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

To: Greg Smith who wrote (4896)	11/11/1998 11:59:00 PM
From: I. N. Vester	Read Replies (3) \| Respond to of 27311

Greg Smith PLEASE, don't expect everyone on this board to pamper you by answering you on every tiny detail. The numbers make sense for 1800 batteries - your own calculations indicated that this is consistent with the $/wH, etc and add up to a burn rate of $4M/quarter or so. Lev may have actually said 'cells' I don't know. If he did he clearly mispoke. We've done the calculations and are very comfortable with the CEO's statement that they can break even (on a $ basis) by running 1 line for 1 shift/day. That's why lots of money is coming into the stock. There are some inconsistencies in what the Korean press reported and what you heard from Lev. There were reports earlier from the korean press that hanil/valence would start producing this summer. Never take anything too seriously from the korean trade press. Literal accuracy does not seem to be a requirement over there. Lev's lack of concern about Jan 27 does not imply he's ignorant about important facts. He's not paying attention to that date, not because he's dumb, but because he knows it does not matter. I.e. he's weeks away from signing a contract but he could not tell you that on the call, as he carefully explained. Look at the chart - a lot of millions have been going into this stock. The smart money is comming in not going out. Go ahead and obsess all you want before deciding, but please try not to take up so much band width insisting that everybody help you get unconfused. You gotta help yourself a bit too. good luck!

To: Greg Smith who wrote (4896)	11/12/1998 1:56:00 AM
From: Emmo	Read Replies (1) \| Respond to of 27311

I have not seen any press releases from Henderson on the Hanil-Valence progress so I assume they don't think we need to know the progress of that partnership. We also don't hear much about the status of the other partnerships they are involved with in. However the folks in Korea have released news and the time line fits the picture. If LD said a line is set for delivery to Hanil next month fits a production date of mid 1999. That gives them 4-5 months to install and de-bug. In the mean time they have to be providing samples to OEM's to test and design. So I can only assume they have some production capability. Since no details are given in these CC's what LD says is very general. The written word carries more weight with me at this stage. Regarding the great debate over cells or batteries,,,How could he be talking batteries when they build cells? How can he know what the OEM's are going to need for unknown designs? At this point all they make are cells and OEM's will dictate construction.