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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Dennis V. who wrote (22182)11/10/2000 11:01:42 AM
From: drbailey  Read Replies (1) of 27311
 
re: "there have been some troubling delays."

I agree Dennis that the delays have been troubling but as often happens the delays may actually turn out to be positive. The Valence scientific team is no doubt highly respected by competitors and wannabe lith/poly producers. Telcordia certainly just gave them a vote of confidence and validated the progress they have made in getting to the production stage. The fact that it has taken Valence so long to get to this stage will certainly be a major factor in the decision of a company whether to try to reinvent the wheel or jump on the Valence licensing bandwagon. The delays also must have played a role in Telcordia wanting to join with Valence since since they could see how long it would take others to get to where Valence is now.

The delays have also been the reason for the stock price staying down in this range. Valence is once again one of the best stories going and with the full package to sell to companies who see the huge demand for a better battery the story only gets better. We would all love to see a big figure on the revenue line but that will come. The beauty of the licensing potential is that most of the revenue it will produce goes straight to the bottom line.

The market may be a little too nervous right now to absorb this new chapter but when it does we will all have some fun.

David
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