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Technology Stocks : ULBI..Ultralife Batteries -- Ignore unavailable to you. Want to Upgrade?

To: Justin Pressley who wrote (107)	10/28/1997 9:43:00 AM
From: webpilot	Read Replies (1) \| Respond to of 522

Nice to see that at the opening that there aren't any ULBI shareholders panicing. Looks orderly. Selling now would be like shooting yourself in the foot.

To: Justin Pressley who wrote (107)	10/28/1997 3:38:00 PM
From: Greg Werlinich	Read Replies (1) \| Respond to of 522

Justin - The majority of that $30 million is being spent on the new production line. Once the line has been approved, shipped and installed, they will have drawn that amount down significantly. Webpilot, I would not count on "fully automatic" production by Thanksgiving. That is probably way ahead of things. I believe there will be a gradual ramp up of production as they move from manual production to semi-automatic to automatic. Remember, Mitsubishi/HP is only one of their clients. They will not be able to devote 100% of their production capacity to making the laptop batteries. As for the rest of you guys, I really believe that this is a minimum of $50 within the next two years. Once they prove that they can manufacture these batteries automatically, they will quickly turn profitable. Their regular 9 volt and other batteries are doing well. The company is really poised to take off. I wouldn't be selling this stock. Greg