Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Vet who wrote (22310)	11/14/2000 10:42:07 AM
From: Pallisard	Read Replies (1) \| Respond to of 27311

Kinda looks like a short covering rally this morning mixed perhaps with some developments of which we're unaware. The rally actually started late yesterday. Has anyone any clue to the price action?

To: The Vet who wrote (22310)	11/14/2000 11:19:07 AM
From: drbailey	Read Replies (1) \| Respond to of 27311

This stock has made pessimists out of longs. The low revs of last quarter are certainly a disappointment but the news of the acquisition makes that news almost insignificant. What Valence now has to sell to a hungry market is a complete package of technology. The science to the nuts and bolts. What company would want to go through the years of designing and modifying the mass of equipment it takes to turn out a li/po cell when they can now buy a successful manufacturing model from Valence. Is any of the equipment used to manufacture other types of batts transferable? Probably not. Valence has proven this is a very expensive technology to obtain. Before acquiring Telcordia the Valence number crunchers no doubt developed pro forma budgets to show potential licensees the value of their technology. No doubt Valence will hasten the flow of licensing agreements by demonstrating that its technology can produce at a profitable level. But, that demonstration is probably already available at the NI plant. Take heart longs. It is the shorts who now need a little pessimism.

To: The Vet who wrote (22310)	11/14/2000 11:22:21 AM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

What do you make of the volume this AM.....

To: The Vet who wrote (22310)	11/16/2000 2:29:02 PM
From: mooter775	Respond to of 27311

FWIW: One of the new institutional invstors.... I sit on the board and investment committee of a charitable foundation with a modest (between $ 40 and $ 50 million) portfolio, about 80% in equities. We just hired a new investment advisor to assist in managing the portfolio. This particular investment advisor was founded by some folks out of Goldman Sachs about 10 years ago and 'advises' about $ 3 billion with a series of institutional money managers around the country. They recommended among others a number of firms for various segments of the portfolio, including Jennison Associates for large cap, Capital Guardian for foreign stocks, Miller, Anderson for bonds and high yield, and Frontier Capital and Geewax Terker out of Philadelphia for small cap. I'd never heard of Geewax Terker and asked a bunch of questions about them - apparently they are former Wharton finance gurus (quant oriented)and have been selected for small cap value investment (Frontier is the selected small gap growth investor). Geewax Terker's record is quite respectable, especially when compared to their small cap value peers... Bottom line: I was delighted to see their name on the list of new institutional investors in Valence in the 6/30 - 9/30 period..... Perhaps that will change if Valence disappoints, but for now.... I remain a very patient long term investor in Valence. Cheers.