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

To: J. M. Burr who wrote (19536)	5/5/2000 7:04:00 PM
From: Robert Cohen	Respond to of 27311

I could not agree more. I too am a long time stockholder and have voiced similar concerns here and to both FRB and management. With this in mind let me offer specific information that Lev could release without being accused of hyping or releasing proprietary information as well as steps that could be taken to make the company and product more visible to the investment community. 1. What is the status of each of the PO's. At what rate are cells being produced and shipped? What are the yields? If the are high, let the world know. If they are low let the shareholders know what steps are being undertaken to improve them and what yield would be considered satisfactory. 2. What is the status of the Hanil plant? Will VLNC sell laminate at cost or at a profit. What is the projected income from sale of the laminate to both Hanil and Alliant? 3.Valence is a "state of the art" company with a product on the "cutting edge" of technology. They have developed over the years a process that few others have been able to perfect. The problem is that the small investor as well as buy/sell side analysts have for the most part no idea re the company or its technology. With this in mind I have suggested that the WEB site be redesigned to more closely reflect the fact that "THIS IS A HIGH TECH COMPANY WITH A CUTTING EDGE PRODUCT AND WE ARE ON THE MOVE". My friend Robert Pointer is fond of saying the WEB site looks like the rear seat of a junked out Ford. In addition I suggest that each investor package include either a sample or "dummy sample" (hell they could use defective product)of the product at each or selective stage of manufacturing from laminate to bi-cell. Be honest. Before you attended the SM, did you have a good picture of the product and its advantages in the market? 4. Much has been made of the projected capacity of the Li-Poly battery in a laptop application. I was somewhat supprised that the tech types at the shareholders meeting lacked any comparative information re battery performance in various form factors. Lev has stated 8-10 hours (I think that this is probably over optimistic). If this is the case tell the world and OEM's that we can provide x hours of battery life for the IBM ThinkPad 8234 (I made up the model number)with y cells and the battery configured behind the screen. Absent the above we can just wait for for the SEC filings and let the marketpalce value the stock based on the numbers. After all, that is what Larry does. Regards, Robert

To: J. M. Burr who wrote (19536)	5/5/2000 8:29:00 PM
From: P. Ramamoorthy	Respond to of 27311

J M Burr, An excellent post! Ram

To: J. M. Burr who wrote (19536)	5/6/2000 10:33:00 AM
From: drbailey	Read Replies (1) \| Respond to of 27311

J.M. I don't disagree with your suggestions. Owning Valence is like trying to negotiate a London fog. I don't doubt there is some aspect of "holding the cards close to the chest while negotiating" involved here. But, another aspect might be that there isn't a whole lot to announce. I am presently in the start up phase of a fairly large business venture and have to say that things happen a lot more slowly than anticipated. We are four months late with construction of our facility and thus four months late get our product to market. Everything that can go wrong will and every little emergency becomes a problem you have never encountered before. Eventually, you learn how to handle the problems, the employees get trained and settled in, and things become routine. It is a slow and painful process and it is a fact that most start ups fail because they can't weather the inevitable storms. We at least have a product that is already well accepted in the market place. Valence not only has to "learn" how to produce its product efficiently and profitably, it also has to establish a market and price for it. I was encouraged by the announcement of the new sales VP because he has had so much exposure to the industry. Now the right doors will be opened and once that happens things should happen pretty quickly. The complexity of the process for making the batteries is staggering. The entire process has to be automated and each piece of equipment is very expensive. What our company has had to develop as far as processes is nothing compared to what Valence must. But, I came away from the SH meeting with the comfort that they were already to the point they could crank out batteries when there were orders. Now they have to get more orders, hire and train workers, and fine tune everything during full scale operation. A very time consuming process which is already well under way. I have only been in the stock a couple of years and have to admit I am getting anxious. But, don't forget, we are up from the long term base of $4-6 a share and many of us are already playing with house money. (I'm not one unfortunately.) We have a lot to be thankful for and still have a lot to hope for. Not such a bad position to be in. David