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

To: Larry Brubaker who wrote (25374)	2/15/2002 12:16:54 PM
From: Rashomon	Read Replies (1) \| Respond to of 27311

Write-downs: It's perfectly reasonable that VLNC would write down equipment -- some of their older production equipment is never going to be used, so why amortize it over the next decade? Also, the write-down of the Bellcore patent portfolio is reasonable -- it isn't worth what VLNC paid for it. VLNC is going to have a huge tax loss carry forward, which hopefully someday it will be able to use. But it remains a speculation, with little credibility in the investment community until it or its licensees ship batteries in volume.