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

To: kolo55 who wrote (236)	6/10/1998 9:54:00 PM
From: webpilot	Read Replies (1) \| Respond to of 522

Paul, I hope that I did not give the impression that ULBI has bugs in its manufacturing line. That was not my intent. When I spoke with the company, the conversation centered around the length of time it takes to reach manufacturing milestones when developing a new process. We all want it to be finished yesterday. They have to painstakingly work their way up to full speed. I was told that the line will be running in the fully automatic mode by the end of the month, although not at its highest speed. ULBI with over 40 million in cash and no debt has plenty of staying power. The stock would be worth $10 a share if you took the new line and threw it out the window. I am basing that statement on their present revenues and over $4 dollars in cash per share. I have no idea what AG Edwards has for an agenda. One minute they are helping ULBI with a secondary offering and the next minute it appears that they are trying to do just the opposite. There may be more to that relationship than meets the eye. It just doesn't make any sense.