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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rashomon who wrote (22222)	11/11/2000 12:38:35 AM
From: ikonoklast53	Read Replies (3) of 27311

Lev mentioned in todays cc a German battery mfg was ready to do a jv prior to vlnc's acquistion of the Bellcore patents, now more likely will become a licensee. Being the curious type (G) I found this recent (11-7-00) news article regarding Varta I find awlfully interesting. Not sure if they are one of the 15 licensees, but... Coincidence? auto.com <<...Varta, based in Hannover, desperately needs new investment money to change its battery technology both for automotive and for portable devices like phones and computers. Varta is the No. 2 battery maker in Europe, based on 12-volt lead-acid battery technology, but future 42-volt systems will require lithium-ion and nickel-metal hydride batteries. For small batteries using older zinc-carbon and newer alkaline-manganese technology, Varta is a global leader, but the future is in lithium-polymer flat cells and lithium-ion button cells. "We need an additional 150 to 200 million euros ($130-175 million) for development over the next several years," said spokeswoman Elke Doehring. That means doubling recent investment levels of about $48 million a year. Varta has remained profitable in part by limiting development expenses, but company executives say the only hope for the future is to increase development spending on new technologies. Taking the company private resolves the conflict...>> Pretty interesting...heh!

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