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

To: LiPolymer who wrote (25390)	2/16/2002 4:32:22 PM
From: Larry Brubaker	Respond to of 27311

Telcordia IP write off. In the 15 months since the Telcordia deal was made, it has gone from being the core of VLNC's new business plan (and was touted at the time as a HUGE coup for VLNC) to a write-off. mobilecomputing.com The previous article shows how VLNC and Telcordia got together to tout this deal (Telcordia invented the process, VLNC "perfected" the manufacturing). Meanwhile, we know now that SAIC (Telcordia's parent) has sold 3 million of their 5 million VLNC shares in the last 24 months. Anybody reminded here of the phrase, pump and dump? I remember Lev on CNBC (within a week after the deal was made) telling the host that VLNC hadn't sought publicity until then because they wanted to wait until they had all the ducks lined up (implying now the ducks were line up). Then he did his "cut the battery in half" gimmick for the national TV audience. Since that interview, the price of VLNC stock has never come close to what it was then, and VLNC has continued to lose money hand over fist. Now much of the Telcordia IP has been written off as "no longer central to VLNC's business plan." But no matter. We've got "Saphion" to dream about now.