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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (5058)11/15/1998 1:24:00 AM
From: gvander  Read Replies (6) of 27311
 
John,

I posted that article for its comments on the mixed nature of demand. Valance may again be overcommitting to a production and possibly a battery technology that will soon become obsolete. Similar to 1994 Valence timen and again demonstrated a tendency to overinvest and over promote (as they did then with other high profile directors and executives and machinery) In 1994 Valence had to abrubtly abandon a technology they also believed furvently was destine to take the market.

In 1995 they had to scrap the whole thing and then license the bellcore battery in 1996--1.5 years after the first movers. These movers may move ahead Valence again.

I alot of money has been spent on multiple lines with essentially identical manufacturing processes. Again setting up Valance with huge investment not justified by the innovation structure of the industry. All of their powder has been spent--none left for next gen tech/prod.

Just as last time they have elites telling us that they have to be successful just because they have managed to associate themselves with successful people--not a good bet. If it was a good bet then IBM would have never lost the heart of the computer to Microsoft. Do I even have to mention Al Dunlap or Japan Inc. The directors don't run the company, the executives do. What have these guys built? 120 million in losses (not couting the junked equipment from the last holy grail). The executives of Valance's competitors have actually started successful business from the ground up IN THE LITHIUM BATTERY BUSINESS. A good example is PCI (started and sold by pre-Ultralife Execs). BTW it is still in business today.
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