VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (4490)	10/22/1998 1:16:00 PM
From: FMK	Read Replies (3) of 27311

Some Joint-Venture news, thanks to a Yahoo poster koreatimes.co.kr Under the terms of the joint ventures, the partners puts up all the capital(about $50,000,000 by Hanil) and split profits 50/50 with Valence. Valence sells the laminate to the joint ventures and therefore does not reveal the formulae or proprietary techniques. It is a form of payback for all the years of R&D and will provide yet another source of revenue for Valence shareholders to look forward to. Since Valence's cash outlay is zero other than some travel expense etc, the ROI % for Valence is asymptotic!

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