. I do know that from my own experience that Ni Cad and metal hydride are not the answer for me. (I am still waiting to make a judgement on Li ion which is what I have in my new Sony laptop).

What I do know is that I personally own and use at least 10 pieces of equipment that use various rechargeable batteries and that the weakest component of all of these devices are the batteries. If Valence can improve on the rather poor assortment of products that are in the market place then they will be successful.

While there are reports that this or that Japanese company are already making millions of Li Poly batteries I have not been able to find a single product on the shelves that have these batteries in them and nobody has shown me a reliable source of information about such a product.

Despite their high profile in the market place MOT, NOK and DELL are not the technology leaders nor do they always make the right business decisions.

I have personally dealt with Nokia and MOT and had them both initially reject a technology which was taken up and placed into products very successfully by their competitors and only belatedly by them.

Of course you are right in saying that Valence has yet to make significant sales and that buying the stock represents a risk. In fact buying any stock entails risk as does crossing every road.

What ever investor must consider when buying ANY stock is; does the price reflect the possible true "risk/reward" ratio. It is my opinion that at the present price Valence is well priced with more upside than downside potential and I am long the stock.

By the time all of your doubts are answered then the stock will likely be over $50 and then you conveniently forget about "extremely high risk" and bleat about it being "EXTREMELY OVERVALUED" instead!
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