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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Dennis who wrote (24838)8/30/2001 12:19:02 PM
From: Jibacoa  Read Replies (1) of 27311
 
Dennis:

The hybrids already coming to the market may accelerate the use of battery powered cars, especially with the high cost of fuel and the pressure to cut down on emissions.

One question on that line is wether VLNC's relation with Delphi on car batteries was completely terminated. I know they paid VLNC expenses for some time at Henderson and when they stopped paying the rent a couple of years back reported that they had obtained useful information from their joint research. Will VLNC be entitled to any royalty if Delphi can successfully manufacture Li polymer car batteries ?

Regarding the "submarine batteries", what happened with the 50/50 VLNC/ATK deal ? ATK reportedly was able to do some work for the nuclear submarines. Of course with so much ATK has on its plate on the aerospace and munitions business the submarine batteries are not mentioned. ATK by the way is one of the large companies that has been able to make more than a 100% return on the company stock since last year. (In August 2000 the L was $50 and it now trades around $104 <g>)

In the mean time VLNC is holding above the support of 3.75 (presently trading around 4 with the DOW down again on triple digits.<g>)

RAGL

Bernard
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