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

To: High-Tech East who wrote (25683)	11/17/2002 9:48:25 AM
From: Zeev Hed	Respond to of 27311

Ken, I have no problems with Godevais, I don't know him and don't know if he can turn VLNC around, I don't think anyone can. Just because he was successful elsewhere, does not mean he'll be here. Take Lowery, another icon of high tech management, so far, his efforts on OUM are proving to be sisyphian. Just look at the numbers for VLNC, I carried a short "best case" valuation or VLNC on I-hub: investorshub.com Look at what the numbers say. Don't count on the fact that Berg keeps feeding cash to VLNC, his motives might be very different thatours, mortals. See my response to da cheif on I-hub as well: investorshub.com A short summary of my point of view on VLNC is based on two points, a technology that finds it difficult to get to market after 15 years, may have intrinsic problems. Even if the technology works, Godevais does not have the resources to carry "the plan", if he gets more resources (on top of the $350 MM already sunk in VLNC), the current shareholders (that paid those $350 MM) will see very little returns on that. If you want to use a "da cheif argument" (namely if it is good enough for Berg, it is good enough for me...), may I remind you that the technology was not good enough for Ma Bell (and then SAIC) thus they sold it to VLNC... How should I put it? The simplest form is probably "A floorless by any other name, is still a floorless". Good luck. Zeev