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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (13965)	8/25/1999 4:30:00 AM
From: Jay Lowe	Respond to of 27311

Thanks Zeev ... cogent description. I'm personally of the opinion that VLNC can raise at least a few more cycles of operating capital and that PO's will appear ... so I guess I'm ambivalent about any possible shorting affect.

To: Zeev Hed who wrote (13965)	8/25/1999 9:42:00 AM
From: J. M. Burr	Read Replies (1) \| Respond to of 27311

Zeev: You provide an interesting scenario. If it drops to four then there is a buying opportunity -- for the significant dip is always followed by a nice bounce (albeit temporary) for those willing to take a quick 10-15% profit. However, shorting this stock seems to me to be dangerous for three reasons: (1) The increase in activity in N.Ireland, (2) the shipments to Hanil, and (3) its involvement in Dept of Defense related contracts. All should give pause to Bears because it would only take one significant announcement to move this stock wildly. Of course, many have been waiting for such an event for months and months and nothing has happened. There are other intangibles: I don't think anyone on SI is able to calculate the intrinsic value of the numerous VLNC patents. Without an understanding of what the company has in the vault and its R&D, the VLNC investor is flying blind. It would be easier for a banker or a potential suitor, to determine what this company is really worth, but it seems to me that the present Board (whose principles are not starving) is determined not to relinquish control of the company and will fight to retain its hold -- at any cost.