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

To: Tickertype who wrote (24816)	8/26/2001 3:25:55 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

<<Those posters have said, in effect, that "Valence has bragged all these years about how good their manganese-based cells are, but now they're switching to phosphate!" The message they're trying to convey is that it's all been hype, the cells were no good, and now they're forced to try another chemistry.>> No, VLNC has only been bragging about Manganese cells for maybe 18 months now. Before that it was Gen I, Gen II, then Manganese, and now Phosphates. Each of these were purported (until no sales materialized) to be the best battery since sliced bread. Similarly, each generation of the assembly equipment has been touted as the generation which will bring them to "high volume" production. First it was the Klockner, then the "very high speed" Acotronics, then the FABL, and now the "Big German Machine." Similarly, each generation of management team is the one which will lead VLNC investors to the promised land. First it was Dawson, then Reed, then Dawson, now Godevais. Similarly, each generation of the business plan was going to lead VLNC investors to the promised land. First it was high volume production in the billions ("we will be profitable with just one line running"), along with 50% of the profits of Hanil (who announced at least 3 times they had either begun high volume production or had multi-million contracts). Then it was licensing (remember Lev claiming, when they announced the Telcordia purchase, that there was a German company with financing in place just waiting for the deal to finalize to buy a license? Whatever happened to them?) Now its "energy solutions." The chemistry, production equipment, management team, and business plan has each changed at least 3 times in the 4 years I have followed the stock. The constants are big promises, minimal sales, and big losses.

To: Tickertype who wrote (24816)	8/28/2001 1:36:39 PM
From: Dennis	Read Replies (2) \| Respond to of 27311

KAI; One aspect of this new management team that nobody has focused on is the inclusion of the new tech honcho, Deepak. His coming on board certainly brings a lot of innovation to a group of scientists that have probably been so wrapped up in making the technology work that the creativeness needed for developing & implementing the needed OEM requirements became secondary. With this new guy, there is a definite background of technology tweeking cabability that was probably lacking. His list of accomplishments along those lines is impressive along with his many patents. I await his input & am keeping an open mind as regards when & how the new team comes to grip with the past transgressions...! Dennis