Re.:"...Then you must agree then, that if our competitors are now our partners..."
It is not a question whether I agree or disagree. I am just a shareholder interested in speculating VLNC investment potential based on the information available in the SEC filings and conference calls.
VLNC management and the Board of Directors decide the nature and details of information released to the public and shareholders, etc. If they hide or misrepresent to shareholders, SEC will address those issues.
Competitors will become VLNC partners ONLY after they execute the licensing agreements which includes confidentiality. Licensees have access to all of VLNC technical information, trade secrets, etc. A public person or competitors do not have access to technical information since they are not bound by any legal agreements with VLNC.
A company that pays about $45-50 Million, at this time, for the Telcordia IP acquisition, must be taking the future of their battery technology seriously. Even though it was a stock swap, it represented a major commitment.
On the IP -
This week's (Nov 20, 2000) Barron's cover page reads: "Today's accounting system, based on work by a 15th century monk, Fra Luca Pacioli, puts high value on hard assets like factories and equipment. Professor Baruch Lev (no relation to VLNC's Lev) argues that the current approach greatly understates the value of intellectual property - and of companies such as Microsoft, Oracle, and Dell."
Personally, if I do not have confidence in VLNC management's capability to deliver, I would sell the stock and move on. Ram |
