VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (6324)	12/27/1998 4:58:00 PM
From: FMK	Read Replies (1) of 27311

Zeev, The figure I heard a couple months ago was 75%. I believe a similar figure was suggested during one of the recent conference calls. As you are aware, they have been working on this for 9 years or so and have taken time to patent their solutions to many problems along the way. You, for one, have been active in studying their patents that now number close to 300. Perhaps the high number of patents is an indication of how many problems they have solved. If so, they may have solved many that resulted in defective product. If you decrease the % defects, you of course, increase the yield. After you had posted several times about the patents, I remember you concluded that you could not find any major problems with the portfolio. Shareholders have since neglected to thank you for assuring us that we have no need to feel threatened by our own patents! Regards, FMK

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