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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: I. N. Vester who wrote (9901)3/26/1999 10:40:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Vester, the value of that kind of analysis is that it attempts to take the emotions and the glamour out of the picture and analyze the prospects based on pure numerical values. When you use this in managing a portofolio of a plurality of high risk/high reward situations, it helps you weigh the pro and cons. The fact that they have already gone through $150 MM or so of OPM is an indications that they are almost as good as Gillette <VBG> (they spent a billion bucks to add a third blade to their razor, including $600 MM in launching it), but more seriously, it is a "baggage" that they carry with them and will influence future performance.

Zeev
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