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

To: I. N. Vester who wrote (17901)	1/29/2000 3:15:00 AM
From: HQ	Read Replies (1) \| Respond to of 27311

I.N., yes, count me in too for a contribution to Fred. Rich told me about VLNC in early '98, but it was Fred's posts that helped get Rich's attention years ago, so I would certainly like to help Fred in his time of need. And Rich, I owe you too, buddy! (Thanks also to Lev and all others on the front lines.) Jeff HQ

To: I. N. Vester who wrote (17901)	1/30/2000 3:56:00 PM
From: Mark Johnson	Read Replies (3) \| Respond to of 27311

IN: That was a very kind and thoughtful gesture you extended to FMK....Fred's timing was off, but he sure picked a gem....We haven't heard from Fred for awhile and I thought the thread would enjoy the two following posts which will reminds us how "WRITE ON" Fred was.....delivered in his usual gentlemens style.... Here's his 2nd to last post to none other than Larry Brubaker: To: Larry Brubaker who wrote (13015) From: FMK Saturday, Jul 10, 1999 2:51 AM ET Reply # of 17910 Larry, You may want to round out your chronicles with the value of a 1000 share purchase on the date of each of your favorite of my posts. One year from today, list the July 10, 2000 value next to the purchase prices. With some some spreadsheet dexterity, include the percentage gain since the time of the purchase. Just for fun, you could list ULBI'S share price alongside, since many ULBI posters were right there with you, spending considerable energy discounting Valence's chances and extolling ULBI during the time period. I don't know exactly what the stock price will one year from today, but If you are still around please post it. I have a feeling that if someone reads your post on a new, high-end laptop computer, there will be a good chance it will have Valence battery. As an aside, I spoke recently with a long term investor whose fund has held a large position in Valence since the $15 area. They added several hundred thousand shares during last years drop to the 3's together with IBM and AMP. When I asked if he would be tempted to lighten his Valence position on a run-up to the teens, he replied "we are in it for triple digits." Needless to say, there are many very successful investors who do their homework, attend shareholder meetings, visit the plants and then make investment decisions without worrying about day to day fluctuations or attorney disclaimers. I should add that he doesn't read SI or Yahoo either! Sorry I was a little harsh about your personal agenda. I hope you get turned around and become long the stock before major news hits. I think I would enjoy your attempts to hide an inscrutable smile if you owned several thousand shares in spite of yourself and see it triple! Have a good weekend! ------------------------------------------ ((Here's a post that compared ULBI and Valence. Fred said that VLNC share price should have been 2.5 times that of ULBI based on storage capacity. If Valence's batteries far outperform, shouldn't Valence be worth more than 2 1/2 times? Look where it is now!))) To: Pallisard who wrote (4535) From: FMK Sunday, Oct 25, 1998 6:44 PM ET Pallisard, Here is a comparsion table posted about a month ago, The Valence numbers seem reasonable. New information for ULBI (Valence's closest competitor for rechargeable Li polymer batteries) has been presented on the ULBI Yahoo thread. Here is some data for comparison. ULBI's line 1 can presently turn out 12,500 watt/hr per shift as posted yesterday. VLNC equip is believed closer to max designed capacity but best guesses for maximumdesign capacity for both are shown. The information has been stated during conference calls or has been posted before. OEM customers generally pay in proportion to a battery's energy storage capability measured in watt-hours -------------------ULBI#1---VLNC#1---VLNC#2-VLNC#3 mfr----------------Klockner---Klockner----Arco-----Arco product--------------cellph---Laptop----cellph------cellph max batt/mn----------50--------10---------25----------25 wh/batt----------------2---------35----------5-----------5 wh/hr----------------6000-----21000------7500-----7500 wh/shift-------------48000----168000-----60000--60000 wh/3shx350------50.4mln---176.4mln----63mln---63mln Total annual-----------------ULBI----------------VLNC watt/hr------------------------50.4mln------------302mln rev@ $2 per wh------------$101mln----------$604mln sh outstanding-----------------10.5mln----------25.5mln watt/hr per share---------------4.8-----------------11.8 Ultralife(ulbi) has priced their cellphone at $4 to $5 per watt-hr depending on volume. The price per watt hour negotiated for large contracts is an unknown and will likely vary with application. $2 is used here for a conservative average. The present max capacity for ULBI is 50.4 million watt/hr per year vs 302 million for Valence, not including their joint ventures. Although ULBI plans to dilute their stock to raise money for more equipment, their present 10.5 mln shares before dilution is compared 25.5 mln shares for Valence. From the comparison, it appears a share of ULBI can be purchased at $6 and the shareholder will own 4.8 watt-hr per year of LiPolymer manufacturing capacity. As an alternative, $4.50 will buy a share of Valence with 11.8 watt-hr per year of LiPolymer manufacturing capacity. Each share of Valence has 2.5 times the watt hour capacity as each ULBI share. Someone just posted that ULBI should jump to $20 when a contract is announced(IMO that is optimistic). At 2.5 times the LiPolymer capacity per share, what should Valence stock do when they announce a contract? Valence can obviously accept a larger contract based on their machine capacity and they have more outstanding shares. ---------------------------- Bloomberg ranked the top 15 insider purchases for all stocks by dollar amount reported during the week of 9/25-10/2. Ninth on the list was Alan Shugart's $435,000 purchase of Valence on the open market. Rather impressive that there were only 8 larger insider purchases for an entire week for all stocks including IBM,MSFT,DELL,CSCO,CPQ, MO, INTC etc. >>> Fred had it right.......