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

To: Pallisard who wrote (18558)	3/4/2000 9:11:00 PM
From: MGV	Read Replies (1) \| Respond to of 27311

OT yoest --------------------------------------------------------------------------- You are one dense sob story who keeps asking but somehow never gets it. Lets try to give you a smart pill one more time for the edification of legitimate readers. MIKL has executed fairly well. Its execution is demonstrated by the steady 15% increase in earnings. Its trailing P/E is 10. Its forward P/E is lower. Its P/E to G is roughly 1/2 on a forward basis. I'm not sure if you are as stupid as your writing suggests or whether your posts are merely reflections of a fragile emotional state. Maybe its both. Whatever it is, stock selection is an exercise, in part, in logic. The logic applies to potential price forecasts based on earnings and revenue forecasts on the one hand and historical and relative valuation parameters on the other. You don't get it because you don't understand it. I guess you pluck price targets out of your dreams. The post in 1998 was based on MIKL trading in parity with valuations of other food company stocks with similar growth rates. Based on earnings and those valuations MIKL is worth more than $40 now. The market is not giving historical valuations to 15% growers in the food sector. It is giving significantly less. When the market does return to historical valuations for food stocks, MIKL will be worth north of $40 based on its growth rate and earnings level. Until then, the market will continue to award much higher than historical valuations to companies that grow revenue at 30% and above. Don't bother responding with another inane statement exposing your ignorance. You are invited to respond intelligently. Just try it, for once.

To: Pallisard who wrote (18558)	3/5/2000 11:20:00 AM
From: John Curtis	Respond to of 27311

Pallisard, Mooter, et.al.: Indeed, that article on Knight is quite insightful. And it allows some things I've experienced to come "full circle". How so? Well, waaaay back in about '94(or so), I had the great opportunity to work with one of the first CLEC's trying to crack open the NYC market for local business phone service. As such the network facilities planners had found a place to install our first two local network switches. The place found just happened to be in the Exchange Place area of Jersey City. For those who don't know anything about Jersey City, think of the World Trade Center Towers. From that point go due west across the Hudson River. On the western edge of the Hudson river is the Exchange Place area of Jersey City. The local politico's of Jersey City were in the "taxiing" stages of revitalization of the area, and their new mayor, a Harvard educated former Wall Streeter by the name of Bret Schundler, had managed to shove forward some plans that'd lain on planning boards for a goodly amount of time. Part of the plans involved "sweet talking" a lot of the back-office processing "stuff" of Wall Street, luring them via tax breaks, etc., to come across the river to the Exchange Place area(much to the consternation, I'm sure, of the politico's of NYC). And it worked as Jersey City is now flat ass BOOMING! You might say they've gone from taxiing to take off. Indeed, it's now considered a primo "gold coast" area. Anyway, we put not only our first two local switches there, but also had several sales offices there as well. From this vantage point my company launched its battle with then NYNEX. And as is always the way of such things the stress level for everyone shot through the roof. So much so we'd started a habit of hanging in the local Exchange pub's after work on Fridays, ostensibly to blow off steam. There you'd get the opportunity to over-hear a variety of conversations, not the least of which were the conversations of some of the financial folk who manned the trading terminals of such as Knight, et.al.. Let me tell you, some of the things over-heard....well....let's just say it was clear they were into maximum focus on "getting over" on each other and the lay public when it came to playing the game. As you might expect, for such as meself, a person who's made a "hobby" of this game, there were some eye-opening conversations over-heard. So the article doesn't really surprise me. Now, speaking of surprises...let's see how VLNC performs this week. John~