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

To: P. Ramamoorthy who wrote (19517)	5/5/2000 11:04:00 AM
From: John Curtis	Respond to of 27311

Roaming the archives here's a late Dec., 1999 article written by the Belfast Telegraph: Phone battery vision comes into its own By Maurice Neill A CONTROVERSIAL 'high risk' factory, which produces light-weight batteries for mobile phones, looks set to pay off after seven years. Valence Technology said today it will ship out its first order and step up production and recruitment in the new year. "We are increasing employment, expanding the factory and shift working begins in January," said manager Sam McComb. The plant employs 200 at Hyde Park in Mallusk. The œ70m Valence project was secured by the Industrial Development Board after just six weeks of assessment in 1993. The California-based company was offered up to œ20m in grant aid after forecasting 600 manufacturing jobs. The project's chief backers, a group of Californian entrepreneurs, claimed they had secured a deal to supply batteries to phone manufacturing giant Motorola. However, Motorola distanced itself from the deal within a year. The battery was sent 'back on the drawing board' and it was unclear which partner would be the lead player in a technical 'co-operation agreement' with Ever Ready. In 1995 Valence revealed huge losses and laid off the bulk of the 25 workers at Mallusk. However, after switching technologies, development was back on track by 1996 and the project is now firmly on target to achieve its full potential, said Mr McComb. The first order for lithium polymer batteries, for US-based battery pack producer Moltech, leaves for Mexico at the end of next month. Founder, chairman and chief executive Lev Dawson said: "Lithium polymer's advantages of high energy density, safety and thinness are key product characteristics driving the decision by mobile phone companies to purchase Valence's technology." With more than 400 battery patents awarded and pending the company is an established leader in the commercial production of lithium polymer batteries, he added. ------ Just a little something to pass the time. Ram..now to go look at SI's new toy. Regards! John~

To: P. Ramamoorthy who wrote (19517)	5/5/2000 11:17:00 AM
From: J. M. Burr	Respond to of 27311

The graph is nice, but the exclusion of number of trades (which permits average share per trade) is a significant yardstick that I use to determine VLNC movement. Also, the size of the trade allows me to determine how MMs are playing the game (e.g., 100 shares up an eighth or 100 shares down an eighth helps me predict what they are up to at any given moment). I believe that the most significant aspect of VLNC trading over the last two months has been the decline in volume and the reduction of the shares per trade. Simply put, there appears to be practically no institutional interest in VLNC at this time. The reason is obvious: the company is not interested in shareholder value. Lev has said that earnings will drive the stock, not events. That, to my way of thinking, is one of the most fatuous statements I have ever heard from a company director. An earnings announcements IS an event and if the company has been forthright nothing in the quarterly announcements should cause outright consternation. Indeed, companies are not sued for being honest, they are sued for being stupid.

To: P. Ramamoorthy who wrote (19517)	5/5/2000 11:17:00 AM
From: J. M. Burr	Respond to of 27311

The graph is nice, but the exclusion of number of trades (which permits average share per trade) is a significant yardstick that I use to determine VLNC movement. Also, the size of the trade allows me to determine how MMs are playing the game (e.g., 100 shares up an eighth or 100 shares down an eighth helps me predict what they are up to at any given moment). I believe that the most significant aspect of VLNC trading over the last two months has been the decline in volume and the reduction of the shares per trade. Simply put, there appears to be practically no institutional interest in VLNC at this time. The reason is obvious: the company is not interested in shareholder value. Lev has said that earnings will drive the stock, not events. That, to my way of thinking, is one of the most fatuous statements I have ever heard from a company director. An earnings announcements IS an event and if the company has been forthright nothing in the quarterly announcements should cause outright consternation. Indeed, companies are not sued for being honest, they are sued for being stupid.

To: P. Ramamoorthy who wrote (19517)	5/5/2000 11:17:00 AM
From: J. M. Burr	Read Replies (2) \| Respond to of 27311

The graph is nice, but the exclusion of number of trades (which permits average share per trade) is a significant yardstick that I use to determine VLNC movement. Also, the size of the trade allows me to determine how MMs are playing the game (e.g., 100 shares up an eighth or 100 shares down an eighth helps me predict what they are up to at any given moment). I believe that the most significant aspect of VLNC trading over the last two months has been the decline in volume and the reduction of the shares per trade. Simply put, there appears to be practically no institutional interest in VLNC at this time. The reason is obvious: the company is not interested in shareholder value. Lev has said that earnings will drive the stock, not events. That, to my way of thinking, is one of the most fatuous statements I have ever heard from a company director. An earnings announcements IS an event and if the company has been forthright nothing in the quarterly announcements should cause outright consternation. Indeed, companies are not sued for being honest, they are sued for being stupid.