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

To: kolo55 who wrote (16117)	11/15/1999 12:02:00 PM
From: MGV	Read Replies (1) \| Respond to of 27311

Regarding Jay's numbers and klemencic's comment - Rayovac (ROV) is a pure play battery manufacturer with an earnings growth rate of approx. 25% (consensus 28.5% next year). It trades at 1.15 times trailing revenues and 28 times earnings for a PE/G of roughly 1.0. ROV has many things VLNC does not. klemencic's assumption is that VLNC deserves a greater than 5 price to sales multiple. A pure play in the industry with a built out sales channel and proven manufacturing execution and a 25% CAGR is selling at a little over 20% of the multiple klemencic tries to assign VLNC. 10 - 38 - 43 Hype! The share figures are grossly understated due to the heavy dilution caused by VLNC's weak financial position. Moreover, the heavy dilution has not been contained. It gets worse from here.