To: Tickertype who wrote (24820 ) 8/26/2001 3:41:39 PM From: Larry Brubaker Respond to of 27311 <<each one being faster, like Valence went from Gen I to Gen II to to Phosphate, each one storing more energy - get it? They were selling the PC's of course, but even if a product isn't yet on the market and the maker finds he can keep improving it he damn well should. Seems pretty simple to me.>> OK fine, of course they should improve the product, particularly since the previous versions of the product were not selling, either because they were inferior or because they couldn't be produced in volume. But I think the point of those who are critical of the company isn't that they shouldn't improve the product, but that each previous version of the product was being touted as superior to anything on the market, yet none of them generated any meaningful sales. Now the story recycles again. Yet another version of the product that is being touted as superior to anything on the market. Yet more promises of big sales...some time in the future. For me, it only took one round of missed promises to become skeptical. For others (i.e. Robert Cohen), it took about 3 rounds. For you, apparently, they can break promises an unlimited number of times and you will still believe. I was even willing to give the new CEO the benefit of the doubt. I was waiting to see some evidence of a more forthright approach in their communications with shareholders. But now, I'm just as skeptical of the new CEO as I was of the previous CEO. Excusing the lack of product sales on the shift in focus to licensing (when these sales were supposed to materialize long before the Telcordia deal took place) was strike one. The glowing praise of the status of the commerical developments of the Hanil JV (at a time when Hanil was apparently shutting down and auctioning off their equipment) was strike two. Given this company's track record, two strikes is more than enough in my book.