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

To: John Curtis who wrote (22424)	11/21/2000 11:20:37 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

John, Market woes. A couple of things are obvious: slow down in earnings and the interest rate. Another factor, not obvious, is the financial crisis in foreign countries like Argentina, followed by Brazil, etc. Unlike the last crisis (Russian aid collapse, long term capital fund disaster, the Asian economy collapse) the current crises are worsened by the political instability in those countries. So... it may be a tougher one, this time around. US dollar is still strong, probably the safe haven in the world. If you add the Florida situation and the recent violence in Israel-Palestine, it can cause everyone some discomfort. But VLNC business goes on. 30 days to close the asset purchase with FTC. After the purchase is completed, Lev should start announcing licensing deals. May be, some potential licensees are already talking terms with VLNC. Ram

To: John Curtis who wrote (22424)	11/21/2000 9:20:58 PM
From: ikonoklast53	Read Replies (1) \| Respond to of 27311

John, barely caught this Belfast Telegraph article before it went into the archives thus saving you a library 'check-out' for a future article <G>. belfasttelegraph.co.uk --------------------------- Valence bid to curb rival By Maurice Neill HI-TECH battery manufacturer Valence has offered Telecordia shares in the company if it surrenders its rival technology. The deal, which would allow Valence to virtually corner the market in lithium-ion polymer batteries, must be approved by the Federal Trade Commission in the United States. Though the science, which produces lightweight batteries for mobile phones and other electrical equipment, was pioneered in the US, the Valence product went into production at a factory in Northern Ireland in March. The company, which first invested here in 1993, now employs 400 at Mallusk and is in production 24-hours a day. Much of the specialist factory equipment was custom-made here. It produces batteries for the American market and a second plant is planed in Korea to meet demand in Asia. The offer to acquire the rival technology is widely viewed as a bid to secure the growing world market in lightweight batteries for portable electronics devices. "The planned acquisition of technology, combined with our extensive patent portfolio, advanced research and development facilities and vertically integrated manufacturing plant in Northern Ireland means Valence will now enter its most exciting phase," said chairman and chief executive Lev Dawson. "We intend to work with other battery manufacturers, license our intellectual property and make lithium polymer batteries the new standard for powering portable electronic devices."Sam McComb, general manager at Mallusk, said: "This will mean more capacity for Mallusk and more skilled employment. It secures the future for the company and justifies the decision to back the investment here."Valence has projected world demand for the battery to reach 1.89 billion units a year by 2005. -------------------