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

To: John Curtis who wrote (23158)	2/14/2001 5:36:36 PM
From: Tickertype	Read Replies (2) \| Respond to of 27311

Well, nobody asked if the German machine is on schedule. Nobody asked if the 300K cells/week that supposedly was quoted by management in NI really is true. I'm surprised and disappointed that no more questions came up, I got the feeling Lev would have given us a little extra time. Things do sound good for the future, but I guess we'll have to be prepared to hurry up and wait some more. The phosphate chemistry sounds like super stuff, with double the capacity of cobalt. Wow! - T -

To: John Curtis who wrote (23158)	2/14/2001 6:42:50 PM
From: richdag	Read Replies (2) \| Respond to of 27311

To elaborate a little further on the "buyout" question, Lev not only chuckled, but in essence said "no way in heck" are the directors like myself, Carl Berg, Al Shugart, and Bert Roberts (Chairman of Worldcom-who added 30,000 shs in Dec), going to sell this company when it's on the verge of making it really big time with the new phosphate technology.

To: John Curtis who wrote (23158)	2/14/2001 9:42:40 PM
From: LiPolymer	Read Replies (2) \| Respond to of 27311

John, thanks for the notes, especially since I missed the first part of the call. Did you catch the part about how cells have been mainly packaged by hand up to this point? I recall having seen a video last year at the SM where it was implied the initial packaging, de-gas and re-seal processes were fully automated. I think we're now finding out that these processes are much more difficult to reliably automate, hence the disclosure of manual packaging and continued discussion of "new and improved" machinery to automate the final assembly. Of course the fact that no other large suppliers can offer a "true" polymer cell is testament to the difficulty of the manufacturing process, and I remain confident that the experience Valence has gained with "live" orders over the past year has provided the opportunity and incentive to solve the remaining automated assembly issues. Clearly the company must demonstrate a robust, scalable assembly capability as a prerequisite to selling the "recipe" to others on any mass scale. There is no doubt in my mind about the current SOM and increasing demand for reliable, lightweight rechargeable power sources for all these new-fangled portable gadgets. So it's an $8B market now? Last estimates I saw were for $5B. Who knows for sure, but no doubt it is huge and sustainable. Every time I pick up my cell phone with the polymer battery it brings a smile to my face (but only a half smile since it's a Sanyo polymer). People are getting a lot more savvy about their purchases and are becoming more astute about the technology, purposely avoiding devices that will suck down AA and AAA alkalines in favor of rechargeable Li cells. All the best, Gary