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

To: Larry Brubaker who wrote (16937)	12/11/1999 10:46:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Larry, I agree with you that my assumption of 50% gross profits and breakeven late nexy year is a best case scenario. I think that VLNC will do extremely well if they reach 80% yield in the third quarter of full production. Mind you, they need to keep the batteries for about a month after produced before they ship (at least that was what they mentioned earlier this year), so just inventory should be about 6 weeks to 2 months of the annual sales rate, and if that reaches $75 MM by this time next year, inventories alone should increase by $10 MM. Nevertheless, if they get through the next few quarters without Murphy getting in the way (and Murphy had some history with VLNC), the market, if it is still in a mood similar to today's mood, could easily put sometime next year a valuation of two to three times sales expected in 2001, that means a potential of $30 to $40 sometime next year is not out of the question. Look at the current valuation of ANCR for an example of a similar situation. Zeev

To: Larry Brubaker who wrote (16937)	12/12/1999 2:30:00 AM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

Larry, of course you think Mooter is over-optimistic. You thought so some weeks ago when the stock was at $6 and you didn't buy it because you thought it was fair valued. Anyone who has been around for more than a few weeks knows that you have made many false assumptions about the status of the company and about how the market evaluates the company's prospects going forward. You've been proven dead wrong. This is no hype induced 'spike'. The stock is going higher. Even your guru Zeev knows it could easily be a $30-40 stock sometime next year. He's only a little confused about how long that will take <vbg>. Everything you say is sour grapes. And they are going to get more and more and more sour as the months go by. You have always had a chip on your shoulder Larry concerning the company and the Valence longs. You're the one who suffered most from that. Even when your guru Zeev called it a buy, you didn't. You should try to learn from this experience. A poor attitude costs you very real money in the investment arena.