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

To: Jacques Tenzel who wrote (25725)	11/19/2002 8:56:54 PM
From: P. Ramamoorthy	Respond to of 27311

Jacques, <<...I still think that the tablet PC for which VLNC is supplying the battery through Wistron is for the Xplore iX104-TPC...>> That may be the case but I do not have any "hard" information from VLNC or Wistron to corroborate it. All I have is the following VLNC press release. Press Release Source: Valence Technology Inc. Valence Technology Begins Shipment of Saphion Cells to Wistron Corporation Wednesday November 13, 9:31 am ET Tablet PC to be First Mobile Computing Product with Designed-in Saphion Lithium-ion Technology AUSTIN, Texas--(BUSINESS WIRE)--Nov. 13, 2002--Valence Technology, Inc. (Nasdaq:VLNC - News), a leader in the development and commercialization of Saphion(TM) technology and Lithium-ion polymer rechargeable batteries, today announced that it has begun shipment of Saphion Lithium-ion batteries to Wistron Corporation, one of the largest global ODM/OEM suppliers for the PC industry. The tablet PC developed and manufactured by Wistron is the first mobile computing device to feature Saphion(TM) Lithium-ion technology batteries and is expected to ship by the end of the year. This product resulted from both companies' efforts under the Memorandum of Understanding signed in February... As long as batteries are shipped out of NI plant, it counts toward sales. <<...construed as implying that the plant in N.I. is presently running at anything near capacity. Only a Tier 1 P.O. will move us forward to that level...>> The stated NI plant capacity is 5 million whr/month (Aug 2001 conf call). The press release does not say anything about the PO or the quantity. Without stating the number of whr or battery units to be shipped and the shipment period, on the PO's, I can not figure the operating capacity of the NI plant. If the PO is not large, it is possible that they run the plant for the shipment period and shutdown. It will help if Stephan gives an update on the production rates of the NI plant in the next conf call. jmo. Ram