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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: lws who wrote (3999)8/29/1998 11:55:00 AM
From: FMK  Read Replies (3) of 27311
 
LWS- Here's something that correlates with Lev's CC statement about ultrathin computers - that portable manufacturers can make superthin computers that operate "....10-12-14 hours" with Valence batteries that are ....even lighter than the 2-hour batteries they get now."

techweb.com

<<Two problems stand in the way of these
efforts to ride what might be the
long-predicted rise of the subnotebook
computer. First, designers say they can't
get the two crucial components that will
help give these systems the power and
punch they need -- shape-shifter
lithium-polymer batteries, and fast
low-power Pentium II processors.

"Some of these systems only get an hour
and fifteen minutes off their internal
battery and offer an external battery to get
you up to four hours," said Randy Guisto,
director of mobile technology research at
International Data Corp., based in
Framingham, Mass. "It's a gotcha. But you
don't have the real estate for a real battery
if you go that thin," he said.

Designers of the Sony Vaio said they get
two hours of life from a standard 1850
lithium-ion battery measuring 0.72 inch in
diameter and 2 inches long. But the battery
is too big to fit inside the notebook's case,
so it was attached externally.>>

We now have more corroboration that batteries meet or exceed customer specs and over 115 regular employees, including production staff (up from 65 a few months back) and dozens more from Henderson at the NI facility. Over fifteen potential customers(now likely over 20) have been testing the batteries.

In your balanced opinion, what is the probability that they have raised money only keep their jobs and Lev bought another 950 thousand shares at $5 1/16 a few months ago just to make a positive impression, and the company has no viable product, as some negative posters would have us believe?

On the other hand, Lev stated on August 12 that they are discussing "...terms and conditions, prices and delivery schedules.." and volume production remains on track for September. Considering the competitive advantage Valence batteries offer mfr's of portable products and assembly line 1, now debugged and proven capable of making over 500 batteries/minute, can easily make a profit for the entire operation without including other assembly lines, joint ventures or sources of revenues - how would you rate the company's chances for success?
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