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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (6636)1/2/1999 10:07:00 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
Fred, are they not now working on a still newer version that will "obsolete" the old version? Why not wait another year, dilute the stock some more, face bankruptcy a couple more times, and allow more competitors to enter the arena so they can maybe earn more money a year from now than they would be making now?

Fred, sorry but this one makes no sense either. During the last year, the price of LI batteries has come down while the performance has improved. The competition has not been standing still while VLNC perfects its product. If one of these major competitors is close to putting out a similar product, they could bury VLNC though price competition, just as they buried the profitability and stock price of MU, the well-capitalized, low-cost producer of DRAM.
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