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

To: I. N. Vester who wrote (5158)	11/15/1998 9:36:00 PM
From: Tickertype	Read Replies (1) \| Respond to of 27311

Is the january 27 date really such a time bomb? Someone pointed out earlier that Valence could always take a smaller contract at a lower per-unit price that would give them little or no profit, in order to comply with the milestones if push comes to shove. Seems to me that takes a lot of pressure off, and makes all the sudden doom scenarios on this thread look a bit overblown. And I, for one, think we'll soon find out that the company will not have to resort to that tactic in the first place. - T -

To: I. N. Vester who wrote (5158)	11/15/1998 9:59:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 27311

I.N. I try to "call them" as I see them, and I make my share of mistakes, like everyone else. In the case of VLNC, not having the depth of information the local bulls have, I do not have great confidence that this stock will be $20 (as a poster here states) by the end of the year, nor $100 within two years. This mostly, because I do not think that VLNC, for any sustained period, will sport great multiples of sales. I also think that gradually, the S&P SPR will come down over the next few years, and VLNC will have to live by the competitive rules in this market. By the way, I have seen (and have used myself, borrowed from other posters) a figure of $75 per battery for the PC market. Does someone here have competitive numbers of current batteries and their power storage? That would be helpful to determine the potential penetration one could expect. In my business (invention of new products) we have a motto stating that in order to have an impact in a well entrenched, you have to be "twice as good at half the price". If not, significant penetration is an uphill battle. Zeev