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

To: kolo55 who wrote (16127)	11/15/1999 12:28:00 PM
From: Rich Wolf	Read Replies (2) \| Respond to of 27311

According to articles this last year in the WSJ, Rayovac stole market share from Eveready (#2 in the field of primary consumer batteries, behind Duracell) by price-cutting. This would reasonably put Rayovac's gross-margins below those of the other two, and hence the lower premium attributed to its shareprice. I remember seeing the last year of Duracell's balance sheet as a pure play, before they were acquired by Gillette, and at that time (if memory serves) their gross margins were only about 10%. This certainly puts potential gross margins for Valence of 50% in perspective, and justifies the higher multiple you quoted, Paul.

To: kolo55 who wrote (16127)	11/15/1999 12:59:00 PM
From: MGV	Read Replies (1) \| Respond to of 27311

LOL, you're losing your poise again little guy. "What is Rayovac's Gross Margin?" Never ask a question in a public forum to which you don't already know the answer, you are bound to be humiliated - in your case, again. Do you know the answer now? ; ) "You can read, can't you? I said Valence would have over 50% gross margin." Oh yes. I can even read hackneyed motives and weak analysis. TRY to concentrate MGV..." You poor fool. Let me know if you need help finding ROV's G/M. Here is a hint - it is greater than 50% ; )

To: kolo55 who wrote (16127)	11/15/1999 1:42:00 PM
From: MGV	Respond to of 27311

By the way, What are VLNC's G/Ms? ; ) LOL, you're losing your poise again little guy. "What is Rayovac's Gross Margin?" Never ask a question in a public forum to which you don't already know the answer, you are bound to be humiliated - in your case, again. Do you know the answer now? ; ) "You can read, can't you? I said Valence would have over 50% gross margin." Oh yes. I can even read hackneyed motives and weak analysis. TRY to concentrate MGV..." You poor fool. Let me know if you need help finding ROV's G/M. Here is a hint - it is greater than 50% ; )