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

To: P. Ramamoorthy who wrote (25379)	2/15/2002 2:44:34 PM
From: hcirteg	Respond to of 27311

Looks like some support stepping in here @ $4. Nice to see! HC

To: P. Ramamoorthy who wrote (25379)	2/15/2002 4:41:58 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 27311

Ram, as for "He also set a production target of 5Million wh/month for the NI plant. Currently they will ramp up production to 1 Million wh/month. At 5 Million wh/month, I estimate roughly a modest revenue: 5 MM wh x $2/wh = #10 MM/month or $120 MM/year. At a gross margin of 30%, VLNC could earn $36MM/year or approximately 80-85 cents/share. Even if they show earnings of 40 cents/share in 2003, that will be good. The 5 MMwh/month is the final target capacity for the NI plant. Stephan feels that the 5 MM wh/month is sufficient for all the markets he plans to compete for now. (Comments: After meeting the current production target of 5MM wh/month, Stephan has to come with a plan for ramping up revenues in the future, beyond 2003.) ", how many times are they going to resell those figures to the public (even though they are downsized from the last time)? As for the write off, the only people being "ripped off" are the tax payers, after all, VLNC paid some 45 MM for telecordia's technology and now wrote off some $30 Mm plus of that payment, but they never really "paid" for that, they gave them 3 MM shares at 15/shares, now they are writing it down, increasing their "carry forward losses by some $30 MM which under normal circumstances, shifts the tax burden to others. In this case, since there are still grave doubts that they will ever pay taxes, maybe the affront is not too big (g). Zeev

To: P. Ramamoorthy who wrote (25379)	2/19/2002 5:10:49 PM
From: Jacques Tenzel	Read Replies (2) \| Respond to of 27311

Ram: As per your notes: In the conference call "Stephan mentioned that the memo of understanding with Wistron is for the product specifications required for the manufacture of a handheld computing device for a Wistron's customer. The customer information and the type of product are confidential. This is a design win Stephan wanted by January 2002." The Valence quarterly report published today states: "As of February 19, 2002, we had not entered into any agreements with original equipment manufacturers." Are these statements at odds with each-other or is there a subtlety of words that I do not understand. I do not want to be strung along "Lev Style". A little honest communication with this company is long overdue. ......Jacques