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

To: FMK who wrote (1386)	11/18/1997 1:09:00 AM
From: Javelyn Bjoli	Respond to of 27311

This week's PC Week, page 6: CORRECTIONS An article in the Nov. 10 issue incorrectly stated that no notebook has shipped equipped with a lithium-polymer battery. Mitsubishi has been shipping its Pedion notebook with Ultralife Batteries Inc.'s solid-polymer battery in Japan since October. Also, Ultralife's battery is based on solid polymer electrolyte technology, not lithium-metal technology.

To: FMK who wrote (1386)	11/18/1997 8:01:00 PM
From: wm sharp	Respond to of 27311

Hi Fred - Particularly enjoyed your paragraph 4. It's a major reason why I'm heavily invested in VLNC for the long haul: Reed's management style. He's tough. He'll press onward with R&D, and be difficult to satisfy. This comes across well in his interview for Wall Street Transcript a few years back. Another thing that stuck out was his emphasis on how critical the choice of initial OEMs will be. As production will be limited, he intends to find the very best partners to kick things off. As I mentioned in an earlier post, I'm pleased Valence is still able to proceed on their own terms with ramp up, negotiations, and any announcements - free from competitive, media, or litigation pressures. The process may be testing my patience now (I confess overenthusiasm) but when it all finally comes together, I think it'll be well worth the wait! Best, Bill

To: FMK who wrote (1386)	11/20/1997 8:33:00 AM
From: Paul Dubsky	Read Replies (2) \| Respond to of 27311

Just subscribed to the Wall Street Journal Interactive Edition, Barrons and MoneyInsider (all for $29.95/year!) and found the following article that was in the August 18, 1997 Barrons print edition. It's our 'ol friend Marty Cohen, touting VLNC (and to a lesser extent, ULBI). It reaffirmed my belief in VLNC as a 2 - 4 year holding. ASSAULT ON BATTERIES: Lithium Ion Could Light Up Your Portfolio -- Long-Term Forget the damn bunny: With the technologies now being developed, his drumsticks could be batteries. Or his dark glasses. Or even his ears. The portability of electronic products took a big leap with lithium ion batteries, which weigh half as much as their nickel-cadmium predecessors, take up half as much space, have longer lifespans and recharge significantly faster. Lithium ion batteries now are ubiquitous in laptops, cellular phones and power tools -- but with every advance in battery power, product engineers find new energy-sucking applications to drain them. The next quantum jump in batteries, contends small-cap hedge fund manager Morton Cohen, is a solid (rather than liquid) version of the lithium ion technology. Lighter and longer-lived than liquid-core batteries, the solid polymer variant is cheaper and easier to make. As significantly, it can be stretched, pulled and bent into countless shapes -- and that, says Cohen, opens up all kinds of design possibilities. As with any frontier technology, the companies developing the new batteries are small, vulnerable and prone to disappointments. But Cohen maintains that two -- Valence Technology and Ultralife Batteries -- are especially promising: Both have strong balance sheets, expect to start production later this year and in his view are significantly undervalued, not least because analysts don't follow them. Yet, as Cohen also points out, these aren't illiquid investments. In fact, with Valence trading more than 200,000 shares a day, Cohen suspects some institutional buyers may be moving in. "I think you're looking at a huge home run here," he concludes. "These aren't stocks you buy to make a couple of points -- these are stocks you buy to be at the leading edge of a new technology." And, it should go without saying, companies you can expect to own for two to three years "before they make real money" -- which means they're not for rabbits.