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

To: John Curtis who wrote (26241)	2/12/2004 9:22:52 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

John, Thanks for posting the link. We already know that this event was planned - according to earlier conference call notes. (Refer back to conf call notes on this thread by clicking on my name for my earlier posts.) Not at all a surprise. Similarly the current stock price too is not a surprise because they are executing the business plan outlined two years ago. VLNC introduced: N Charge - Demo 2002 K Charge (rack mount) - Demo 2003 Cylindrical cell (Gen II Saphion) - Demo 2004 (planned) Also - VLNC is to submit the second Tier proposal to USABC (US advanced battery consortium - sponsored by auto manufacturers). Their first proposal and preliminary testing of VLNC Gen I battery was completed last Fall. Sometime this quarter, they are scheduled to submit the second level proposal for the prototype battery testing for EV's or HEV's in US. Tyco also has come back to VLNC for additional proposals for setting up telecom power backup systems and design. Partenership with Moby Electronics (with the cordless recharging technology) should release a set of battery products for the consumer electronics market. Not to be ignored are partnerships with Wistron, Acer, NEC and AEP; and probably a power tools manufacturer. An important change of their plan was to move from NI to China: FengFan. Their production plan calls for much more capacity than the originally planned capacity of 5Millionwhr/month for the NI plant. For the 5Million whr/mo, I expected a price of $8/share. It now looks the stock can go higher when VLNC confirms the actual capacity this year: ATL and Sinbon - N Charge batteries for PC market PETC - cylindrical cells for power tools and other markets FengFan - large format cells for auto, backup power, and telecom power markets. During 2004 all of the above will ramp production rates. Waiting to see where their steady state production rates will be, in order to guess VLNC earning power. In short, VLNC seems to release information on strategic and material events. Ram