VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (1878)	1/6/1998 11:14:00 AM
From: Paul Moerman	Read Replies (1) of 27311

FMK, I appreciate all of your posts, however you've twice now compared share prices of VLNC and ULBI without taking into account the number of shares outstanding. According to www.marketguide.com VLNC has nearly three times as many shares circulating as does ULBI. The current market cap of the whole company is reported as $119.9 mil for VLNC vs $134.6 mil for ULBI. I therefore don't think it's meaningful to compare share prices of the two companies, implying or outright stating that VLNC shares are undervalued relative to ULBI. I'm a fairly long time VLNC owner (no ULBI), so obviously I see VLNC's prospects in a positive way. Just wish you'd stop with the share price comparisons! :-) Go VLNC in 1998!! Best, Paul

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