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Technology Stocks : ULBI..Ultralife Batteries

ULBI 5.750

+1.2%

Nov 12 3:59 PM EST

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To: David Maginnis who wrote (271)	10/25/1998 11:14:00 AM
From: Rob Anderson	Read Replies (1) of 522

The institutional ownership has doubled in the last 3 months. The short interest has decreased by half. I believe insiders own about 15%. 10.9 mil shares minus 6.29 mil. = 4.6 mil. In September there was a short interest of 224,000. It wouldn't take much to move ULBI back to $12.50 per share the Lehman Brothers offer price in June I believe 2.5 mil. shares offered. When news of OEM comes out the price will surge quickly no one will sell! The institutions wont nor the insiders!! I wouldn't want to be short! There are alot of people lurking waiting for ULBI to announce mass production (which I believe they are already capable of and may be doing) when they announce buyers will be coming in hoards as it is now, its a wait and see attitude, except for the institutions volume has been low so I would have to call this a very quiet accumulation! Remember last fall ULBI shares shot up to $19.00 on weak news. Now is a great time to jump in easy double 3-6 months! Interesting was the institutional ownership in VLNC was low and decreasing for the past 3 months.

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